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Originally published by Capital Businessbusiness
June 19, 2025
5mo ago
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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