How University of Nairobi sank into a Sh17bn debt hole

Detailed summary

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,…

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.

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