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Leadership must be anchored in integrity-Mrs Kagina

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By Carol Kasujja Adii

The former Executive Director of the Uganda National Roads Authority (UNRA), Mrs Allen Kagina, has challenged leaders to exercise integrity not only in words but in action.

Mrs Kagina made the call on Friday 7th March during the 3rd Sarah Nyendwoha Ntiro annual public Lecture held at the School of Public Health Auditorium at Makerere University, where she delivered the keynote address.

The memorial lecture was held under the theme: “Pioneering change and transforming Institutions”

Sarah Ntiro was a trailblazer, a woman who defied societal norms and dedicated her life to advancing education and gender equality. Her story is not just one of personal triumph but a blueprint for how individuals can catalyze institutional and societal transformation.

Delivering her keynote speech, Mrs Kagina noted that when she took on the role of Executive Director at UNRA, she faced challenges because the institution was plagued by inefficiency, corruption and delayed projects, but with integrity and innovations, together with her team they rebuilt UNRA’s credibility.

“Leadership must be anchored in integrity because ethical leadership fosters a culture of accountability and transparency. As a leader, you must create an environment where people feel confident that decisions are made in the best interest of the institution and those it serves,” Mrs Kagina, said.

Mrs. Allen Kagina responds to a question during the panel discussion. 3rd Sarah Nyendwoha Ntiro Annual Public Lecture, theme: “Pioneering change and transforming Institutions”, Kenyote Speaker: Mrs. Allen Kagina, 7th March 2025, School of Public Health Auditorium, Makerere University, Kampala Uganda, East Africa.
Mrs. Allen Kagina responds to a question during the panel discussion.

Mrs Kagina narrated that in order to rebuild UNRA’s credibility, she had to take difficult decisions by removing corrupt and underperforming staff and ensured that the institution was staffed by competent and ethical professionals.

According to Mrs Kagina, no leader can succeed alone. Institutional transformation depends on the collective efforts of individuals committed to the same purpose.

“Investing in people through training, mentorship and empowerment creates a culture of ownership and innovation. When employees are engaged and valued, they become champions of change rather than passive participants,” Mrs Kagina, noted.

Using her leadership journey at Uganda Revenue Authority, Mrs Kagina explained that she learnt that effective leadership is the cornerstone of institutional transformation.

She told the audience that when she joined URA, the institution was struggling with corruption, inefficiency and lack of public trust, together with a small team, they restructured the organization by removing corrupt elements and enforcing transparency at every level something that changed URA’s image.

“We introduced technology to reduce human interference in tax collection. We fostered a culture of accountability and cooperation. These reforms were challenging but they ultimately restored URA’s credibility and set a new standard for public institutions in Uganda,” She pointed out.

Mrs. Lorna Magara (Centre) presents a plaque to Mrs. Allen Kagina (3rd Left) in appreciation of her keynote address. 3rd Sarah Nyendwoha Ntiro Annual Public Lecture, theme: “Pioneering change and transforming Institutions”, Kenyote Speaker: Mrs. Allen Kagina, 7th March 2025, School of Public Health Auditorium, Makerere University, Kampala Uganda, East Africa.
Mrs. Lorna Magara (Centre) presents a plaque to Mrs. Allen Kagina (3rd Left) in appreciation of her keynote address.

Drawing lessons from Ntiro’s life, Mrs Kagina, explained that although Ntiro’s journey was marked by numerous challenges, from systemic gender discrimination to societal resistance, she remained steadfast in her mission, demonstrating that resilience is essential for overcoming obstacles.

“Her ability to persevere, even when faced with seemingly insurmountable barriers, serves as a powerful reminder that change often requires enduring hardship with unwavering determination,” Mrs Kagina, said.

Mrs Kagina noted that one of Ntiro’s greatest legacies is the generation of women she inspired to pursue leadership roles.  Noting that by empowering others to lead, Ntiro ensured that her work would continue long after her time.

“Ntiro’s ability to articulate a compelling vision for a more equitable society was central to her success. She inspired others to believe in the possibility of change and to work toward it with passion and commitment. Her leadership demonstrates that a clear, inspiring vision is essential for mobilizing people and driving institutional transformation,” Mrs Kagina, said.

