Welcome to Universities Fund
Vision
Sustainable financing of Universities in Kenya for global competitiveness.
Mission
To create and promote a robust participatory mechanism for financing Universities in Kenya.
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.
RESOURCE MOBILIZATION
Universities Fund strives to develop policies for resource mobilization while establishing partnerships and collaborations.
RESEARCH COMMERCIALIZATION
We formulate evidence based policies on financing higher education through capacity building on research and research strategies.
CAPACITY BUILDING
We seek to strengthen human capital by recruiting adequate and competent staff while implementing staff performance management.
FUND ALLOCATION
We seek to create a fair, equitable and transparent allocation of resources to Universities through; review and implementation of DUC and monitoring and evaluation.
Key Mandate
Advisory
Advise the Cabinet Secretary in matters of University Education funding and related policy issues.
Consultation
In consultation with the Cabinet Secretary, develop a transparent and fair criteria for allocation of fund.
Fund Apportioning
Apportion funds to Universities in accordance with criteria established and approved.
Minimum Remuneration
Establish the minimum discipline differentiated remuneration for academic staff of universities.
Resource Mobilization
Mobilize and receive funds for purposes of the Fund from government donors and other sources.
Maximum Differentiated Unit Cost
In consultation with the Public Universities, establish the maximum Differentiated Unit Cost for the programs offered.
Our Partners
Latest NEWS
Universities Fund CEO, Geoffrey Monari
KeNIA CEO , Dr. Tonny K. Omwansa
and National Bank seniors after discussing Kenya Innovation week which shall run from 6th to 10th Dec 2021.
Universities Fund Chief Executive Officer, Geoffrey Monari during a consultative meeting with Media Council of Kenya on enhancing corporate communication in the Universities Fund on 18th August, 2021 at Nairobi.
