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.
Building a century of excellence, Makerere University Strategic Plan 2026-2030 lays a clear roadmap to strengthen research, innovation, transformative education as well as national and global development over the next five years.
Makerere University launches the strategic plan 2025-2030 central(c)Hon. Henry Musasizi, left(L) Mrs. Lorna Magara, second right Guild President Makerere University, third right Prof. Barnabus Nawangwe.
On Thursday 2nd July 2026, at Makerere Main Campus, the launching event gathered government leaders, development partners, university leaders and dignitaries such the Minister of Finance, Planning and Economic Development, representative of the Executive Director of the National Planning Authority as well as the University Vice Chancellor. Makerere launched its strategic plan under the theme; ‘Optimizing the University’s Research Potential for National and Global Transformation.’
Preparing the strategic plan
‘Preparing this plan has been a process,’ the Deputy Vice Chancellor Finance and Administration, Prof. Herny Alinaitwe said. He emphasized that the strategic plan was developed through careful consultation, review and participation rather than being created in isolation. The previous Makerere University plan used to have long term of 10years. However, around 2019-2020 the National Planning Authority advised to adjust to the five years of National Development Plan (NDP IV) ensuring that the University contributes directly to the country’s development.
Prof. Henry Alinaitwe
Accelerating to national transformation
The Makerere University Vice Chancellor, Prof. Barnabas Nawangwe, began his speech by reaffirming University’s long-term vision. ‘Our vision is to be an outstanding leader of knowledge generation for societal transformation and development.’ He added the Makerere’s mission is to provide transformative and innovative teaching, learning, research and service responsive to dynamic national and global needs.
He emphasised that the new strategic plan is designed to transform Makerere into a research-led University and for this to happen we need to have more than 419 professors and 473 associate professors. Currently the university has 73 professors and 144 associate professors.
Prof. Barnabas Nawangwe
‘We are not removing undergraduate programmes but we want to reduce them gradually and increase graduate numbers because those are the ones going to do the innovations and transform the economy,’ continued Prof. Nawangwe. He stressed the postgraduate students play a crucial role in research and innovation and increasing postgraduates from 10% to 16.1% enrolment is therefore central to achieving the University’s vison of becoming a leading research institution.
He said, ‘Makerere University continues to contribute its fair share to transforming human capital in the country and economic development.’ He thanked and encouraged the government and other partners to further increase the goodwill towards the institution.
‘Today marks not the end of the process but the beginning of an even greater responsibility it’s successful implementation,’ noted the Chairperson of Makerere University Council, Mrs. Lorna Magara. reminded stakeholders that the launch is only the first step and its success will depend on faithful implementation.
She highlighted the central roles of higher education, research and innovation in Uganda’s economic transformation. ‘Let us therefore move with courage, lead with integrity, purse excellence without compromise and together we will build a much stronger Makerere for a stronger Uganda.’
Transformation objectives
Prof. Nawangwe and the chairperson University Council Mrs. Lorna presented possible targets in the strategic plan, among them increasing PhD student enrolment from 15% to 35%, registered patents from 15 to 45, commercialised innovations from 25 to 65, STEM enrolment from 32% to 55%, postgraduate enrolment from 3700 to 7000 by 2030 and raise graduate employability from 45% to 65%within six months of graduation.
Mrs. Lorna Magara
Government commitment to the strategic plan
Speaking as the Guest of Honor, Minister of Finance, Planning and Economic Development, Hon. Henry Musasizi launched the strategic plan 2025-2030 describing it as a timely and forward-looking roadmap that aligns with Uganda’s vision 2040, the Fourth National Development Plan (NDP IV), and the country’s Tenfold Growth Strategy.
Hon. Henry Musasizi
‘This Strategic plan comes at an important time as the country works to grow its economy from about USD50 billion to over USD500 billion by 2040.’
The Chief Guest, Hon. Herny Musasizi noted that Uganda’s ambition to expand its economy from approximately USD50 billion to over USD500 billion by 2040 will require sustained investment in research, innovation, industrialisation and human capital development, with universities playing a central role in achieving these aspirations.
He reaffirmed government’s commitment to continue working with Makerere University to build a growing income, industrialised and knowledge driven economy while stressing accountability, innovation and the need to apply research in solving Uganda’s development hardships. He also commended Makerere for aligning its strategic priorities with national development goals, explaining that such alignment would facilitate government support and resource allocation through the national budgeting process.
Leading to national economic transformation through universities
Reflecting on the central role of higher education in Uganda’s economic transformation, Samuel Kasule, the Senior Planner for Education and Skills, National Planning Authority appreciated Makerere roles.
Samuel Kasule
‘At the cornerstone of increased labour productivity is the role of universities especially in supporting the high impact sectors identified in the tenfold growth strategy,’ Mr. Kasule remarked.
He elaborated that universities are expected to equip graduates with the knowledge, skills and competencies needed to drive innovation across sectors such as minerals, oil and gas, agro-industrialisation, tourism and agriculture. He also argued the by producing highly skilled human capital as well as fostering innovation institutions like Makerere University will play a pivotal role in increasing labour production and accelerate economic growth achieving Uganda’s ambition of becoming a USD500 billion from USD50 billion under the Tenfold Growth Strategy.