In her closing remarks, Mrs Kagina called upon those in leadership positions to emulate people like Ntiro who demonstrated resilience, advocacy and strategic reforms to transform even the most rigid systems.

Mrs. Lorna Magara addresses the congregation at the lecture. 3rd Sarah Nyendwoha Ntiro Annual Public Lecture, theme: “Pioneering change and transforming Institutions”, Kenyote Speaker: Mrs. Allen Kagina, 7th March 2025, School of Public Health Auditorium, Makerere University, Kampala Uganda, East Africa.
Mrs. Lorna Magara addresses the congregation at the lecture.

During the function, Mrs Lorna Magara, the Chairperson Makerere University Council, said that Ntiro’s story reminds people that true pioneers do not wait for change, they create it, look beyond existing limitations and imagine possibilities that others may not see.

“Mrs Kagina powerfully articulated that transformative leadership is not about being the first woman in the room, but ensuring you are not the last. When women lead with courage and vision, we do not just change organisations, we redefine the very essence of leadership,” Mrs Magara, said.

Mrs Magara, reminded students, researchers and leaders that every challenge they encounter should be treated as an opportunity to reimagine possibilities and shape the future.

Prof. Buyinza Mukadasi represented the Vice Chancellor, Prof. Barnabas Nawangwe. 3rd Sarah Nyendwoha Ntiro Annual Public Lecture, theme: “Pioneering change and transforming Institutions”, Kenyote Speaker: Mrs. Allen Kagina, 7th March 2025, School of Public Health Auditorium, Makerere University, Kampala Uganda, East Africa.
Prof. Buyinza Mukadasi represented the Vice Chancellor, Prof. Barnabas Nawangwe.

Representing the Vice Chancellor, Prof Barnabas Nawangwe, Deputy Vice Chancellor Academic Affairs/Academic Registrar, Prof Mukadasi Buyinza, pointed out that Ntiro’s story teaches generations that transformative change is not about grand gestures but consistent and principled action.

“Her story reminds us that progress is a collective endeavor. It requires individuals willing to challenge systemic barriers, sacrifice personal comfort and create pathways for those who follow. As we honor Ntiro’s memory, we are called to continue her work to pioneer change, transform institutions and build a more equitable future for Uganda and the African continent,” Prof Buyinza, said.

Prof. Sarah Ssali moderated the day's discussion on "Pioneering change and transforming Institutions". 3rd Sarah Nyendwoha Ntiro Annual Public Lecture, theme: “Pioneering change and transforming Institutions”, Kenyote Speaker: Mrs. Allen Kagina, 7th March 2025, School of Public Health Auditorium, Makerere University, Kampala Uganda, East Africa.
Prof. Sarah Ssali moderated the day’s discussion on “Pioneering change and transforming Institutions”.

Moderating the panel discussion, Prof. Sarah Ssali, the Dean, School of Women and Gender Studies Mrs. Allen Kagina her inspiring keynote speech. “Some of the points I kept hearing were reforms, integrity, teamwork, celebrating the pioneers on whose shoulders we stand and most interestingly, those who worked on the ecosystem to make it possible.”

She equally thanked the second panelist Mrs. Elizabeth Mushabe, a passionate gender equity and social justice advocate with over twenty years of experience in community systems strengthening, for richly contributing to the day’s discussion.

Prof. Sarah Ssali (Centre) with panelists; Mrs. Allen Kagina (Left) and Mrs. Elizabeth Mushabe (Right). 3rd Sarah Nyendwoha Ntiro Annual Public Lecture, theme: “Pioneering change and transforming Institutions”, Kenyote Speaker: Mrs. Allen Kagina, 7th March 2025, School of Public Health Auditorium, Makerere University, Kampala Uganda, East Africa.
Prof. Sarah Ssali (Centre) with panelists; Mrs. Allen Kagina (Left) and Mrs. Elizabeth Mushabe (Right).

Prof. Ssali highlighted two points for the audience to take keen note of in order to address social problems; one, the behavioural transformation that considers the empowerment we undergo as individuals and two, the structural transformation which addresses issues in the ecosystem.

