University of Nairobi sinks in debt burden, declared technically insolvent

University of Nairobi is technically insolvent, with KSh 20bn in debt and KSh 8.62bn negative working capital, as vice-chancellor defends a recovery plan.

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Elijah Ntongai is an experienced editor at TUKO.co.ke, with more than four years in financial, business, labour and technology research and reporting. His work provides valuable insights into Kenyan, African, and global trends.

Kenya's oldest and largest university has been declared technically insolvent.

The Office of the Auditor-General (OAG) has placed the University of Nairobi's total debt burden at approximately KSh 20 billion.

The declaration was presented to the National Assembly Education Committee on Thursday, October 22, 2026, and drew on findings from the institution's 2021/2022 audit report.

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Source: Tuko