Welcome to Universities Fund

Vision

A valued Fund for Universities.

Mission

Sustainable Financing for Universities.

CEO's Welcome Message

"On behalf of the Board, management and staff of the Universities Fund, I take this opportunity to welcome you to our website whose main purpose is to facilitate communication and sharing of information, knowledge, best practices and tools for sustainable funding for Universities."
geoffrey monari
Chief Executive Officer

About Us

The Universities Fund was established under section 53 of the Universities Act, 2012 for financing Universities in Kenya. The Fund is managed by a Board of Trustees known as the Universities Funding Board (UFB) which has been in operation since 2016.

Strategic Priorities

Below are priority areas that express different aspects of our core mandate to enable effective University financing.

Customer focus

We aim at promoting the brand and image of the Fund, nurture strategic partnerships and linkages, and enhance the Fund's value proposition.

Institution Building and Innovation

Universities Fund aims at creating readiness for the present and future by harnessing Information, Communication and Technology for greater efficiency and effectiveness.

Capacity building

We seek to strengthen human capital by recruiting adequate and competent staff while implementing staff performance management.

Sustainable Financing and Stewardship

Universities Fund intends to provide for funding growth and diversification while promoting stewardship and accountability.

Key Mandate

Advisory

Advise the Cabinet Secretary in matters of University Education funding and related policy issues.

Fund Apportioning

Apportion funds to Universities in accordance with criteria established and approved.

Resource Mobilization

Mobilize and receive funds for purposes of the Fund from government donors and other sources.

Consultation

In consultation with the Cabinet Secretary, develop a transparent and fair criteria for allocation of fund.

Minimum Remuneration

Establish the minimum discipline differentiated remuneration for academic staff of universities.

Maximum Differentiated unit cost

In consultation with the Public Universities, establish the maximum Differentiated Unit Cost for the programs offered.

Institutions Funded

0
Public Universities
0
Private Universities

Latest News

Welcome to the Kenya Innovation week workshop on 8th Dec, 2021 at Nairobi. Universities Fund CEO Geoffrey Monari will be speaking about Innovating Financing for Education.

Kenya Innovation week

Universities Fund in collaboration with Kenya Innovation Agency (KeNIA) invites you to Universities and Research centres Leadership Summit on 3rd Dec, 2021 at Sarova Panafric Hotel. PS Amb. Simon Nabukwesi, State Department of University Education and Research, will be the Chief guest during the summit.

Universities Fund’s Board and the Management during a training on Audit, Risk and Governance from 25th- 29th October, 2021 at Mombasa.

Our Partners

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