- Latest statistics paint a grim picture of struggling Kenyan tertiary institutions heavily burdened by huge debts
- Ezekiel Machogu called on public higher education institutions to embrace research, innovation and technology to generate revenue
- The Cabinet Secretary for Education has announced plans to visit every Kenyan public university to assess their financial capability
The ruling Kenya Kwanza administration has announced that it will no longer fund public universities and colleges. Instead, he urged them to generate revenue to fund their operations and university programs.
Talk to NTVKenya at Dedan Kimathi University of Technology in Nyeri, Education Cabinet Secretary Ezekiel Machogu called on public higher education institutions to embrace research, innovation and technology to generate revenue.
Tough times for public universities
Machogu said he would visit all public universities in Kenya to assess their financial strength.
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“We are now encouraging our public universities to generate their own revenue because the ex-cheque as it is now will no longer continue to fund them,” Machogu said.
He also revealed that education occupies 25.9% of Kenya, so there is a need to find more ways to create and generate income for universities.
“So we are telling our universities to look for other sources of income,” he added.
This week, Moi University Vice-Chancellor Isaac Kosgey made a series of appointments despite admitting the institution is broke.
Cash-strapped Kenyan universities
The announcement comes as the financial crisis in public universities has reached an all-time high.
The latest statistics paint a bleak picture of struggling higher education institutions, heavily weighed down by huge debts.
In a notice seen by TUKO.co.keKosgey announced 17 men and women as new deans, directors and internal auditor.
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“On behalf of Moi University, I congratulate the appointees and wish them well as they lead the schools, campuses, institute managements and internal audit to greater heights of success,” said Kosgey.
It comes months after the cash-strapped University announced it was cutting staff to deal with ongoing financial difficulties.
The institution said that the current number of employees could not be maintained due to the current financial crisis.
The institution listed a few reasons that led to its current financial situation.
A 2021 audit report released by the Auditor General showed that Moi University was broke and could not meet its financial obligations unless it received support from the government and lenders.
While acknowledging the financial crisis at the time, the Vice-Chancellor said he was optimistic about the institution’s return to profitability.
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