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Oral Folklore lights up 3rd Mak-NUFU Project seminar

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The MAK-NUFU Folklore Project has since 2008 held an annual seminar/symposium on on-going research. These seminars have been instrumental in motivating researchers to publish their works. The outcome of the first workshop has already been published in a book, Performing Community that was launched early last year.

The MAK-NUFU Folklore Project has since 2008 held an annual seminar/symposium on on-going research. These seminars have been instrumental in motivating researchers to publish their works. The outcome of the first workshop has already been published in a book, Performing Community that was launched early last year.

As such, the Third Seminary that brought together folklore researchers and performers from the various genre of oral performance was held from 23rd – 24th January 2010 in the Women and Gender Studies L-R Sr. D. Dipio, Dr. J. Busimba Tabu, Lecturer Dept. of Literature and Ass. Prof. B. Rukooko, Dean, Faculty of ArtsConference Hall, Makerere University. The Vice-Chancellor was represented by the newly-elected Dean, Faculty of Arts, Associate Prof. Byaruhanga Rukooko.

The first session kicked off with a paper presented by Dr. Okello-Ogwang; Popular Song: Reinventing Tradition versus Traditionalizing Modernity. This was shortly followed by presentation by Ms. Lillian Bukaayi titled The ogre in Soga folk narratives and its manifestations among human beings in today’s Soga society. This paper sought to examine the resemblance of the ogre in folk narratives to its manifestations through human monstrous acts in society today, especially those targeted at helpless women and children. Some of the issues raised during this session examined the role of Technology in the conservation of culture, which although admitted that modern technology was playing an active role in conserving culture, it was also as easily undermining efforts to protect Intellectual Property Rights of the authors and artists.

Ms. Namayanja Saidah in her paper Myth or Legend; an analysis of the Ganda and Gishu Origin stories, which seeks to classify these stories as either myths or legends depending on the strength in characteristic of genre in relation to the stories then kicked off the second session. The presenter couldn’t help but notice that the fantastical nature of these stories in addition to the mystical and supernatural events surrounding them would mostly make them myths. This is not helped by the fact that often, fantasy is more of a creative process of telling these stories.

Riddling as a popular form: The interplay between structure, audience and context was the next paper presented by Cornelius Wambi Gulere. He observes that with riddling as a popular form of art, social order is often reversed and ordinary people sometimes without social status, take centre stage to instruct and delight groups and communities. With riddling, audience members are motivated by being able to contribute freely to the unraveling without being shunned, as almost everyone is involved during the un-riddling.

Participants in the 3rd Mak-NUFU Folklore Project Seminar, Jan 2010

 

Ms. Emily Drani from the Cross-Cultural Foundation of Uganda (CCFU) then made her  presentation. CCFU is a non-governmental organization focused on practically appreciating Uganda’s heritage by examining how our presentations or findings during seminars such as this one apply to our daily lives. Areas that CCFU is engaged in include; Culture and Development, where research and documentation is carried out of cases, where culture has made a positive contribution to society; Managing Diversity, which tries to appreciate that we are unique as the different tribes of Uganda and examines how each of us can contribute to forge a common identity as Ugandans without discrimination, and Heritage, which takes note of how we appreciate and preserve our heritage of what we collectively own as Ugandans.

The afternoon played host to the third session of the seminar, where Dr. Okot Benge presented his paper on Justice and Confilict resolution in Acoli Oral Literature. He noted that as a musical people, the Acoli often expressed themselves in song, whatever the circumstance, be it war, merry making, celebrating childbirth, mourning, storytelling.

Sr. Dominic Dipio then presented her paper on Traditional Leadership Wisdons and their Contemporary Parallels: An Example of the Madi of Uganda, which is a follow-up of her earlier paper on morals of traditional leadership. The research intends to focus on a number of key paramount chiefs, who were popular leaders of their time and what made them popular. The Madi practiced leadership in a decentralized egalitarian community, where the Opi (Chief) was often referred to by reverent names such as Ajugo (Owner of the Spear), albeit approachable by any member of the society for purposes of mediation of conflicts.

