Universities seek Sh20bn as cash flow crisis deepens

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University of Nairobi main entrance. FILE PHOTO | NMG

Public universities have asked the National Treasury for additional Sh20 billion to ease their cash flow challenges amid a sharp drop in the number of self-sponsored students.

The Treasury allocated the university education vote Sh113 billion in the current fiscal year, which is a Sh10 billion cut from the Sh123.6 billion the institutions received the previous year. The cut was necessitated by lower revenue due to the Covid-19 pandemic.

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