The Technical University of Kenya is in a financial crisis after their asses amounting to about 490 million was out run by their total liabilities of more than 836Millions.
Thus, the university has been unable to pay for it’s pension, medical cover and general day to day proper administration.
“This university used to be attractive to many of us, but now I don’t think anyone with an idea of what it has become would want to teach here,” a lecturer complained.
Analysts together with the auditor general office has claimed that the situation is ‘technically insolvent’.
“It is not sustainable and unless we have the unit cost formula adopted, this scenario will be hard to escape,” Dr Ramani said in an interview.