Humanities for a Social Purpose: Reflections on the Potential Role of African Oral Literature in Fighting HIV/AIDS was the next paper presented by Mr. Danson Kahyana. The paper argues that the curriculum and pedagogy of humanities in African Universities need to be revisited so that these subjects serve a social purpose rather than being taught for the sake of merely passing on theoretical knowledge.

Dr. Susan Kiguli opened session four of day two with her paper on Exploring the Music: Audience Perspectives on the Music Festival Phenomenon in Buganda. This third phase of the research will examine audience perspectives on the Central Broadcasting Service (CBS) Music festivals which were held twice annually until the government closure of the radio station in September, 2009. This work is a continuation of previous research on musical festivals as major commemorative events that promote and celebrate cultural identity among the Baganda. The research will focus on how audiences perceive and respond to the festivals as cultural events and the impact of their responses to appreciation of song.

As one delves deeper into proverbs as the repository of indigenous knowledge, it becomes clear that in order for one to fully appreciate the wisdom behind proverbs, one needs to understand the contexts within which some of them come into existence, or within which they are embedded. In this part of his research, Dr. Khamalwa Wotsuna in his paper The “Embeddedness” of Proverbs in Folktales focused on the collection of these folktales as a sequel and a necessary nexus to the proverbs, and discussion of their deeper and remote meanings with key informants.

The screening of Folklore in Animation film consisted the fifth session of seminar day-two. In a title “IT IS THE LAW” written by Sr. Dominic Dipio based on an Acholi folktale, participants were left both mesmerized and appreciative that efforts to conserve folklore had now integrated the avenue of digital animation.
 

 

Participants watch keenly as Folklore is brought to life through Animation

As the seminar drew to a finale, Dr Lene Johannessen led participants in a discussion on the way forward, which emphasized the need for a project website to showcase all the findings of the project along with all Dr. Lene Johannessen displays a copy of the newly launched bookpapers presented thus far. The project will conclude with an International Conference to be held at Makerere University.

In his remarks, the Chief Guest, Prof. Oswald Ndoleriire thanked The Department of Literature staff and Sr. Dipio in particular for their incessant efforts in producing and promoting oral literature, films, productions and papers aimed at promoting Ugandan folklore. He also thanked Dr. Lene, all her efforts towards the success of the project. He then proceeded to officially launch the book titled Performing Change: Identity, Ownership and Tradition in Ugandan Oral Culture, the second collection of essays produced by scholars from Makerere University, as part of a continuing research project with the University of Bergen.

Click here to view detailed Abstracts

Click here to view full CCFU presentation 

Prof Oswald Ndoleriire (2nd L) presents a gift to Dr. Lene (sitted) as Dr. Okello-Ogwang (2nd R) and Sr. Dominic Dipio(R) look on

Mark Wamai

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Prof. Nawangwe calls for Increased Government Sponsorship for Students with Disabilities

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Prof. Barnabas Nawangwe addressing the gathering during the International Day for Persons With Disabilities commemoration. Office of the Dean of Students and the 90th Students' Guild-Ministry of Students with Disabilities inaugural International Day of Persons with Disabilities commemoration, 13th November 2024, Yusuf Lule Central Teaching Facility Auditorium, Makerere University, Kampala Uganda, East Africa.

By Mak Communication Team

The Vice Chancellor, Prof. Barnabas Nawangwe, while speaking at the inaugural commemoration of the International Day for Persons with Disabilities at Makerere University has appealed to the Government to increase the number of students with disabilities on government sponsorship.

The event held on Wednesday, 13th November 2024 was organised by the Office of the Dean of Students and the 90th Students’ Guild-Ministry of Students with Disabilities and held in the Yusuf Lule Central Teaching Facility Auditorium.

