MasterCard Foundation Offers 3.7 Billion To Makerere To Restore the Ivory Tower

MasterCard Foundation

The Mastercard Foundation has contributed one million US dollars( about Ush. 37 Billion) to Makerere University towards the restoration of the Ivory Tower, the university’s main administration building, which was devastated by fire.

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This was in a letter of sympathy to the University Vice-Chancellor, Prof Barnabas Nawangwe from the President and CEO of the Mastercard Foundation, Dr. Reeta Roy.

“We Understand that the efforts to repair and rebuild as well as recover records are considerable,” the letter reads in part.

“To assist with these efforts, the Foundation could like to provide a USD$1 million in support to Makerere University,” Reeta Roy said in the letter.

“We hope this contribution expedites the reopening of the university and builds resiliency as Makerere continues to educate our future leaders,” she added.

In a tweet, the University Vice-Chancellor, Prof Barnabas Nawangwe said; “I am overwhelmed by the great show of solidarity by the Mastercard Foundation in rebuilding our damaged iconic and historic administration building through a pledge of 1 Million US Dollars.”

Breaking News – Massive fire has burnt down a 79-year-old Makerere University Main Administration building in Kampala Uganda.
MasterCard Foundation Offers 3.7 Billion To Makerere To Restore the Ivory Tower

“Makerere is immensely grateful for this generous contribution,” he added.

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The Ivory Tower, Makerere University’s main administration building was destroyed by fire on Sunday. The building housed the offices of the Vice-Chancellor, the Deputy Vice-Chancellor, the University Secretary, The University Bursar, the Directorate of Human Resources, the Directorate of Internal Audit, the Public Relations Office room, and the Council Room.

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