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Originally published by Capital Business
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business
June 19, 2025
5mo ago

Moi University seeks Sh800mn Govt bailout amid financial woes

Moi University seeks Sh800mn Govt bailout amid financial woes

NAIROBI, Kenya, June 19 - Troubled Moi University is now seeking Sh800 million in financial support from the government to restructure its operations, as Kenya breaking news | Kenya news today |..

✨ 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

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