Part of the audience, listening attentively during the event. Office of the Dean of Students and the 90th Students' Guild-Ministry of Students with Disabilities inaugural International Day of Persons with Disabilities commemoration, 13th November 2024, Yusuf Lule Central Teaching Facility Auditorium, Makerere University, Kampala Uganda, East Africa.
Part of the audience, listening attentively during the event.

The day’s theme was: “Empowering Inclusion: Breaking Barriers, Unlocking Potential”

“Students with disabilities should be the first to be admitted on Government sponsorship because there are not so many,” Prof. Nawangwe said.

Hon. Hellen Asamo, signing a commitment card to continue supporting inclusivity at Makerere University and the country as a whole. Office of the Dean of Students and the 90th Students' Guild-Ministry of Students with Disabilities inaugural International Day of Persons with Disabilities commemoration, 13th November 2024, Yusuf Lule Central Teaching Facility Auditorium, Makerere University, Kampala Uganda, East Africa.
Hon. Hellen Asamo, signing a commitment card to continue supporting inclusivity at Makerere University and the country as a whole.

 Prof. Nawangwe called upon the government to devise a scheme and policy for integrating students with disabilities into the working environment after graduation.

Prof. Nawangwe noted that the University has established a Disability Support Centre, a one-stop facility to ensure equal access to education and life, promote inclusivity, and support students and staff with disabilities.

Prof. Nawangwe handing over a gift to the Chief Guest, Hon Asamo. Office of the Dean of Students and the 90th Students' Guild-Ministry of Students with Disabilities inaugural International Day of Persons with Disabilities commemoration, 13th November 2024, Yusuf Lule Central Teaching Facility Auditorium, Makerere University, Kampala Uganda, East Africa.
Prof. Nawangwe handing over a gift to the Chief Guest, Hon Asamo.

“Over the years, Makerere University has branded itself as a place that actively and loudly promotes increased awareness about the rights and needs of students and staff with disabilities.” Prof. Nawangwe remarked.

While addressing the gathering, the Chief Guest, Hon. Hellen Grace Asamo, the State minister for Disability Affairs, called upon Persons with Disabilities to always believe in themselves and be able to break the barriers of the inferiority complex.

One of the students with disability receiving an award for being supportive to other students with disabilities. Office of the Dean of Students and the 90th Students' Guild-Ministry of Students with Disabilities inaugural International Day of Persons with Disabilities commemoration, 13th November 2024, Yusuf Lule Central Teaching Facility Auditorium, Makerere University, Kampala Uganda, East Africa.
One of the students with disability receiving an award for being supportive to other students with disabilities.

“You have to show people that you have the potential, and when people get to know your potential, they will begin to include and engage you. But if you do not have your potential, nobody will include you. They will think you are just someone who is just there seated and begging,” Hon. Asamo noted.

In her welcome remarks, Dr. Winifred Kabumbuli, the Dean of Students at Makerere University, said that the University is making a deliberate effort to pay particular attention to the decisive implementation of inclusive Policies and Practices.

Dr. Kabumbuli, receiving the award on behalf of the VC, as recognition for the efforts the university was making towards inclusivity. Office of the Dean of Students and the 90th Students' Guild-Ministry of Students with Disabilities inaugural International Day of Persons with Disabilities commemoration, 13th November 2024, Yusuf Lule Central Teaching Facility Auditorium, Makerere University, Kampala Uganda, East Africa.
Dr. Kabumbuli, receiving the award on behalf of the VC, as recognition for the efforts the university was making towards inclusivity.

“This is where we want all people to thrive and grow. Therefore, we are proud to accept and celebrate our differences and uniqueness. We welcome you here to build a culture of active support for each other and to declare that by championing a conducive environment for students and staff with disability, we are part of the change-makers of today,” Dr Kabumbuli said.

