Moi var­sity re­quires Sh3 bil­lion to re­gain sta­bil­ity, Ayiro says

The Star (Kenya) - - Politics General -

Moi Univer­sity re­quires more than Sh3 bil­lion to re­gain its fi­nan­cial sta­bil­ity and op­er­ate ef­fi­ciently. An in­ter­nal assess­ment report by the Univer­sity Coun­cil says the money will pay debt and re­fur­bish col­laps­ing in­fra­struc­ture, in­clud­ing lec­ture halls. Act­ing VC Laban Ayiro yes­ter­day as­sured stu­dents the univer­sity is on the path to re­cov­ery from its fi­nan­cial woes. “The tribu­la­tions we are cur­rently fac­ing will soon be a thing of the past. I want you to dia­logue as much over the prob­lems you may face,” he said. Ayiro (pic­tured) ad­dressed stu­dents at the univer­sity, say­ing he is com­mit­ted to trans­form­ing the in­sti­tu­tion in the short­est time pos­si­ble. He was ap­pointed to act VC on Septem­ber 19. Ayiro has ini­ti­ated pro­grammes to re­struc­ture all op­er­a­tions at the univer­sity. The univer­sity em­ploys more than 7,000 staff, in­clud­ing those at the Moi Re­fer­ral Hospi­tal and at the Ri­va­tex tex­tile firm. Ayiro said the univer­sity is, how­ever, fac­ing ma­jor fi­nan­cial, in­fras­truc­tural and man­age­ment chal­lenges that have stalled growth. The VC said the col­lege has three sources of fund­ing, in­clud­ing the ex­che­quer, part­ner­ships and in­ter­nally gen­er­ated funds, but over time, the sources of funds have not grown in pro­por­tion to the growth in stu­dent and staff pop­u­la­tion. He said the univer­sity has not recorded tan­gi­ble in­fra­struc­ture de­vel­op­ment and the qual­ity of teach­ing and re­search has lapsed to lev­els not ex­pected of a na­tional univer­sity.

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