General
MURBS has declared 13.40% interest on members’ balances for the financial year that ended on 30th June 2024.
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.
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.
“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.
“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.
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.
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.
“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.
General
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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.
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.
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.
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.
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
The Deputy Vice Chancellor in charge of Academic Affairs (DVCAA) Prof. Sarah Ssali on 15th July 2026 commended the Research and Education Network for Uganda (RENU)’s Industrial Trainee Program, describing it as the perfect hands-on intervention for the future workforce. She made the comments while on a guided tour of RENU’s on-campus Lab facility where ten undergraduate students from Makerere and other Universities are undergoing a two-month practical training.
Origin of tour
The tour was prompted by a 24th June 2026 meeting with a RENU delegation led by CEO, Mr. Nicholas Mbonimpa, aimed at broadening the existing partnership with Makerere University beyond internet service provision to supporting teaching, learning and research activities. During the said meeting, Prof. Ssali expressed Makerere‘s desire to produce graduates that are not only academically grounded but also cognizant of the needs of the job market.
In his response then, Mr. Mbonimpa expressed RENU’s readiness to continue advancing digital transformation through advancing resilient connectivity, research infrastructure, and innovative initiatives that enhance teaching, learning, and research. He shared that the Senate Building’s computer network had been revamped in line with advancing resilient connectivity, and the initiative would be expanded to the College of Engineering, Design, Art and Technology (CEDAT) buildings and other premises subsequently.
The RENU CEO further highlighted that resilient connectivity forms a good basis for the proposed Open Radio Access Network (RAN) Architecture deployment set to be done within six months, so as to boost training of students in 5G and other technologies. Other initiatives discussed included training staff and students on acquisition of Open Researcher and Contributor ID (ORCID) to improve visibility of their publications and research output.
Training Program Lauded
Addressing student interns during the 15th July guided tour, the DVCAA who was accompanied by the 92nd Guild Speaker Rt. Hon. Trevis Mutatiina Muhwezi urged beneficiaries to harness all the technical and social opportunities accorded by the Program. “Not all students in your respective academic programmes had the benefit of being exposed to this kind of training so please make the most of it and utilize skills gained here beyond the classroom setting”.
The 2026 Industrial Trainee Program is equipping students with skills on how to diagnose and repair ICT equipment based on old and disused stock.
Prof Ssali was also toured the makerspace where solar-powered routers are manufactured and deployed to extend internet connectivity to both rural and urban locations. In 2023, RENU partnered with Mesh++, a Chicago-based connectivity solutions manufacturer, to manufacture solar-powered internet routers in Uganda. Since inception, over 200 units have been manufactured and deployed across various sites in Uganda, while over 80 units have been shipped to various African countries such as Malawi, Rwanda and South Sudan under the RENUMESH Technologies joint venture.
Partnerships Inspiring New Prototypes
The RENU CEO nevertheless pointed to a long turnaround time for shipping parts from the U.S. as one of the drawbacks hindering the product’s rapid deployment. As a result, RENU, in response to the Ugandan Government’s call for import substitution and local capacity development is developing a solar-powered internet router with some of the components sourced from Ugandan companies Innovex and Chloride Excide.
“Innovex will supply the Internet of Things (IoT) component to help RENU remotely monitor and control the router while Chloride Excide will provide the batteries” Mr. Mbonimpa explained. He added that some of the current lot of trainees were already running simulations on the prototype and proposing how the device can be further refined so as to increase its portability and reduce its price.
A call for Expansion
At the conclusion of the tour, Prof. Ssali who commended the use of modular Ugandan components for the prototype thanked the RENU team to exposing students to real-world technological deployments. She nevertheless urged the CEO and his team to expand the program’s intake beyond ten trainees and duration beyond the current two months so as to give students a richer experience.
The CEO RENUMESH Technologies Mr. Brian Masiga thanked the DVCAA for following up their 24th June meeting with the visit, which demonstrates that the University Management values students’ development of practical skills. He equally thanked Prof. Ssali for Management’s support to RENU activities and pledged to further refine the prototype to produce a cheaper and more portable proudly Ugandan product.
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