The financial turmoil that the two most established universities face is emblematic of the financial ill health of institutions of higher learning in the country. Secondly, the differentiated unit cost system, which replaced the 26-year-old flat capitation model, considerably reduced funding to universities. But in the wake of quality queries and low student numbers, universities had to close campuses. Universities should explore alternative ways of generating revenue internally to bridge the shortfall in state financing. His grandmother, Countess of Richmond, established endowed chairs in divinity at Oxford and Cambridge universities, where the king started professorships.

Source: Daily Nation May 16, 2019 04:07 UTC