“When you are talking about a girl being empowered to do very well, that is a behavioural approach, when you are talking about putting in place systems, and polices and laws that prevent teenage pregnancy and exploitation, you are talking about the structural thing. We need to operate in both ways and I hope that from the gallant ladies we have in this country, you have learnt how to address issues both behaviourally and structurally” Prof. Ssali counselled.

In her remarks, Dr Ruth Nsibirano, the head of the Gender Studies Department, urged Institutions to work towards inclusive and empowering education processes and practices.

Dr Ruth Nsibirano makes her remarks. 3rd Sarah Nyendwoha Ntiro Annual Public Lecture, theme: “Pioneering change and transforming Institutions”, Kenyote Speaker: Mrs. Allen Kagina, 7th March 2025, School of Public Health Auditorium, Makerere University, Kampala Uganda, East Africa.
Dr Ruth Nsibirano makes her remarks.

“As the Department of Women and Gender Studies, we take pride in Ntiro’s legacy. We use this day as a platform to celebrate achievements the women of Uganda have made and to stand for the global sisterhood as we advance gender equality and social inclusion,” Dr Nsibirano, said.

Ntiro at glance

Born in 1926 in Bunyoro, Ntiro grew up in a society where opportunities for women were severely limited, but she excelled academically and became the first East African woman to graduate from the University of Oxford in 1951.

Ntiro returned to Uganda and began her career as a teacher. She faced systemic gender discrimination, including being paid less than her male counterparts. In protest, she worked without pay, something which sparked national debate about gender equality.

Her advocacy for girls’ education was rooted in the belief that educated women could drive societal transformation. Her impact extended far beyond her immediate community. Her work laid the Foundation for a more inclusive and equitable education system in Uganda and across East Africa.  She inspired a generation of women to pursue leadership roles and challenged deeply ingrained gender norms.

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Mak Endowment Fund 3rd Board of Trustees Inaugurated

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Seated: Mrs. Lorna Magara (Centre) with Prof. Sarah Ssali (Left) and Dr. Margaret J. Kigozi (Right) with other officials (Standing) after inauguration of the 3rd MakEF Board on 23rd October 2025. The 3rd Board of Trustees of the Makerere University Endowment Fund (MakEF) officially inaugurated by Mrs. Lorna Magara, Chairperson of the University Council, 23rd October 2025, Council Room, Kampala Uganda, East Africa.

The 3rd Board of Trustees of the Makerere University Endowment Fund (MakEF) has been officially inaugurated in a ceremony presided over by Mrs. Lorna Magara, Chairperson of the University Council on 23rd October 2025, and moderated by the Secretary to the Board, Mr. Emmanuel Kitamirike

In her address, Mrs. Magara commended the outgoing board, led by Dr. Margaret J. Kigozi, for their remarkable stewardship that saw the Fund grow from UGX 8.66 billion in 2021 to UGX 14.54 billion in 2025. She underscored the Endowment Fund’s vital role in ensuring the University’s financial sustainability amidst fluctuating public funding, reaffirming the Council’s commitment to providing policy and institutional support. Mrs. Magara further urged the incoming Board to uphold transparency, strengthen alumni engagement, and pursue innovative investment strategies to expand the Fund’s impact as Makerere continues to build for the future.

Mrs. Lorna Magara addresses the meeting. The 3rd Board of Trustees of the Makerere University Endowment Fund (MakEF) officially inaugurated by Mrs. Lorna Magara, Chairperson of the University Council, 23rd October 2025, Council Room, Kampala Uganda, East Africa.
Mrs. Lorna Magara addresses the meeting.

Board composition

The newly inaugurated 3rd Board of Trustees (2025–2029) brings together a team of distinguished professionals whose expertise spans business, academia, finance, governance, and social advocacy. Notably, some members have been reappointed in recognition of their exceptional service and contribution to the Fund’s growth during the previous term. The Board is chaired by Dr. Margaret J. Kigozi, a seasoned business leader and former Executive Director of the Uganda Investment Authority (UIA). She is joined by accomplished members including Ms. Jennifer Mwijukye, CEO and founder of Unifreight Cargo Handling Limited; Mr. Ninsiima John Chris, Director of Programmes at NUDIPU and member of the Makerere University Council; Mr. Kenneth Mugambe, former Director of Budget at the Ministry of Finance; Prof. Buyinza Mukadasi, Makerere University’s Academic Registrar and Professor of Forestry Resource Economics; and Mr. Sam Ayesiga, a governance and investment expert with vast experience across Africa. Their diverse backgrounds and renewed commitment are expected to steer the Fund toward even greater stability, innovation, and impact in the years ahead.

