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MURBS has declared 13.40% interest on members’ balances for the financial year that ended on 30th June 2024.

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By: Ritah Namisango

Dr. Elizabeth Patricia Nansubuga, Chairperson of the Makerere University Retirement Benefits Scheme (MURBS) Board of Trustees, announced this milestone during the 14th Annual General Meeting (AGM) for the year 2023/24 held on Thursday, 24th October 2024, at Makerere University Main Campus, School of Public Health Auditorium.

The AGM attracted various stakeholders, including trustees, Audit Committee Chairperson CPA David Ssenoga, Board Evaluation Consultant Vincent Kaheeru, URBRA Representative Mark Lotukei, Audit Committee members, co-opted members, and university administrators.

Presenting the performance report, on behalf of the Board of Trustees, Dr. Nansubuga highlighted that this is the highest interest declared by the scheme in the past five years, and she anticipates continued improvements. She noted that for the previous financial year, which ended in June 2023, the Board of Trustees declared an interest an interest of 12.34%.

Dr Nansubuga also announced that the scheme has achieved a Net Investment Income of UGX 44.6 billion, far higher than the UGX34.4 billion collected in Contributions during the year.

The Chairperson of the Board also revealed that the fund value had grown from UGX352.4 billion recorded at the end of the last financial year to UGX409.2 billion, indicating an increase of 16.1%.

“By 30th June 2023, MURBS had a fund value of UGX 352.4 billion. The Board of Trustees targeted Fund growth of 17%, and I am glad to inform you, that the fund value of MURBS, as per the Audited Financial Statements of 30th June 2024 is UGX 409.2 billion, which is an increase of 16.1%. This achievement was made possible by strategic periodical activities undertaken by the Board and our fund managers, supported by the strong oversight committees of the Board,” she reported.

Dr. Elizabeth Patricia Nansubuga(Centre) responding to questions from members.

She attributed the positive growth to factors such as improved debt recovery, operational efficiency, timely remittance of contributions by the sponsor (Makerere University), an increase in project and contract contributions, and the recovery of UGX8.85 billion in debts.

Dr. Nansubuga also expressed gratitude to Makerere University, the scheme’s sponsor, for consistently remitting contributions, a key factor that has significantly contributed to MURBS’ smooth operation. “I am happy to announce that the sponsor-Makerere University remitted your retirement benefits for the financial year 2023/24,” she said.

In the same development, Dr. Nansubuga reported that MURBS registered a legal victory against Uganda Revenue Authority (URA) over a real estate investment in Sonde undertaken in 2019, and which URA sought to tax heavily. She notified the AGM that MURBS won the case and was awarded costs which also set a precedent.

Consultant Mr. Vincent Kaheeru and CEO of Profiles International

“On behalf of the Board of Trustees, I am pleased to inform you that during the financial year, we received a favorable outcome on a key court case. How did we end up with this case? In 2019, MURBS invested in real estate, we bought land in Sonde,” Dr Nansubuga explained.

“Uganda Revenue Authority (URA) then charged us with a tax assessment worth UGX600 million. It has been four (4) years in the tax appeals tribunal. Since then, the lawyers, the former and current trustees, have been appearing before the appeals tribunal, but in December 2023, MURBS won the case. We challenged URA, and this case was awarded with costs. URA has to pay MURBS. We therefore saved UGX600 million,” she added.  

In terms of governance, Dr Nansubuga said that the scheme made changes in the board. Initially, the trustees were six and they needed a seventh member, and following a competitive race, they recruited another trustee; CPA Edina Rugumayo who has over thirty years in accounting.

Part of the MURBS members who physically attended the Annual General Meeting

“In terms of governance, we continue to uphold good governance practices and we align with international standards. Last year during the presentation, I said we were six and we needed to have the seventh trustee because the Board composition is supposed to be seven,” she explained.

