General
Excitement as 36 Mastercard Foundation Scholars graduate from Makerere University
By the Program Communication Team
On Friday, January 17, 2025, the Mastercard Foundation Scholars celebrated a significant milestone as they graduated from Makerere University. The day was filled with enthusiasm and pride as 36 dedicated students completed their Mastercard Foundation Scholars Program journey. This achievement reflects their hard work and commitment and paves the way for new opportunities in their future endeavours.
At the event, Mr. Adrian Bukenya, the Country Director of Mastercard Foundation Uganda and the chief guest, encouraged the new graduates to create jobs for their peers rather than solely seeking employment for themselves.
“As fresh graduates, your first step shouldn’t be simply searching for jobs. Instead, focus on creating job opportunities for your peers. The university degree you have earned puts you in a unique position. The knowledge and skills you’ve gained and the experiences and connections you have made empower you to thrive in this country,” Mr. Bukenya remarked.
Mr. Bukenya further expressed his gratitude to Makerere University‘s leadership and acknowledged the profound relationship the University shares with the Foundation. He emphasized that the partnership with Makerere University was essential to the Foundation.
“The Mastercard Foundation values its partnership with Makerere University, as the university continues to produce exceptional talent essential for Uganda’s development. The country would struggle to achieve its national aspirations without this contribution,” noted Mr. Bukenya.
Mr. Bukenya emphasized the core mission of the Mastercard Foundation, which is to alleviate poverty in areas where it is most prevalent and to enhance access to education. He pointed out that the Scholars Program is a fundamental component of this initiative. He noted that earning a degree is a valuable tool and a testament to an individual’s ability to learn, perform tasks, and achieve results within structured and organized frameworks.
He further stressed the Foundation’s commitment to empowering young people to lead and transform Africa.
“The Mastercard Foundation has made a strategic commitment to focus uniquely on Africa, home to the world’s youngest population. Through its ‘Young Africa Works’ strategy, the Foundation supports entrepreneurship and enterprise development among young people, empowering them to shape the future of their communities and the continent.” emphasized Mr. Bukenya.
Speaking on behalf of the University Management, Professor Buyinza Mukadasi, the Acting Deputy Vice-Chancellor of Academic Affairs and Chairperson of the Steering Committee for the Mastercard Foundation Scholars Program at Makerere University, congratulated the program for achieving an impressive 94% graduation completion rate.
“The Mastercard Foundation Scholars Program at Makerere University has graduated 964 scholars—78% female and 22% male—representing 94% of the 1,032 recruits from Phase One. We expect to achieve 100% graduation for all Phase One scholars at the 76th Graduation Ceremony next year.” Prof. Buyinza remarked.
Prof. Buyinza expressed gratitude to the Mastercard Foundation for its ongoing support of the university, which has significantly added value, particularly in educating young people from vulnerable communities.
“We sincerely thank the Mastercard Foundation for partnering with Makerere University to educate and empower the next generation of leaders and change-makers. The statistics regarding the number of young people supported and the impact that the program’s alumni have made in society are a testament to the energy and potential of young individuals when provided with the right education, guidance, and support.” Prof. Buyinza pointed out.
Program Director Prof. Justine Namaalwa emphasized her team’s commitment to ensuring the successful operation of the Scholars Program at Makerere University for years to come.
“Makerere University and the nation greatly appreciate the Mastercard Foundation for its generosity and foresight, which continue to transform human capital in Africa. There is no doubt that your vision for Africa is being realized. We are committed to this mission, even as we enter phase two of the program,” noted Prof. Namaalwa.
Prof. Namaalwa expressed gratitude to the University Management, led by Vice Chancellor Prof. Nawangwe, for their support and commitment to the Scholars Program. She pointed out that the strong backing from the university management has enabled the Program to meet its goals and succeed at the University.
“I sincerely thank the Vice Chancellor, Prof. Barnabas Nawangwe, and the entire University Management and the governing structures of the Program for their effective leadership, which continues to yield positive results from our strong partnership with the Mastercard Foundation.” Prof. Namaalwa pointed out.
Prof. Namaalwa equally appreciated the graduates for helping achieve the Mastercard Foundation’s goals, which aims to educate and empower the next generation of African leaders. She noted that Makerere University has begun implementing the second phase of the Mastercard Foundation Scholars Program, which will span the next ten years. In this phase, the Mastercard Foundation has committed to providing scholarships to 1,000 academically talented youth facing economic hardships, enabling them to access quality education at Makerere University.
She asserted that the Mastercard Foundation prioritizes three key transition pathways: formal employment, entrepreneurship, and further education. She urged the graduates to remain active on all the program’s social media platforms, especially the Alumni WhatsApp platform, as it will be a vital channel for sharing ongoing opportunities from the Mastercard Foundation and other partners.
Ms Aida Aol, the mother of graduate Mr Okello Godfrey, expressed gratitude on behalf of parents and guardians. She thanked the Mastercard Foundation and Makerere University for providing her son and other vulnerable young people with the opportunity to study at one of the best universities in Uganda. Ms. Aol highlighted that she had lost hope for her son’s university education due to financial constraints.
