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

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
Universities Fund ,CEO

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

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KUCCPS
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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.