“So, following a competitive process, we recruited an independent trustee. It was a very competitive position. You must have served on board which has over UGX50 billion. So, from that process, we were able to recruit CPA Edna Rugumayo Simbwa. She is a certified public accountant with over thirty years of experience in accounting, taxation, and corporate governance,” she mentioned.

She also thanked other stakeholders for making sure that MURBS activities run smoothly. These entities include Makerere University, KPMG, Gen Africa, Arcadia Advocates, Zamara, URBRA, and Stanbic Bank among others.

While discussing investments, Dr. Nansubuga mentioned that 86% of MURBS’ funds are currently invested in government bonds, but added that the Board is exploring diversification to reduce risks. 

“86% percent of our money is invested in government bonds, and sometimes, you do not have to put all your eggs in one basket, there is a high concentration of risk. so that is one of the key material risks that we want to address to reduce the amount we have in government securities. We want to diversify our portfolio and avoid investing heavily in government securities. The Board will venture into other fields in order to earn money or return on investment from the diverse undertakings,” she said.

Mr. Mark Lotukei, represented the CEO of Uganda Retirement Benefits Regulatory Authority

In terms of membership, Dr. Nansubuga reported a 4.4% increase, with the number of members rising from 8,229 to 8,590. She attributed this growth to the reinstatement of in-house beneficiaries and an increase in project and contract staff.

Dr. Kakuba also thanked the sponsor-Makerere University for remitting the membership contributions timely which has helped the scheme to grow.

Dr. Godwin Kakuba -Secretary, MURBS Board of Trustees, who presented the record of the 13th Annual General Meeting stressed that the AGM climaxes a financial year and the Board of Trustee has been vigilant on this and has not missed any AGM for 14 years now.

“We applaud the sponsor because many of these positives in the chairperson’s report can only be attributed to the support by the sponsor through fulfilling the obligation of remitting members’ contributions to the scheme,” he added.

Dr. Godwin Kakuba (L) and Asad Ssenoga

Partner Asad Ssenoga, an independent auditor who audited the scheme said that he was impressed with the level of compliance that the scheme exhibited in all aspects. He said they focused on ensuring that the member contributions are supported with statements and allocated to members appropriately.

“Overall we were satisfied with the work we did on the audit, the numbers that were presented by the Chairperson are the correct numbers that we audited. We were comfortable with those numbers, due process was followed during the audit,” he said.

Mr. Mark Lotukei who represented the CEO of Uganda Retirement Benefits Regulatory Authority (URBRA) thanked the Trustees for always prioritizing governance, which has helped them to reach several milestones.

Members of the MURBS Secretariat led by Ms Susan Khaitsa(Centre)

“As URBRA, we look at governance as the biggest component of our compliance. MURBS Trustees from the former to the current, have taken governance as the most important aspect. We really encourage them to continue with this good practice because governance informs all the other aspects,” he said.

Mr. Arthur Kibira, a member in attendance, expressed his appreciation for the Board’s efforts. He urged them to explore higher-risk investments for potentially greater returns. He expressed concern over the scheme’s heavy reliance on government bonds.

“Dr Elizabeth Nansubuga, I want to congratulate you, and your team and also congratulate ourselves. But, I want to believe that there is room for improvement. I am one of those who do not believe that the sky is the limit, we are limited by our own thinking. I am thinking that high risks give high returns. Is there a way of managing those risks, so that we could push this 13.40% interest to a figure much higher? If we do so, we shall say we have learnt how to manage risks,”, he guided.

Ritah Namisango

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Celebrating Dr. Irene Rebecca Namatende

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Dr. Irene Namatende was conferred upon the PhD in Education Management on Day 1 of the 75th Graduation Ceremony. 75th Graduation Ceremony, Day 1, CoCIS, CEES, CoVAB and School of Law. 13th January 2025, Freedom Square, Makerere University, Kampala Uganda, East Africa.

