JUST IN: Cabinet Moves to Rescue University of Nairobi from Financial Crisis
The Cabinet has moved to address the University of Nairobi’s (UoN) looming financial crisis, approving a comprehensive transformation strategy aimed at resolving the institution’s financial challenges and restoring its academic and operational excellence. During a Cabinet meeting on Tuesday, December 17, 2024, Cabinet Secretaries approved the University of Nairobi Transformation Strategy, which seeks to tackle mounting financial issues, including unpaid statutory deductions totaling Ksh 4.1 billion, pension arrears of Ksh 7 billion, and outstanding bills of Ksh 13.2 billion. The Cabinet noted that these financial difficulties had led to staff and student strikes, leadership conflicts, and a decline in both
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