Welcome to Universities Fund
CEO's Welcome Message
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.
Below are priority areas that express different aspects of our core mandate to enable effective University financing.
Universities Fund strives to develop policies for resource mobilization while establishing partnerships and collaborations.
We formulate evidence based policies on financing higher education through capacity building on research and research strategies.
We seek to strengthen human capital by recruiting adequate and competent staff while implementing staff performance management.
We seek to create a fair, equitable and transparent allocation of resources to Universities through; review and implementation of DUC and monitoring and evaluation.
Advise the Cabinet Secretary in matters of University Education funding and related policy issues.
In consultation with the Cabinet Secretary, develop a transparent and fair criteria for allocation of fund.
Apportion funds to Universities in accordance with criteria established and approved.
Establish the minimum discipline differentiated remuneration for academic staff of universities.
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.
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.