Moi University Reopens After Ksh 2.9 Billion Financial Boost

Moi University will reopen today following a Ksh 2.9 billion allocation from the National Treasury to meet urgent financial needs. The funds will address immediate obligations, including Ksh 807 million for outstanding staff salaries for September and October.

Parliament and the State Department for Higher Education intervened to ensure students could return to school. The university had requested Ksh 315 million monthly for two years and Ksh 2.4 billion to settle debts, along with Ksh 1.05 billion for salary arrears under a court-mandated agreement.

National Assembly Speaker Moses Wetang’ula said the university closure was a “grave national concern,” highlighting its importance in Kenya’s education landscape and its impact on international students. He called for urgent measures to stabilize the institution.

The National Treasury had previously allocated Ksh 609 million for scholarships, tuition, and student needs. An additional Ksh 500 million will be released by November 15, 2024, for financial stabilization and to form a Caretaker Committee to enhance management.

A recent court order may affect future funding for loans and scholarships, prompting the Ministry to seek a resolution. The university closed on October 3, 2024, due to strikes over unpaid salaries and unresolved commitments from previous agreements. A task force is now working on a sustainable recovery plan.