“I cannot thank Mastercard Foundation and Makerere University enough for providing our children with the opportunity to attend one of the best universities in the country. Many of us parents could not afford to send our children here because we did not have the resources to pay for their education,” Ms. Aol remarked.
Ms. Aol stated that she lost her husband when her son was only four years old, and she had since committed herself to ensuring he completed both elementary and high school. However, she reached a critical point where she could no longer afford to support his university education.
Graduates speak out
Awien Rose Madot, a Journalism and Communication graduate, expressed her gratitude to the Mastercard Foundation Scholars Program for transforming her life. The program enabled her to achieve her academic goals and instilled in her a strong sense of responsibility to use her degree to create positive change in the world.
“Accessing higher education can often feel like a distant dream for refugees like me. However, the Mastercard Foundation Scholars Program has served as a powerful beacon of hope. It clearly demonstrates that education is a vital tool for empowerment and transformation, even in the face of adversity. The Program has provided us with financial resources, as well as invaluable mentorship, guidance, and a strong support network for all the scholars involved,” said Madot.
Dr. Raphael Kasuku, a dental surgery graduate, pledged to continue the spirit of giving back to his community by offering dental services. He urged his fellow graduates to utilize the knowledge and skills they acquired through their education to uplift their communities.
“To my fellow graduates, this moment marks not just the end of a chapter but the beginning of an exciting new journey. The world ahead is vast and brimming with opportunities that we are ready to seize. It won’t always be easy, but we must remember that the resilience, determination, and passion that brought us here will continue to propel us forward as we strive to serve our communities.” Dr. Kasuku remarked.
The colourful event was a vibrant gathering held in the gardens of the University Guest House, bringing together a diverse community of program stakeholders. Attendees included members of the University management and the Steering and Selection Committees. Mentors of the Scholars Program, parents and guardians, and alumni also contributed to the inspiring atmosphere. Additionally, representatives from the Mastercard Foundation and program partners joined the celebration, along with numerous well-wishers who continue to support the Program’s mission.
![[L-R] Dr.Godfrey Akileng - Dean School of Business, Prof. Sarah N. Ssali - Ag. Vice Chancellor, Chief Guest - Mr. Odrek Rwabwogo, and Gordon Katwirenabo-Assistant Commissioner, Quality Assurance and Value Addition, MAAIF at the Congress.](https://news.mak.ac.ug/wp-content/uploads/2025/10/Entreprenuership-Congress-2025-400x240.jpg)
![[L-R] Dr.Godfrey Akileng - Dean School of Business, Prof. Sarah N. Ssali - Ag. Vice Chancellor, Chief Guest - Mr. Odrek Rwabwogo, and Gordon Katwirenabo-Assistant Commissioner, Quality Assurance and Value Addition, MAAIF at the Congress.](https://news.mak.ac.ug/wp-content/uploads/2025/10/Entreprenuership-Congress-2025-80x80.jpg)
As part of her efforts to familiarize herself with the offices under her docket, the newly appointed First Deputy Vice Chancellor in charge of Academic Affairs, Prof. Sarah Ssali, has embarked on a series of visits to different units that report to her office. One of these is the Makerere University Press (MakPress), which she visited today on 21st of October 2025, on a courtesy call. She was received by the Managing Editor for MakPress, Dr. William Tayeebwa, a Senior Lecturer in the Department of Journalism and Communication at the College of Humanities and Social Sciences. Previously, MakPress operated jointly with the Directorate of Graduate Training (DGT) and the Directorate of Research, Innovations and Partnerships (DRIP) before becoming a standalone entity. Accompanying Prof. Ssali on this visit were Prof. Julius Kikooma, the Director of DGT, and Mr. Mathias Ssemanda, the Acting Manager of the International Relations Office.
During her visit to MakPress, Prof. Sarah Ssali commended the Unit for its progress and partnerships while emphasizing the need to strengthen collaboration with key institutions such as the National Curriculum Development Centre (NCDC), the Ministry of Education and Sports, and other universities. She encouraged the Press to explore practical working models, including leveraging external expertise and streamlining its printing processes to enhance efficiency. Prof. Ssali also highlighted the importance of safeguarding intellectual property, ensuring fair contractual terms with partners, and maintaining transparency in publishing agreements. She advised that Makerere University Press should position itself strategically by producing high-quality academic materials that serve both national and international audiences. Additionally, she urged the team to adopt a more consistent publication schedule—launching books quarterly or biannually—and to organize events where authors can engage directly with readers, scholars, and policymakers. Prof. Ssali reaffirmed the administration’s support toward building a stronger, more vibrant university press that effectively contributes to research dissemination, academic dialogue, and national development.
