BANKRUPT MOI UNIVERSITY PLANS TO INCREASE SCHOOL FEES AS THEIR PLAN TO SALVAGE THE INSTITUTION
Moi University, which has accumulated a debt of Sh4.5 billion, is unable to meet some financial obligations and will resort to fee increments. The Auditor-General’s report of 2020 indicates that the university’s revenue for the year ended June 2020 was Sh7.8 billion against an expenditure of Sh8.3 billion, therefore recording a deficit of Sh504 million.…