UoN financial deficit grows to Sh1.62 billion

University of Nairobi main entrance. FILE PHOTO | NMG

The University of Nairobi’s (UoN) financial deficit at the end for the year to June 2020 widened by Sh330 million to Sh1.62 billion, underlining the cash flow problems at the institution that is now running a negative capital position.

Auditor General Nancy Gathungu said the university is operating under financial difficulties and is unlikely to meet its financial obligations as and when they fall due.

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