Dr. Irene Rebecca Namatende who serves as the Quality Assurance Officer, College of Health Sciences Makerere University (MakCHS) received her PhD at the 75th Graduation Ceremony of Makerere University held 13th – 17th January 2025. Congratulations to her on reaching this milestone. Following is a brief interview with Dr. Namatende sharing her PhD journey and inspiration.

Who is Dr. Irene Rebecca Namatende? She hails from Busoga-Iganga-Bubago-Buwaya in Mayuge District. She is the daughter of Mr. Tenywa Mudiba Amuraphel, a Fine Artist, and the late Ms. Aidha Mukyala, a teacher. Irene Rebecca Namatende attended Naluwoli Primary School in Kamuli District, Kiira Academy in Jinja for her O-levels, and Mukono Town Academy for her A-levels.

Prior to PhD studies, she holds a Bachelor of Arts from Makerere University, Postgraduate Diploma in Public Administration and Management (DPAM) and a Master’s in Public Administration and Management from Uganda Management Institute. She also has a certificate in Research Management and Leadership Programme from George Mason University (USA) through IREX/UASP Fellowship in 2019-2020.

Her PhD Journey: My pursuit of a PhD began in 2015 at the East African School of Higher Education and Development Studies, Makerere University. Driven by my enthusiasm for Quality Assurance, I decided to pursue a PhD in Education Management; my research focused on the Management of External Examination of PhD Theses at Makerere University.

The PhD program allowed Irene to develop enhanced research skills and knowledge in quality assurance. She said, ‘I am now well versed in QA mechanisms and have a clear understanding of the policies, processes, and principles that govern external examination in higher education institutions. – I have gained insight into the experiences faced by PhD students. To date, I have published two papers in internationally recognized journals’.

A brief about her Study: The study explored the methods and principles involved in the external evaluation of PhD theses at Makerere University. It outlines the historical, theoretical, conceptual, and contextual aspects of external PhD thesis evaluation at Makerere University. Additionally, it traces the worldwide origins of external examination, examines Makerere‘s specific context, and employs Pryor et al.’s 5Ps Model to assess its effectiveness. The research highlights various challenges, such as delays, compensation for external examiners, and discussions regarding relevance. Furthermore, the study suggests that Makerere University improve its external examination processes, create a solid tracking system for all PhD theses, and recognize and reward both internal and external examiners, as this would inherently encourage examiners to perform diligently and submit the PhD reports promptly, allowing PhD students to graduate within the expected time frame. In conclusion, the study underscores the importance of efficient performance metrics and principled examination procedures for ensuring the academic quality of PhD theses.

What motivated the PhD studies? Her inspiration was Professor Lillian Tibatemwa Ekirikunbinza, a Justice of the Supreme Court. Professor Tibatemwa Ekirikubinza who served as the Deputy Vice Chancellor for Academic Affairs at Makerere University and simultaneously held the role of Principal Investigator (PI) for the Quality Assurance Project, sponsored by the Carnegie Corporation of New York in 2005-2006

In 2006, Irene was appointed as the secretary for the Quality Assurance project, working under Professor Elisha Semakula. Both he and Prof. Ekirikunbinza motivated her to aspire to more than just being a project secretary. During this period, she supported the drafting and the writing of QA Policy framework/policy in 2006 and formulated the proposed strategic plan for the Quality Assurance Directorate.    She noted,’my enthusiasm for Quality Assurance, combined with my professional journey from 2006 to 2025, led me to enroll in a PhD program in Education Management at the East African School of Higher Education and Development’.

Challenges during PhD Study: Dr. Namatende highlighted the challenges during her PhD journey thus, “The path to my PhD has not been very smooth. The onset of COVID-19 in 2019/2020 dramatically hindered my ability to concentrate, leaving me at a standstill. 2. During my studies, I experienced the loss of my second supervisor, Dr. Hilary Mukwenda (RIP), with whom I had closely collaborated, which affected my progress. 3. Although my school submitted my book to the external examiner on time, the feedback took nearly eight months, making me feel like a hindrance in my research. Amidst all these challenges, I became victorious”.

