Top 10 universities in generating own income (2021/2022FY)
Top 10 universities in Kenya in generating their own income (2021/2022FY)
Kenyan universities have recently been dealing with a lack of money and heavy indebtedness, which has had a significant impact on their operations.
Most universities have had to close some of their campuses in order to save money and stay under budget.
The University of Nairobi is the top university in generating its own income in the country.
Kenyatta University is in second place, closely followed by Egerton University.
List of Top 10 Universities in Income Generation
(2021/2022FY)
University of Nairobi Ksh, 4.4bn
Kenyatta University, 1.5bn
Egerton University, 1.1bn
Jomo Kenyatta University, 1.1bn
Chuka University, 831mln
Moi University, 777mln
Masinde Muliro University, 775mln
Maseno University, 773 mln
Multimedia University, 707mln
Kisii University, 553mln
Last year, IMF report identified three top public universities, Kenyatta, University of Nairobi, and Moi, as among the top state-owned agencies carrying the biggest financial risks.
Due to financial difficulties, some university presidents have sought loans from banks and other financial entities.
As part of the terms of a Sh234 billion loan to Kenya, the IMF requested that the country reform its three main public institutions to save them from financial ruin.
It proposed that the institutions be closed due to course duplication and the necessity to decrease costs.
In order to address the financial problem, the government recommends that the institutions undergo cost-cutting changes in order to become financially sustainable.
Also read,
The three top public universities carrying the biggest financial risks
Kenyan Primary School Dropout wanted in USA for Defrauding Qatari Businessman, KSh 1.1 Billion
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