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 the institution has a substantial deficit but holds assets worth significantly more.
“We have a deficit of about Sh20 billion,” he said. “We are at the stage of commercialising our asset base, which totals about Sh200 billion.”
Auditors told the committee that the university’s short-term debts far…