The Makerere University Retirement Benefits Scheme (MURBS) Board of Trustees (BoT) on Friday 26th March, 2021 inaugurated two new members to replace those whose terms are set to expire on 31st March 2021. Makerere University Administrative Staff Association (MASA) representative Ms. Dorothy Nannozi Kabanda will be replaced by Ms. Franco Angida Mugyema while the National Union of Education Institutions (NUEI)’s Mr. John Peter Okello will be replaced by Mr. Joseph Ikarokok.
The two will join existing BoT Members; Dr. Godwin Kakuba (current Chairperson), Mr. Wilber Grace Naigambi (Current Secretary) and Mr. William Ndoleriire (University Council Nominee). Dr. Kakuba joined the current Board as Makerere University Academic Staff Association (MUASA) representative in the place of Dr. John Kitayimbwa who retired from University Service. He remains eligible to serve on the incoming BoT’s term which will run from 1st April 2021 to 31st March 2025.
Welcoming the audience, Mr. Naigambi said that change in leadership of the BoT occurs every four years as mandated by Clause 7 of the MURBS Trust Deed dated 17th April 2015. He added that the handover was in line with Uganda Retirement Benefits Regulatory Authority (URBRA) Act provisions of service for Trustees (not exceeding four years but subject to renewal for a maximum of two terms).
He recognized the presence of the URBRA Director Legal-Mrs. Ritah Nansasi Wasswa who represented the CEO Mr. Martin Nsubuga, Ag. Deputy Vice Chancellor (Finance and Administration)-Dr. Josephine Nabukenya as well as Council Members-Dr. Tumps Ireeta, Dr. Helen Nambalirwa Nkabala and Mr. Jackson Byamukama. Also recognized were the Principal College of Engineering, Design, Art and Technology (CEDAT)-Prof. Henry Alinaitwe, Chair MUASA-Dr. Deus Kamunyu Muhwezi, Chair MASA-Mr. Vincent Abigaba, Chair NUEI-Mr. Bruce Twesigye, College Ambassadors as well as MURBS Service Providers. These included; Stanbic Bank, Octagon Africa, GenAfrica Asset Managers, ICEA Uganda and Arcadia Advocates.
The Chairperson BoT in his remarks thanked the audience for attending the handover ceremony, which signified their interest in MURBS’ vision to deliver “outstanding service and retirement security for members – today and tomorrowâ€. He thanked the outgoing BoT Members for working tirelessly and efficiently to ensure that the Scheme’s vision is realized.
“When the outgoing Board of Trustees took over in 2017, our fund value stood at UGX 140 Billion and today, it stands at over UGX 210 Billion. The outgoing Board has added almost half of the standing value of the fund and I thank our Sponsor Makerere University and all our service providers for this achievement†Dr. Kakuba commended.
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