Representing the Vice Chancellor, Deputy Vice Chancellor for Academic Affairs, Prof. Sarah Ssali, commended the outgoing Board of Trustees of the Makerere University Endowment Fund for their exceptional service marked by growth, innovation, and accountability. She noted that the growth of the fund to UGX 14 billion is a clear testament to strategic vision, prudent management, and confidence in Makerere University’s long-term sustainability. Prof. Ssali praised the Board for initiatives that have united thousands of alumni, staff, and partners, notably through the Makerere Run, which has supported disability inclusion and empowerment.

The Acting Vice Chancellor Prof. Sarah Ssali. The 3rd Board of Trustees of the Makerere University Endowment Fund (MakEF) officially inaugurated by Mrs. Lorna Magara, Chairperson of the University Council, 23rd October 2025, Council Room, Kampala Uganda, East Africa.
The Acting Vice Chancellor Prof. Sarah Ssali.

She also recognized the introduction of the MakAdvance digital platform as a milestone in promoting efficiency and transparency. She welcomed the incoming Board, and challenged the new team to grow the Fund beyond UGX 25 billion through deeper engagement, innovative fundraising, and stronger partnerships. She reaffirmed Management’s commitment to supporting the Fund within robust governance frameworks that inspire stakeholder confidence, emphasizing the shared vision of building a financially resilient Makerere University.

During the handover ceremony, Dr. Margaret J. Kigozi, the Chairperson, reflected on the remarkable progress achieved under the 2021–2025 term, noting the Fund’s growth from UGX 8.66 billion to UGX 14.54 billion — a 68% increase despite global economic challenges. She highlighted key milestones including the institutionalization of the Makerere Run, establishment of the Makerere Gift and Souvenir Shop, launch of The Legacy e-newsletter, and the creation of the Jawaher Fund for the Advancement of Women’s Education, supported by NAMA Establishment in the UAE. Dr. Kigozi expressed gratitude to the outgoing Trustees and reaffirmed her commitment, alongside the new Board, to advance transformative projects such as the construction of the Makerere University Students’ Centre and development of the Makindye land. She emphasized that the Fund’s goal remains to build a financially sustainable Makerere University capable of supporting innovation, research, and academic excellence for generations to come.

Mrs. Lorna Magara (Right) with Dr. Margaret J. Kigozi and her award for her previous tenure as Chairperson. The 3rd Board of Trustees of the Makerere University Endowment Fund (MakEF) officially inaugurated by Mrs. Lorna Magara, Chairperson of the University Council, 23rd October 2025, Council Room, Kampala Uganda, East Africa.
Mrs. Lorna Magara (Right) with Dr. Margaret J. Kigozi and her award for her previous tenure as Chairperson.

At the inauguration, the Deputy Vice Chancellor in charge of Finance and Administration, Prof. Winston Tumps Ireeta underscored the Fund’s central role in ensuring Makerere’s financial sustainability and institutional legacy. He described the Endowment Fund as a cornerstone of the University’s vision—an instrument through which Makerere secures its future, strengthens its independence, and sustains strategic investments in teaching, research, and innovation. He extended heartfelt appreciation to the outgoing Board, chaired by Dr. Margaret J. Kigozi, for their dedicated service and strong leadership that fortified the Fund’s governance, fundraising, and asset management.

Welcoming the new Board, he congratulated the members on their appointment and urged them to continue expanding and mobilizing resources with integrity and innovation. He reaffirmed his office’s commitment to providing administrative and financial support to ensure that the Fund thrives beyond annual budgetary constraints, contributing meaningfully to Makerere’s vision of becoming a research-led, financially resilient, and globally respected institution.

The Makerere University Endowment Fund (MakEF) was established to secure the University’s financial sustainability by mobilizing, investing, and managing resources to support its core functions of teaching, research, and innovation. Originating from donations made as early as the 1930s, the Fund has evolved into a strategic vehicle that aims to reduce dependence on public funding. It is governed by a Board of Trustees appointed by the University Council, responsible for overseeing investments and resource mobilization. Through initiatives like alumni engagement, digital giving, and events such as the Makerere Run, the Fund continues to grow and strengthen Makerere’s vision of being a research-led and financially resilient institution.

