The Kenya Revenue Authority has frozen bank accounts of the country's two leading universities in what now threatens to cripple higher education in Kenya. The Star has established that KRA has attached UoN bank accounts containing approximately Sh450 million, putting the university's education programmes in jeopardy. All bank accounts for Kenyatta University were also frozen. “UoN accounts are not frozen. During the 2017-18 financial year, UON, Kenyatta University and Multimedia University alone reported negative working capital of Sh5.5 billion.

Source: The Star May 03, 2021 02:03 UTC