Business & Economy3 stories from 1 sources
TUK Blames Sh13bn Debt on Years of Underfunding - August 2026
Technical University of Kenya (TUK) has attributed its nearly Sh13 billion debt primarily to unpaid statutory deductions and pension contributions, blaming years of chronic underfunding. The university's financial struggles reflect a broader pattern of government entities accumulating substantial debts. South Nyanza, Chemelli, and Muhoroni sugar companies, leased to private operators, owe six sugar distributors and other businesses Sh173.58 million, prompting lawsuits against the State. Meanwhile, Nairobi City County has been identified as the country's worst-performing county in managing pending bills, with a Parliamentary Budget Office report warning this signals a potential fiscal crisis.
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Friday 8:44 AMCapital BusinessFirst
Nairobi’s mounting pending bills signal fiscal crisis, Senate index warns
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