education

How University of Nairobi sank into a Sh17bn debt hole

How University of Nairobi sank into a Sh17bn debt hole

Financial troubles at Kenya's premier university have been years in the making.

The entrance to the University of Nairobi.

Reduced government funding, falling Module II revenue and years of unpaid statutory deductions have pushed the University of Nairobi (UoN) into a Sh17.2 billion debt crisis, compounded by mounting penalties and interest.

The financial troubles at the country’s premier university have been years in the making, but the scale of the crisis is now becoming increasingly difficult to contain.

The university is riddled by accumulated deficits, outstanding statutory obligations, and losses.

Lawmakers reject verbal assurances, demanding proof of UoN's efforts to clear its pension deficit.

Justice Nabil Orina rules that the commission violated her right to fair administrative action.

The outage hit government agencies in Australia, Japan and the United States.

The petition challenged Kerich's suitability for office following his conviction for contempt of court.

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  • nairobi
  • debt
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  • trouble
  • kenya
  • premier
  • making

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