BOARD OF DIRECTORS
Mr. Henry Balwanyi Magino
Board Chairman
Mr. Henry Balwanyi Magino is an Advocate of the High Court of Uganda and a Member of the Chartered Governance Institute (ICSA London). He holds a Bachelor of Laws (LLB Hons) from Makerere University and a Postgraduate Diploma in Legal Practice from the Law Development Centre.
With over 20 years of senior corporate experience, he has served as Company Secretary for major organisations including British American Tobacco Uganda (8 years), National Medical Stores (3 years), National Housing & Construction Company Limited (7 years), Entebbe Handling Services, and Roko Construction. He previously served as Board Member and Chairman of the Audit & Risk Committee at Uganda Development Bank (2015–2023) and is currently a Non-Executive Board Member of Arrow Security Services Limited. He maintains a private legal practice with Asire & Company Advocates. He brings expertise and experience in corporate governance, risk management, legal compliance, and board oversight.
Ms. Florence N. Kuteesa
Board Member
Ms. Florence N. Kuteesa is an economist with four decades of service dedicated to better management of public funds (PFM), largely in domains related to strategic planning, public policy, public sector budgeting plus gender and equity. She is currently serving as an independent consultant in PFM and a member of PFM Advisory Group of UK based ODI Global. Prior, she engaged in PFM related diagnostic work and delivery of technical assistance to low developing countries during her service with both Fiscal Affairs Department in the International Monetary Fund (2007-2016) and Price Water House Coopers, Nairobi (2005 – 2026). Read More She has a track record of 21 years as a Ugandan civil servant – rising to the level of Director Budget and serving on several public boards (1983-2004). She was instrumental in establishment of a Collaborative African Budget Reform Initiative (CABRI) – a network of budget officials in Africa and continues to influence PFM reforms in Anglophone counties in Africa. She holds a master’s degree in human resource development from University of Manchester in UK, and a Hubert Humphrey fellowship in strategic planning and public policy from University of Texas at Austin in USA.
Prof. Irene Nalukenge
Board Member
Prof. Irene Nalukenge is Associate Dean of the Faculty of Commerce and Associate Professor of Accounting at Makerere University Business School. She holds a PhD (Makerere University, 2018), MSc in Accounting and Finance, Bachelor of Commerce (First Class), and is a Certified Public Accountant (Uganda) and ACCA member.
With over 20 years of teaching and research experience, she specialises in Financial Accounting, Management Accounting, Public Sector Accounting, and Taxation. Read More
Mr. Moses Zziwa
Board Member
Mr. Moses Zziwa is a seasoned economist and former Commissioner of Finance and Planning at Uganda’s Ministry of Finance, Planning and Economic Development. He served in the Ministry for over 35 years, rising through the ranks from Finance Officer to Senior Economist, Principal Economist, Assistant Commissioner, and Commissioner. In his successive roles at the Ministry, he contributed directly to fiscal strategy formulation, debt sustainability analysis, borrowing policy, and the management of Uganda’s public debt portfolio. Read More
He holds a Master of Arts in Economic Policy and Planning and a Bachelor of Science in Economics, both from Makerere University. He also holds specialised certifications in: Public Debt Management (Pretoria, South Africa, February 2020); Debt Sustainability Framework for Low-Income Countries and Medium-Term Debt Management Strategy (MTDS) (IMF–World Bank Joint Training, Vienna, Austria, August 2019). Read More
Since 2017, he has served as Board Member of the Uganda Registration Services Bureau and Chairperson of its Board Finance Committee. He retired from public service in March 2025.
Martin Anthony Nsubuga
Chief Executive Officer/ Ex officio
Martin Anthony Nsubuga is the URBRA Chief Executive Officer (CEO). He is a Financial Economist, with over 25 years of expertise in financial analysis, pension reform, and public debt management. He is a Fellow of the Association of Certified Chartered Accountants (FCCA) and a member of the Certified Public Accountants Uganda (CPAU). He holds a Master of Management Studies in Financial Management (First Class honors) from the Uganda Management Institute and a B.Sc. in Economics (Honours) from Makerere University. He is also a Fellow of the Macroeconomic and Financial Management Institute (MEFMI) of East and Southern Africa.
Throughout his career, Mr. Nsubuga has achieved significant milestones in sector transformation and national policy development. He was instrumental in drafting the URBRA Act (2011) and the Public Debt Management Framework (2013). Read More
At the international level, he served two terms as an Executive Committee Member of the International Organization of Pension Supervisors (IOPS) and chaired the East African Pension Supervisors Association (EAPSA). He previously served as a Debt Specialist at the World Bank and supported the formulation of medium-term debt strategies for several African nations, including Zambia, Malawi, and Namibia.
Mr. Nsubuga’s career is defined by a consistent ability to initiate regulatory reforms across insurance, pensions, and capital markets while promoting corporate governance and mobilisation of long-term savings. His core competencies span the areas of regulatory oversight, financial analysis, and strategic leadership. He is passionate about creating value and impacting lives.
Rita Faith Nansasi Wasswa (Mrs.)
Chief Manager Legal Services/ Secretary to the Board
Rita Faith Nansasi Wasswa is the Chief Manager Legal Services / Board Secretary at the Uganda Retirement Benefits Regulatory Authority (URBRA). She is an Advocate of the High Court of Uganda with over seventeen years of experience in legal practice, legislative drafting and providing corporation secretarial services. She has vast knowledge and experience in Board room dynamics, Corporate Governance practices, regulation of the retirement benefits sector, application of labour laws, as well as enforcement of the public financial management legal framework.
She holds a Bachelor of Laws degree (LLB – Hons) from Uganda Christian University- Mukono, a Post Graduate Diploma in Legal Practice (PGDLP) from the Law Development Center-Kampala and a Master’s in Business Administration (MBA) from Eastern and Southern Africa Management Institute (ESAMI). She is an Alumna of the Female Future Leadership Development Training Programme (FFP) Rita is a Member of the Chartered Governance Institute (UK and Ireland) an Institute for Chartered Governance Professionals, Advisors and Company Secretaries (ICSA). She is also an Alumna of the CEO Apprenticeship Program of Uganda.Read More
Rita previously worked as a State Attorney in the Ministry of Justice and Constitutional Affairs in the Directorate of First Parliamentary Counsel where she drafted several laws that have since been enacted. Rita was the lead Counsel responsible for drafting the URBRA Act Cap.232, the various Regulations and Guidelines made under the Act. She is also a member of the taskforce responsible for Public Service Pension Fund Reform led by the Ministry of Public Service.
She greatly contributed towards the establishment of URBRA right from the Authority’s inception when she was seconded by the Ministry of Justice and Constitutional Affairs to support the Board. She has continued to steer the Authority’s Legal department in the development and implementation of the regulatory and licensing framework for retirement benefits schemes and the various service providers. She has been very instrumental in ensuring the enforcement and compliance with the Uganda Retirement Benefits Regulatory Act, Regulations and Guidelines made under the Act. She served as Acting Chief Executive Officer for URBRA for a period six months and as the Accounting Officer of URBRA for FY2024/25 and FY2025/26.
Currently She represents URBRA on the Executive Committee of the Africa Pension Supervisors Association (APSA). Rita also represents URBRA on the Legal and Technical Committee of the East African Pension Supervisors Association (EAPSA).