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HomeDaily NewsThursday, June 19, 2025Financial Challenges for Institutions
Business & Economy2 stories from 1 sources

Financial Challenges for Institutions

Moi University seeks Sh800mn government bailout as it faces financial woes; Air India faces turnaround challenges.

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Thursday 1:30 PMCapital BusinessFirst

Moi University seeks Sh800mn Govt bailout amid financial woes

Moi University seeks Sh800mn Govt bailout amid financial woes

Moi University is seeking a Sh800 million bailout from the government to address its financial crisis, as outlined by its Vice Chancellor, Kiplagat Kotut, in a report to the National Assembly.

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Key Highlights

Moi University is seeking a Sh800 million bailout from the government to address its financial crisis, as outlined by its Vice Chancellor, Kiplagat Kotut, in a report to the National Assembly.

  • Requesting Sh450 million monthly support to fund payroll for a year
  • Kiplagat Kotut, Vice Chancellor of Moi University
  • Recently laid off over 1,200 employees to cut costs, while seeking Sh1.26 billion for salary arrears
Thursday 1:31 PMCapital Business

Devastating crash threatens Air India’s ambitious turnaround

Devastating crash threatens Air India’s ambitious turnaround

A crash of Air India-171 on June 19 has resulted in the tragic loss of at least 270 lives, prompting an international investigation to determine the cause.

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Key Highlights

A crash of Air India-171 on June 19 has resulted in the tragic loss of at least 270 lives, prompting an international investigation to determine the cause.

  • A looming threat to Air India's turnaround strategy under the Tata Group, which took over from the government in 2022.
  • CEO Campbell Wilson emphasizes cooperation with investigators and support for victims' families.
  • The airline has cancelled 15% of international services amid safety inspections, as public confidence begins to wane.
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