The Head of Public Service, Felix Koskei, has issued a resounding warning to university administrators while revealing investigations have discovered 23 public universities in the country are technically insolvent.
In an op-ed published in a local daily, Koskei stated that the ongoing forensic audit was paramount to trace the mismanagement of resources in these institutions, often characteristic of those declared financially insolvent.
“With 23 public universities technically insolvent, financial sustainability is an imperative. Revenue diversification, professional management of income-generating units, and real-time financial reporting are a must,” he stated.
“These institutions, conceived as centres of scholarship, innovation and…