Conclusion
Guided by its strategies direction of excellence, accountability, professionalism, integrity and respect together with inclusivity, the University has reinforced its commitment to advancing quality education, research and innovation. The launch of strategic plan 2025-2030 reflects this commitment by positioning the University as a key partner in Uganda’s development and transformation, consistent with national priorities.
The Office of the Academic Registrar on Tuesday 21st July, 2026, hosted a delegation from Gulu University on a benchmarking visit aimed at learning from Makerere University‘s long-standing experience in the administration and management of Mature Age Entry Examinations.
The Gulu University delegation was led by Dr. Helen Christine Amongin and included: Dr. Simon Peter Alarakol, Deputy Dean, Faculty of Medicine; Dr. Emmanuel Okurut, Deputy Dean, Faculty of Law; and Mr. Paul Oboke, Principal Assistant Academic Registrar (Admissions).
The delegation was received on behalf of the Academic Registrar, Prof. Buyinza Mukadasi, by Mr. Thomas William Baguma, Principal Registrar and Personal Assistant to the Academic Registrar. Also present were Mr. Simon Musoke, Head of Mature Age Examinations; Mr. Ochwo Gerald, Liaison and Communications Officer; Ms. Ssozi Priscila, Ag. Head of the Transcripts Section; and Ms. Assumpta Tushabirane from the Ceremonies and Certificates Section.
The Mature Age Scheme promotes inclusivity by catering for candidates who can meet admission requirements but are not be eligible to apply under the Direct Entry Scheme. To be eligible for Makerere’s Mature Age Entry Examinations, candidates must be at least 25 years old before 1st August of the year the exam is offered. The Scheme is open to Ugandans, East Africans and International applicants.
Ochwo Gerald is the Communications & Liaison Officer, Office of the Academic Registrar, Makerere University
College of Health Sciences Quality Assurance (QA) Training in Assessments, Pedagogy and Competence Based Curriculum Held 18–19 June 2026 at Esella Hotel.
Pedagogy, Assessment and Supervision Training Workshop
The College of Health Sciences has embarked on the journey to improve the teaching, assessment and preparation for the adoption of the competence-based curriculum.
The training was held on 18-19 June 2026, at Esella Hotel, Kira, the training targeted the teaching assistants, lecturers’ senior lecturers’ key administrators and some PhD fellows, generally the early career academic staff that are yet growing in the ranks.
Seated L-R: Dr. Peter Ssenkusu, Prof Grace Ndeezi, Prof Idro Richard and Dr. Irene Rebecca Namatende with the participants at Esella Country Hotel.
Objectives
Equip participants with modern pedagogical approaches for effective teaching and learning.
Review and harmonize assessment strategies to ensure quality and fairness in academic evaluation.
Enhance supervisory competencies for guiding graduate students in research and academic progress.
Foster collaboration and shared experiences among facilitators, supervisors, and administrators.
Dr. Peter Ssenkusu facilitating at the Pedagoggy and Assessment workshop on 18 June 2026.
The key focus areas for the training
Guidelines in Assessment & Course Outlines- Dr. Cyprian Misinde -Chief Quality Assurance Officer.
Competence Based Education and Assessment- Dr. Mike Kagawa
Advancing continuous improvement in teaching, learning through teaching styles -Dr. Ssebowa Dorothy.
Teaching methods Knowledge production and acquisition- Dr. Peter Ssenkusu
Graduate Supervision Challenges and Opportunities- Prof. Grace Ndeezi.
Competence Based Curriculum in line with the NCHE- Dr. Innocent Besigye.
Feedback mechanisms in training- Dr. Irene Rebecca Namatende.
Dr. Mike Kagawa, facilitating at the Workshop on 18 June at Esella Country Resort Hotel.
Key Outcomes for this training
The participants gained the understanding of learner-centered teaching approaches and pedagogical principles.
Acquired new skills supervisory skills, particularly in guiding research and addressing student challenges.
Consensus on adopting standardized assessment tools across graduate programmes.
Practical exposure to teaching models and interactive learning methods.
Development of action plans for continuous professional development in pedagogy and supervision.
The participants also acquired more skills in line with the competence-based curriculum as required by the National Council for Higher Education.
Dr. Innocent Besigye presenting the processes for curriculum review on 19 June 2026.
During the Discussion Key important Questions emerged as follows:
Who supervises the supervisor?
What is the difference between notion hours and contact hours?
The 60/40 way of assessments—can it be independent for every course unit taught or allocated differently?
How do we manage difficult supervisors?
How do we Coerce PhD students to be fully involved in departmental activities without them feeling Coerced?
How much time do we need to prepare for the review of the programmes in line with the competence-based curriculum as required by the National Council for Higher Education (NCHE) and the World Health Organization (WHO)?
We truly thank the facilitators and the participants who made this training very informative and enlightened. We also appreciate the Principal/Deputy CHS, the Chief QA Officer, Makerere University and the University Management for the enormous support and for making this activity possible.
Dr. Irene Rebecca Namatende Quality Assurance 0ffice College of Health Sciences, Makerere University