Kenyas beleaguered public universities have been told to further tighten their belts after being slapped with a US$10 million budget cut that will worsen their cash woes, in austerity measures that are meant to avert a looming economic crisis.
Last week, Kenyas parliament voted to reduce funding for spending on salaries, learning materials and infrastructure as part of the governments bid to stem public expenditure. This is expected to intensify the financial crisis facing state-funded institutions over the past year, which has seen job cuts, frozen posts and spending cut on key activities such as research.
Parliament warned that the cuts would leave universities in a precarious financial situation at a time when the in…
Read the full article at: http://www.universityworldnews.com/article.php?story=20181003101950546