Prudent Governance Key to Solving Financial Woes in Kenyan Universities, Says KCA VC

Prudent Governance Key to Solving Financial Woes in Kenyan Universities, Says KCA VC

KCA University Vice-Chancellor Prof. Isaiah Wakindiki has underscored the importance of prudent governance and ethical leadership in addressing the financial challenges facing Kenyan universities. Speaking during the institution’s 17th graduation ceremony in Ruaraka, Nairobi, he attributed the struggles of many higher learning institutions to poor governance and a lack of visionary leadership, which have hindered their growth and stability.

Prof. Wakindiki emphasized that financial sustainability relies not just on funding but also on proper governance. He called on all governance organs in universities to perform their roles responsibly, stating that this would help rescue debt-ridden institutions from collapse. He also warned that unethical practices by leaders could undermine even well-structured governance systems.

These remarks come at a time when universities are grappling with significant debt, accusations of tribalism in appointments, and challenges associated with the new Higher Education Funding (HEF) model. The model, designed to allocate resources based on students’ financial needs, has been touted as a solution to the funding crisis but continues to face criticism within the sector.