- The Office of the Auditor-General flagged the University of Nairobi as technically insolvent, with a negative working capital of KSh 8.62 billion
- The university’s accumulated deficit reached KSh 8.8 billion, while unremitted statutory deductions alone amounted to KSh 10.57 billion
- Vice-Chancellor Ayub Gitau appeared before the National Assembly Education Committee to defend the institution’s financial position
Elijah Ntongai is an experienced editor at TUKO.co.ke, with more than four years in financial, business, labour and technology research and reporting. His work provides valuable insights into Kenyan, African, and global trends.
Kenya’s oldest and largest university has been declared technically insolvent.