Community Service/Contribution: Beside her work as a Quality Assurnace Officer, she also holds various assignments including General Secretary, of Makerere University Senior Administrative Staff (MASA); Chairperson Joint Hymnal Choir – St. Francis Chapel Makerere University from 2019 to 2020; member – Welfare Committee MakCHS; member – Quality Assurance, ICT and Gender Committee, MakCHS; member of the Principal’s Operation Team (POT), MakCHS.

Her quote: ‘Everything Ends according to God’s Purpose’

Zaam Ssali

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Mak Planning and Development Department gets new leadership

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By Carol Kasujja Adii

Mr. Matia Kabuye Kagimu on 21st January 2025 officially handed over office to the newly appointed acting Manager of Planning and Development Department, Mr. Emmanuel Kitamirike – a Principal Planning Officer in the same unit.

Presiding over the handover ceremony, Prof. Buyinza Mukadasi who represented the Vice Chancellor commended Mr. Matia Kabuye Kagimu who joined the University service in November 1991 for the vibrant leadership during his tenure as the Manager of Planning and Development Department. He also credited Mr. Kabuye Kagimu for serving Makerere University stakeholders with dedication and humility.

“Presiding over and also witnessing a number of such ceremonies over the years, I have learnt one thing, that they only strengthen our resolve to continue contributing to Makerere University. When you see a colleague that has served with distinction and integrity, it is a message to the in-coming that you need to not only emulate the strides made but also do better than your predecessor,” said Prof. Buyinza Mukadasi, the Ag. Deputy Vice Chancellor (Academic Affairs) on behalf of the University management.

Out going Manager Mr. Matia Kabuye Kagimu speaking at the handover ceremony.

Prof. Buyinza Mukadasi explained that over the years, Mr. Kabuye Kagimu has not only guided the University Management in strategic planning, budgeting and resource allocation, but also mentored many of them.

“Mr. Kabuye Kagimu, you are lucky you are leaving with your head held high. You are lucky that God has given you an admirable tenure, you have served with distinction and we are happy. We wish you good health as you continue serving in whatever capacity God puts you,” Prof Buyinza Mukadasi said.

Despite facing significant challenges, including limited staffing and resources and unprecedented budget cuts, Mr. Kabuye Kagimu led the planning unit with unwavering dedication. Under his leadership, the team delivered crucial planning functions, including budgeting and reporting, in alignment with the Government of Uganda’s programme budgeting system.

Furthermore, during his tenure, the unit oversaw the decentralization of the University’s budgeting function to the Colleges and Administrative Units, as well as alignment of the Makerere University 10-year strategic plan (2020-2030) with the National Development Plan II. Mr Kabuye Kagimu also diligently worked with the different Colleges and Departments on development of infrastructural facilities improvement projects.

[L-R] Mr. Matia Kabuye Kagimu and Mr. Emmanuel Kitamirike

Welcoming the newly appointed Acting Manager Mr. Emmanuel Kitamirike to the leadership role, Prof. Buyinza Mukadasi pledged to accord him the necessary support.

During the handover, the University Bursar, Mr. Evarist Bainomugisha, who has worked with Mr. Kabuye Kagimu for five years, testified that he is a highly skilled personality who has exhibited high standards of ethics, integrity, morality and professionalism.

“Mr. Kabuye has exhibited a high level of team work.  He has worked well with the finance team and a number of staff in the entire University as he oversaw the planning function,” Mr. Bainomugisha said.

Addressing the audience, Mr. Kabuye Kagimu thanked the University Council, as well as Central and Top Management for the cooperation and support accorded to him during the 33 years he served the University.

Mr. Kabuye Kagimu appealed to the University Management to prioritize the staffing needs in the Planning and Development Department so that the Unit is in position to serve the entire university on time, and with the right financial and human resources.

