KU seeks Sh450m bank loan to solve cash crisis

Cortedivoire

Cortedivoire

Elder Lister
Staff member
Kenyatta University (KU) is seeking a commercial loan of up to Sh450 million from local lenders in the latest signal of the deep financial difficulties facing the country's institutions of higher learning.
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Ubongo said:
Malls, hospitali na petro station hazikuleta fairs. Parallel degrees were the backbone of most of these universities
Click to expand...

That was a cash cow, in the era of waKibaki, K.U and JKUAT purchased properties worth Hundreds of millions around the city, so as to expand and extend their parallel programs.
 
In fact some of my former colleagues have been layed off Yani ni kubaya Hii design. There's an evil lady there in the procurement Dept fond of employing relatives and strategically placing them in specific depts within her juridistiction. Tano Terror!
 
Wakuende huko
They are overstaffed.
Library peke yake iko na close to 1000 workers.
The new admin complex, over 2000 workers.
The number of workers emerging at 5pm through the gate is higher than the students number.
Wakuende huko.
 
I was there a few weeks ago and one of the ladies there I met in the office was asking me for a job yet she was already working there. Maybe she knows she is supplement to requirements.
 
This is a rotten country. When did our universities change from non-profit public institutions that purely offer education to commercial enterprises? Who allowed this? Should it be even an issue of debate?
 
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