How University of Nairobi sank into a Sh17bn debt hole

• The institution is grappling with current liabilities of Sh17.2 billion against current assets of Sh8.94 billion.
• UoN Vice-Chancellor Prof Ayub Gitau traced the institution’s financial difficulties to the 2017/2018 financial year.

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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  MPs hand UoN ultimatum over Sh20 billion debt

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

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  MPs give UoN 14-day ultimatum

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