Eve Nakyanzi

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First Deputy Vice Chancellor Prof. Sarah Ssali courtesy visit to MakPress

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Prof. Sarah Ssali and Dr. William Tayeebwa together with staff show off some of MakPress' publications during the visit on 21st October 2025. First Deputy Vice Chancellor in charge of Academic Affairs, Prof. Sarah Ssali visits Makerere University Press (MakPress), which she visited today on 21st of October 2025, Kampala Uganda, East Africa.

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.

Prof. Sarah Ssali (2nd Right) flanked by Left-Right: Mr. Matthias Ssemanda, Prof. Julius Kikooma, Dr. William Tayeebwa and Ms. Eunice Rukundo signs the MakPress Visitors' Book. First Deputy Vice Chancellor in charge of Academic Affairs, Prof. Sarah Ssali visits Makerere University Press (MakPress), which she visited today on 21st of October 2025, Kampala Uganda, East Africa.
Prof. Sarah Ssali (2nd Right) flanked by Left-Right: Mr. Matthias Ssemanda, Prof. Julius Kikooma, Dr. William Tayeebwa and Ms. Eunice Rukundo signs the MakPress Visitors’ Book.

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.

Dr. William Tayeebwa (R) autographs a copy of the Centennial Publication "Makerere's Century of Service to East Africa and Beyond" for Prof. Sarah Ssali (Right). First Deputy Vice Chancellor in charge of Academic Affairs, Prof. Sarah Ssali visits Makerere University Press (MakPress), which she visited today on 21st of October 2025, Kampala Uganda, East Africa.
Dr. William Tayeebwa (R) autographs a copy of the Centennial Publication “Makerere’s Century of Service to East Africa and Beyond” for Prof. Sarah Ssali (Right).

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.

Dr. William Tayeebwa (3rd R) gestures during MakPress Staff interaction with the DVCAA. First Deputy Vice Chancellor in charge of Academic Affairs, Prof. Sarah Ssali visits Makerere University Press (MakPress), which she visited today on 21st of October 2025, Kampala Uganda, East Africa.
Dr. William Tayeebwa (3rd R) gestures during MakPress Staff interaction with the DVCAA.

Eve Nakyanzi

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MURBS celebrates growth in FY2024/25 performance

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Left to Right: Prof. Sarah Ssali, Mrs. Lorna Magara, Dr. Michael Kizito and Mr. Mark Lotukei at the presentation of MURBS FY2024/2025 performance on 21st October 2025. Makerere University Retirement Benefit Scheme (MURBS) presents performance of Financial Year 2024/2025 to the sponsor, the University Council and other stakeholders, 21st October 2025, Telepresence Centre, Senate building, Kampala Uganda, East Africa.

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.

Mrs. Lorna Magara. Makerere University Retirement Benefit Scheme (MURBS) presents performance of Financial Year 2024/2025 to the sponsor, the University Council and other stakeholders, 21st October 2025, Telepresence Centre, Senate building, Kampala Uganda, East Africa.
Mrs. Lorna Magara.

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.

Prof. Sarah Ssali. Makerere University Retirement Benefit Scheme (MURBS) presents performance of Financial Year 2024/2025 to the sponsor, the University Council and other stakeholders, 21st October 2025, Telepresence Centre, Senate building, Kampala Uganda, East Africa.
Prof. Sarah Ssali.

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.

Mr. Mark Lotukei. Makerere University Retirement Benefit Scheme (MURBS) presents performance of Financial Year 2024/2025 to the sponsor, the University Council and other stakeholders, 21st October 2025, Telepresence Centre, Senate building, Kampala Uganda, East Africa.
Mr. Mark Lotukei.

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.

Dr. Michael Kizito. Makerere University Retirement Benefit Scheme (MURBS) presents performance of Financial Year 2024/2025 to the sponsor, the University Council and other stakeholders, 21st October 2025, Telepresence Centre, Senate building, Kampala Uganda, East Africa.
Dr. Michael Kizito.

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).

Eve Nakyanzi

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