Dr. Kabumbuli also highlighted several policies the University has implemented, such as the Policy for Persons with Disabilities and safeguarding, Accommodation policy, University rules and regulations, the Human resource manual, and the student guild constitution that provides inclusive participation in student leadership and admission policies.

Prof. Justine Namaalwa, the Program Director of Mastercard Foundation Scholars Program receiving the award on behalf of the Team. Office of the Dean of Students and the 90th Students' Guild-Ministry of Students with Disabilities inaugural International Day of Persons with Disabilities commemoration, 13th November 2024, Yusuf Lule Central Teaching Facility Auditorium, Makerere University, Kampala Uganda, East Africa.
Prof. Justine Namaalwa, the Program Director of Mastercard Foundation Scholars Program receiving the award on behalf of the Team.

“These policies protect and enhance the rights of both staff and students with disabilities. For example, we have a student guild minister for persons with disabilities to ensure their voices are heard,” Dr. Kabumbuli noted.

Makerere has directed attention to ensuring accessible and comfortable accommodations for students with Disabilities by having designated accessible hostels and rooms. The University provides salaries, lodging, and meals for helpers who assist students with disabilities. A concentrated effort is also being made to build ramps, elevators, and accessible pathways to facilitate navigation for students and staff.

A panel of experts discussing the issues affecting PWDs and how to mitigate them. Office of the Dean of Students and the 90th Students' Guild-Ministry of Students with Disabilities inaugural International Day of Persons with Disabilities commemoration, 13th November 2024, Yusuf Lule Central Teaching Facility Auditorium, Makerere University, Kampala Uganda, East Africa.
A panel of experts discussing the issues affecting PWDs and how to mitigate them.

According to Dr Kabumbuli, the University has embraced a drive to facilitate students’ access to assistive devices, including wheelchairs, white canes, brailling machines, hearing aids, etc.

“As part of our commitment to inclusivity and accessibility, the University has designated a specialized space within the library, equipped with assistive technologies and resources, specifically for students with disabilities to ensure equal access to knowledge and academic success for all. We have also put in place special arrangements, such as extra time during examinations to enable access to education,” Dr Kabumbuli said.

Hon. Minister representing students with disabilities on the students' guild addressing the audience. Office of the Dean of Students and the 90th Students' Guild-Ministry of Students with Disabilities inaugural International Day of Persons with Disabilities commemoration, 13th November 2024, Yusuf Lule Central Teaching Facility Auditorium, Makerere University, Kampala Uganda, East Africa.
Hon. Minister representing students with disabilities on the students’ guild addressing the audience.

Dr. Kabumbuli acknowledged the support from the Mastercard Foundation Scholars Program, the Ministry of Gender, and the School of Law, which are committed to championing diversity, inclusion, and equity for People with Disabilities.

The International Day of Persons with Disabilities is celebrated annually on December 3rd to raise awareness and support for people with disabilities worldwide.

The Commemorative card that was signed by guest as commitment to supporting inclusivity at Makerere University. Office of the Dean of Students and the 90th Students' Guild-Ministry of Students with Disabilities inaugural International Day of Persons with Disabilities commemoration, 13th November 2024, Yusuf Lule Central Teaching Facility Auditorium, Makerere University, Kampala Uganda, East Africa.
The Commemorative card that was signed by guest as commitment to supporting inclusivity at Makerere University.

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The 3rd Fundis and Technicians sensitization event and exhibition held successfully

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The 3rd annual Fundis and Technicians sensitization event and exhibition by manufacturers of building materials organized by the Department Architecture and Physical Planning at the College of Engineering, Design, Art and Technology (CEDAT), Makerere University came to a close with a call for increased partnerships between training institutions and the community.

The event that attracted 200 participants including masons, fundis, painters, builders, metal and electrical fabricators ran from Thursday 24th to Friday 25th October 2024 at CEDAT. It was supported by several stakeholders and was characterized by training sessions and an exhibition of building materials by different companies that make cement, paint, water tanks tiles and many more.

