How University of Nairobi got into Sh2.7 billion cash crisis

University of Nairobi Vice Chancellor Peter Mbithi

The University of Nairobi (UoN) is managing the Sh2.7 billion deficit it is currently operating under, Vice Chancellor Peter Mbithi has told MPs.

Prof Mbithi noted that one of the factors that led to the huge deficit is delayed remittance of Sh526 million capitation money for September.