UoN declared technically insolvent with Sh20 billion debt

The University of Nairobi (UoN), the country’s oldest and largest public university, has been declared technically insolvent by the Office of the Auditor-General, with debts estimated at Sh20 billion. University management appeared before the National Assembly’s Public Investments Committee on Governance and Education on Thursday, October 22, 2026. Vice-Chancellor Prof Ayub Gitau told MPs that…

University of Nairobi Declared Technically Insolvent Over KSh 20 Billion Debt Crisis

The University of Nairobi (UoN), Kenya’s oldest and largest institution of higher learning, has been declared technically insolvent by the Office of the Auditor-General. An explosive audit report has revealed a deepening financial crisis that threatens the university’s ability to sustain operations, highlighting an estimated KSh 20 billion debt burden encompassing accumulated deficits, unremitted statutory…