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UoN cash crisis deepens as taxman owed Sh7bn
University of Nairobi council chair Julia Ojiambo, Vice-Chancellor Stephen Kiama (centre) and council member Marie Rarieya (right) during a press conference announcing changes in governance structure, July 9, 2021. PHOTO | DIANA NGILA | NMG
The University of Nairobi (UoN) has revealed it owes the Kenya Revenue Authority (KRA) Sh7.2 billion, underlining deepening cashflow crisis at the institution amid a dip in student enrolment.
Vice Chancellor Stephen Kiama said Tuesday ballooning pending bills are part of the reason the university is implementing financial, curriculum, people and structural reforms.