Prof. Henry Alinaitwe, the Deputy Vice Chancellor in charge of Finance and Administration, Makerere University.

Prof. Henry Alinaitwe, the Deputy Vice Chancellor in charge of Finance and Administration represented the Vice Chancellor, Prof. Barnabas Nawangwe at the opening of the training. In his remarks, he extended appreciation to the technicians for accepting to take part in the training which he said was key in ensuring that they gain from continuous learning. Prof. Alinaitwe observed that although some of them did not get through formal training, it was important that they took part in such training programs to keep abreast of the developments in the construction industry where they undertake the bulk of the work as masons, technicians, plumbers, and metal fabricators.

‘Keep improving, we need to up our game in terms of quality’, he said while making reference to the need for quality output.  He cautioned them on issues of cost and cheating of their clients by making realistic costs.  ‘We need to cost the work well taking into account the materials, the labor, the equipment used, and the overheads’.  The other area that needed to be taken care of by the technicians included time management, which reflects on attitudes towards work, team work.   While addressing the gathering in his capacity as Chairman of the Engineers Registration Board, Prof. Alinaitwe said the upcoming engineering Registration Bill, if approved, has a provision for the registration of all artisans and hence the need to have the minimum requirements for the stakeholders to be registered. He also stressed the need to bring on board as more women as possible.  ‘We want to see more women, who can do some aspects in construction better than men like painting.

Prof. Moses Musinguzi, the Principal of the College of Engineering, Design, Art and Technology, Makerere University.

Prof. Moses Musinguzi, the Principal of the College of Engineering, Design, Art and Technology while welcoming the trainees to the college said the training is a good initiative that will help address challenge of skill and work match.  He encouraged the trainees to do smart work, and take due consideration of ethics and customer care. He encouraged the department to extend the training opportunity to other units of the college and the university and also make it more formal, as part and parcel of the training program of the college in liaison with bodies like UBTEB.

Assoc. Prof. Kizito Maria Kasule, the Deputy Principal CEDAT while appreciating the initiative of the department said countries like Germany have apprenticeship training that help the training of students to gain skills equivalent to those acquired while in formal institutions of learning.  He said the academia in Uganda is increasingly recognizing the importance of the informal sector in the growth of the country. ‘We need to learn from you. Almost 90% of the people in the construction industry have been informally trained’. He said by learning from each other, the two sectors jointly make a contribution towards the development of the country.

Dr. Amin Tamale Kiggundu, the head of the Department of Architecture and Physical Planning said the initiative, a community outreach program of the college started three years ago in the year 2022 with 60 Fundis and masons, in 2023, the number was increased to 120 Fundis and the current 2024, was 200 Fundis of various categories, including painters, builders, metal fabricators, plumbers and electrical fabricators. He said this community outreach program aims at sharing the accumulated scientific knowledge in building, design and construction technologies at CEDAT, sharing the expertise, knowledge and experiences with communities in greater Kampala and hence bridging the existing knowledge and skills gap between the training institutions and the communities.

Dr. Amin Tamale Kiggundu, the head of the Department of Architecture and Physical Planning, Makerere University

The 21st century is characterized by collaboration, partnerships, and establishment of knowledge economies.  He said based on the trainings held so far, it is clear that partnerships between the training institutions and the communities were possible especially the Fundis who are closer to the communities. ‘We also want to learn from the Fundi’s experiences, how they are able to connect to the communities in some cases better than those who have gone through the training institutions’, he said. He further noted that the majority of fundis are young people that need to be supported with skills and other ways of nurturing them. The dream of the department, he said is to introduce an open door policy that allows fundis and other university students to come to learn.  

Several organizations supported the event and participated in the exhibition and they included Habitat for Humanity, Uganda, Green Building Council Uganda, The National Building Board, Uganda Clays Limited, Centenary Bank, Steel and Tube Industries Ltd, Simba Cement, Plascon, Goodwill, Cresttanks among others.

Alex Isemaghendera

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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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