Universities Fund CEO on how public varsities can be pulled out of debt hole

The Universities Fund chief executive officer Geoffrey Monari. ILLUSTRATION | JOSEPH BARASA | NMG

Public universities have been described as the sick man of the education sector. The universities are now struggling to honour obligations such as payroll taxes, retirement benefits and insurance premiums for staff with total pending bills shooting to Sh56 billion by June 2022.

The Universities Fund (UF) chief executive officer, Geoffrey Monari, spoke to the Business Daily on the options the sector is looking at to remedy the situation ahead of the student enrolment expansion when the first competency-based curriculum (CBC) cohort transitions in 2029.

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