During the courtesy visit, Dr. William Tayeebwa highlighted the milestones and ongoing projects at the Press. He spoke about the growing partnerships with institutions such as the University of Chicago Press, the University of California Press, and the African Books Collective, which have enhanced both local and international visibility of Makerere’s publications. “Why make a university press when you have Makerere University Press”, Dr. Tayeebwa said urging public universities to utilize MakPress. Dr. Tayeebwa also shared that the Press has republished several titles, launched new book projects, and developed a digital platform that enables readers to access and purchase books online. However, he pointed out a number of challenges affecting the Press’s operations, including inadequate funding, limited printing capacity at the university printery, and delays that often affect the timely release of publications. He further noted the difficulty of accessing generated funds due to bureaucratic procedures, space and infrastructure limitations, and the continued confusion between the roles of the Press and the printery. Despite these challenges, Dr. Tayeebwa reaffirmed the commitment of his team to strengthen Makerere University Press as a central pillar in advancing research dissemination and academic publishing.
Makerere University Retirement Benefit Scheme (MURBS) has presented its performance of Financial Year 2024/2025 to the sponsor, the University Council and other stakeholders on 21st of October in the Telepresence Centre, Senate building. MURBS which is a Mandatory Employer-Based Scheme was established by Makerere University under an irrevocable trust effective 1st April 2009 to provide retirement benefits to employees of Makerere University.
Council applauds MURBS Performance
In her remarks at the presentation, the Chairperson of the University Council, Mrs. Lorna Magara, commended the Scheme’s steady progress and reaffirmed the Council’s commitment to safeguarding staff welfare. She noted that MURBS has grown into a trusted, transparent, and professionally managed scheme that continues to strengthen confidence among staff. Mrs. Magara praised the Board of Trustees for their prudent management and governance, describing their work as not merely financial stewardship but the protection of the hopes and futures of Makerere families. She urged continued focus on member education, digital service delivery, and sustainable fund growth, emphasizing that the ultimate goal is to build a lasting legacy of trust and financial wellbeing for all university employees.
MURBS demonstrates liquidity and resilience amid a volatile economy
Representing the Vice Chancellor, the Deputy Vice Chancellor for Academic Affairs, Prof. Sarah Ssali, commended the Makerere University Retirement Benefits Scheme (MURBS) for its continued growth, accountability, and prudent management. She applauded the Scheme’s record fund value of UGX 475 billion and its unqualified audit opinion from KPMG, describing these milestones as clear evidence of transparency and sound governance. Prof. Ssali reaffirmed Makerere University’s full commitment as the Scheme’s sponsor, noting the progress made in clearing historical arrears and supporting MURBS operations. She praised the Board’s disciplined investment strategy—particularly its diversification into unit trusts and near-cash assets—which has enhanced liquidity and resilience amid a volatile economy. Highlighting MURBS as a model of good governance and accountability, Prof. Ssali emphasized that a reliable retirement scheme not only secures staff futures but also strengthens motivation, productivity, and institutional excellence.
Embrace digital transformation – URBRA urges
From Uganda Retirement Benefits Regulatory Authority (URBRA), the Manager Market Conduct, Mr. Mark Lotukei commended MURBS for its continued commitment to compliance, member education, and sectoral excellence. He highlighted that the Authority has been focusing its trainings on strengthening trustees’ capacity, with recent sessions covering strategic tax planning to help schemes minimize liabilities and safeguard members’ funds. Mr. Lotukei further announced upcoming trainings on benefits administration, stakeholder roles, and the contribution of pension funds to infrastructure and economic development. Emphasizing the evolving nature of the pension landscape, he urged trustees to embrace digital transformation, improve communication with members, and promote sustainable and innovative investment strategies. He concluded by reaffirming URBRA’s commitment to supporting MURBS and other schemes, assuring stakeholders of the Authority’s openness to continued collaboration and guidance.
Fund Value Hits Record UGX 475 billion
In his presentation on the performance, the Chairperson of the Board of Trustees, Dr. Michael Kizito, highlighted the Scheme’s continued growth, prudent financial management, and commitment to transparency. He reported that MURBS’ total assets had risen to UGX 475 billion, up from UGX 409 billion the previous year, reflecting strong investment performance and effective governance. Dr. Kizito commended the University management for timely remittances and reaffirmed the Board’s focus on sound risk management, diversification, and member satisfaction. He acknowledged the dedication of the trustees, staff, and service providers, noting that their collective effort has positioned MURBS for sustainable success. Looking ahead, he emphasized the Scheme’s intention to strengthen alternative investments and optimize operations to deliver even greater value to members and stakeholders.
The presentation of the performance of the scheme is one of the activities leading to the Annual General Meeting and it is done to management and the Sponsor of MURBS. The presentation, which attracted several key stakeholders including members of the University Council and representatives from Stanbic Bank and Old Mutual, concluded with an engaging question-and-answer session moderated by Dr. Deus Kamunyu Muhwezi. The session provided an opportunity for participants to seek clarity on the Scheme’s performance, governance practices, and investment strategies, fostering transparency and open dialogue between the MURBS leadership and its partners. MURBS is licensed by the Uganda Retirement Benefits Regulatory Authority (License No. RBS.0005).
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