The University of Nairobi (UoN) is grappling with a massive KSh 12 billion debt crisis, raising concerns about the institution’s financial stability. The university, one of Kenya’s top higher learning institutions, is struggling to settle debts owed to suppliers, pension funds, and other service providers.
According to reports, the financial burden has been accumulating over the years, partly due to reduced government funding, declining student enrollment, and mismanagement of resources. The situation has put pressure on the university’s administration to find urgent solutions to prevent disruptions to academic and operational activities.
University officials have acknowledged the crisis and are exploring various strategies, including cost-cutting measures, revenue generation initiatives, and negotiations with creditors. However, concerns remain over whether these efforts will be enough to stabilize the institution’s finances.
The debt situation has also sparked fears of potential salary delays for lecturers and staff, as well as reduced funding for key university programs. Students and faculty members are now calling on the government to intervene and provide a long-term financial rescue plan.
As discussions continue, stakeholders in the education sector are urging urgent reforms to ensure sustainable funding models for public universities, preventing similar financial struggles in the future.
