Welcome to Universities Fund
Vision
A valued Fund for Universities.
Mission
Sustainable Financing for Universities.
CEO'S Welcome Message
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
Capacity building
We seek to strengthen human capital by recruiting adequate and competent staff while implementing staff performance management.
Institution building and innovation
Universities Fund aims at creating readiness for the present and future by harnessing information and communication technology for greater efficiency and effectiveness.
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
Our Partners
