UoN secures Sh3.8bn loan amid cash flow crisis

University of Nairobi main entrance. FILE PHOTO | NMG

The University of Nairobi has secured Sh3.88 billion (30 million Euros) from a French financier for the construction of its Engineering and Science complex.

Treasury documents tabled in Parliament show the loan from the Agence Francaise De Development was approved in October last year, giving the university a boost in efforts to improve learning facilities amid cash-flow challenges.

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