A total of 21 public universities in Kenya are on the brink of financial collapse, according to a new report by Auditor General Nancy Gathungu, which reveals that the institutions have accumulated a combined negative working capital of Sh42.5 billion, meaning their short-term debts far exceed their current assets. In her audit for the 2023/2024 … Continue reading 21 Universities on the verge of collapsing over Ksh42.5 billion debt