In Summary
  • With the decline in the number of self-sponsored students and the introduction of funding of universities based on courses offered since last year, most of the institutions are struggling to remain afloat.
  • Universities are also struggling with debts running into billions of shillings as some had borrowed the funds for expansion, but are now unable repay them.
  • Private universities have not been spared either as they have turned to certificate courses in order to remain relevant.

The financial crisis facing public institutions of higher learning across the country was on Thursday laid bare by university staff during a meeting with the Senate Education Committee.

With the decline in the number of self-sponsored students and the introduction of funding of universities based on courses offered since last year, most of the institutions are struggling to remain afloat.

Moi University last year had indicated that it will put up a 36-storey building near Laico Regency hotel to host its Nairobi campus, but the plan has since been shelved due to lack of funds.

The university currently pays Sh27 million per semester for its college at the Bazaar building.

Presbyterian University of East Africa has also put on sale 34 acres of land in Kikuyu at Sh40 million to solve its financial crisis.

Kenya Methodist University and Catholic University of Eastern Africa are among private universities struggling to pay their debts which stand at Sh3 billion and Sh1.5 billion respectively.

According to the Universities Academic Staff Union Secretary-General Constantine Wasonga, the government has not been able to provide adequate funds through capitation to enable the universities to respond to the high demands.

“Consequently, university managers have been forced to secure and offer many of their services on credit. Almost all the public universities owe their suppliers and service providers,” said Dr Wasonga.

He told the committee if the government stricter rules on admission, a number of universities will be closed down as most of them are insolvent.

Universities are also struggling with debts running into billions of shillings as some had borrowed the funds for expansion, but are now unable repay them.

Page 1 of 2