The Online Kenyan Logo

The Online Kenyan

HomeTop StoriesLive TVVideosPoliticsBusinessSportsTechEntertainment
HomeTop StoriesLive TVVideos
PoliticsBusinessSportsTechEntertainment

Footer

The Online Kenyan Logo

The Online Kenyan

News & Breaking Headlines

news@theonlinekenyan.com
+254 758 277 017

Follow Us

Explore

DailiesWeekliesTopicsVideosHow to file KRA tax returns

Legal

  • Privacy Policy
  • Terms of Use
  • AI Content Policy

© 2026 The OK Company. All rights reserved.

Made within Kenya
HomeDaily NewsFriday, August 7, 2026TUK Blames Sh13bn Debt on Years of Underfunding - August 2026
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.

Listen to this coverage2 min

Read aloud by your device

CCapital BusinessFirst
Discuss on X|Repost story on X

News Coverage

Friday 10:00 AMCapital Business

TUK blames Sh13bn debt on years of underfunding

TUK blames Sh13bn debt on years of underfunding

The Technical University of Kenya (TUK) blames nearly Sh13 billion in debt, primarily from unpaid statutory deductions and pension contributions, on years of chronic underfunding.

Read Story

Key Highlights

The Technical University of Kenya (TUK) blames nearly Sh13 billion in debt, primarily from unpaid statutory deductions and pension contributions, on years of chronic underfunding.

  • TUK accumulated Sh12.99 billion in pending bills as of January 31, 2025, impacting statutory deductions, pension funds, CBAs, staff claims, and contractor payments.
  • The Senate Labour Committee is reviewing the university's financial situation, which stems from funding shortfalls since its transition from the Kenya Polytechnic.
  • A government recovery plan includes a Sh500 million allocation for pension arrears in the 2025/26 financial year, but its full implementation depends on additional funding from the National Treasury and Parliament.
Friday 8:44 AMCapital BusinessFirst

Nairobi’s mounting pending bills signal fiscal crisis, Senate index warns

Nairobi’s mounting pending bills signal fiscal crisis, Senate index warns

The Nairobi City County has been identified as the country's worst-performing county in managing its pending bills, signaling a potential fiscal crisis, according to a Parliamentary Budget Office (PBO) report.

Read Story
Friday 1:12 PMCapital Business

Sugar distributors sue State over Sh173.6mn debt

Sugar distributors sue State over Sh173.6mn debt

Six sugar distributors and other businesses have sued the Kenyan State over Sh173.58 million owed to them by South Nyanza, Chemelli, and Muhoroni sugar companies following their lease to private operators.

Read Story

Key Highlights

Six sugar distributors and other businesses have sued the Kenyan State over Sh173.58 million owed to them by South Nyanza, Chemelli, and Muhoroni sugar companies following their lease to private operators.

  • The total outstanding debt claimed is Sh173.58 million.
  • The petitioners include Lesphine Investments Limited, Patel Chimanlal, Chebaibai Traders Limited, Mahendrabhai Jethabhai Patel, Procel Transport Limited, and Axabd Investment Limited.
  • The lawsuit challenges the handling of creditors' claims during the 30-year leasing of these state-owned sugar companies, which were leased in May 2025.
Advertisement

More from Friday, August 7, 2026

27 Counties on Notice as Senate Flags Spending Failures - August 2026
Breaking News & Top Stories10 stories

27 Counties on Notice as Senate Flags Spending Failures - August 2026

K
C
Kenyans, Capital News +2
Chipu eye strong start in Barthes Cup - August 2026
Sports News & Updates3 stories

Chipu eye strong start in Barthes Cup - August 2026

S
Standard Sports
DCI Probes Link Between Dr Mutiso Murder and Kyalo Mbobu Shooting - August 2026
Video News5 stories

DCI Probes Link Between Dr Mutiso Murder and Kyalo Mbobu Shooting - August 2026

T
C
The Star (Youtube), Citizen TV (Youtube)
Advertisement

More Stories

27 Counties on Notice as Senate Flags Spending Failures - August 2026
Breaking News & Top Stories10 stories

27 Counties on Notice as Senate Flags Spending Failures - August 2026

K
C
Kenyans, Capital News +2
Chipu eye strong start in Barthes Cup - August 2026
Sports News & Updates3 stories

Chipu eye strong start in Barthes Cup - August 2026

S
Standard Sports
DCI Probes Link Between Dr Mutiso Murder and Kyalo Mbobu Shooting - August 2026
Video News5 stories

DCI Probes Link Between Dr Mutiso Murder and Kyalo Mbobu Shooting - August 2026

T
C
The Star (Youtube), Citizen TV (Youtube)
Advertisement

Key Highlights

The Nairobi City County has been identified as the country's worst-performing county in managing its pending bills, signaling a potential fiscal crisis, according to a Parliamentary Budget Office (PBO) report.

  • Nairobi has pending bills exceeding three times its total annual revenue, representing the most extreme case of fiscal insolvency among all counties.
  • The PBO report found that Nairobi accounts for over 40 percent of all pending bills owed by county governments, totaling Sh86.77 billion.
  • The county received an "E" grade for its fiscal performance in managing pending obligations in both the 2023/24 and 2024/25 financial years, with a score of virtually zero.