In his acceptance speech, Mr. Emmanuel Kitamirike, the Acting Manager Planning and Strategy, extended deep gratitude to the University Management especially the Vice Chancellor, Professor Barnabas Nawangwe and the Acting Deputy Vice Chancellor (Finance and Administration), Prof. Henry Alinaitwe for their mentorship over the years and entrusting him the new responsibility.

“Without a plan, we are directionless. Without accurate reporting, we cannot ensure effective accountability because these are pillars upon which success stands. I want to assure you, Acting Vice Chancellor-Prof. Buyinza Mukadasi that my team and I, are fully aware of the monumental task ahead. We are committed to tackling it with unwavering resolve and dedication,’’ Mr. Kitamirike said.  He also pledged to give attention to grant-funded projects.

Group photo of participants who attended the handover ceremony.

Present during the handover were Mr. Lubowa Gyaviira Ssebina, the Deputy University Bursar, Ms Joan Makanga Mutekanga-representing the Directorate of Internal Audit, Ms Consolate Komugisha-representing the Office of the University Secretary and staff from the Planning and Development Department.

About the Department The Planning and Development Department (PDD) was established in 1992 with the overall mandate to coordinate the formulation and implementation of the University’s Strategic Plans. The Department has to date rolled out four planning cycles. The Department brings together the constituent components of the University-wide plan, including plans from all units of the University, to ensure that Makerere is an efficient and responsive University.

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Makerere University Convocation Graduation Luncheon Honors CEDAT Staff and Outstanding Students

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Several staff members from the College of Engineering, Design, Art and Technology (CEDAT) were recognized for their exceptional contributions in research and teaching during the Makerere University Convocation 75th graduation luncheon, held on Friday, January 17th, 2025. The event celebrated the achievements of top students, teachers, and researchers, with special awards presented to CEDAT staff for their outstanding performance and dedication.

Assoc. Prof. Dorothy Okello and Mr. Ayor Andrew Semakula received the Teacher of the Year Award, acknowledging their exemplary contributions to education and their significant impact on students. The recognition highlights the commitment and excellence of CEDAT staff in advancing the fields of engineering, design, art, and technology.

The Senior Career Award went toProf. Kirabira John Baptist, Prof. Olupot Wilberforce and Assoc. Prof. Michael Luswataall from the Mechanical Engineering Department.

Congratulations to you dear staff Prof. Olupot Wilberforce for receiving the Senior Career Award

Dr.VianeyYiga, Dr. SemiyagaSwaib, Mr. Manga Musa got the Mid-Career Award, while  Ms. Namuju Dona Lillian, Ms. Wesonga Racheal and Ms. NamakulaHidaaya received the Early Career Award. At the same event, thirty of the best performing students were also recognized.

Congratulations to you dear staff Dr.Vianey Yiga for receiving the Mid Career Award

The Makerere University Convocation 75th graduation luncheon celebrated outstanding achievements, with a strong emphasis on recognizing excellence through awards. Colonel Edith Nakalema, Senior Presidential Advisor and Head of the State House Anti-Corruption Unit, delivered a keynote address focused on integrity and creativity for graduates.Col. Nakalema stressed the need for graduates to uphold high moral standards and professionalism, urging them to focus on creativity and integrity, especially in the age of AI, to achieve true success.

The event, themed “Celebrating Excellence and Creating Path to Success,” honored the top performers from each college. Col. Nakalema congratulated the graduates and highlighted the importance of making positive contributions to society. Other speakers, including Dr. Monica Musenero, Minister of Science, Technology and Innovation, and Hon. Godfrey Baluku Kabyanga, Minister of State for ICT and National Guidance, emphasized the role of universities in socio-economic transformation and the importance of research.

Congratulations to you dear staff Dr. Semiyaga Swaib for receiving the Early Career Award

Written by Harriet Musinguzi, Principle Communication Officer, College of Engineering, Design, Art, and Technology

Alex Isemaghendera

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