VICE-CHANCELLOR'S REPORT FOR YEAR ENDED 30TH JUNE, 2014

It gives me much pleasure in presenting the Annual Report and Accounts of the University of Nairobi for the year ended June 30, 2014. During the year under review, the University incurred a deficit of KShs 458,399,413 (2012/2013 KShs.213,037,066 surplus).

The cumulative Surplus for the University as at June 30, 2014 was KShs.334,757,458 (2012/2013 KShs. 793,156,871). The financial performance in the current year was mainly impacted by increased costs in academic programmes, refurbishment of teaching facilities and increase of personal emoluments based on improved terms and conditions of service.

The University commenced the construction of the University Towers in addition to the ongoing Kisumu complex and the School of Pharmacy projects. As in the previous years, the additional expenditure was not matched by Government funding. The total personal emolument was KShs.9.6 billion while the Government funding was KShs 6.3 billion reflecting a shortfall of KShs.3.3 billion.

Despite these challenges, the University continued with prudent financial management of the available resources. The University enhanced income- generating activities through its various campuses as well as the subsidiary company, the University of Nairobi Enterprises and Services (UNES) Limited.

The research partners supported the University to the tune of KShs. 2.5 billion during the year 2013/2014 (2012/2013 KShs. 2,110,951,157). This went a long way in pursuit of the University mission of teaching and research.

The students total population in this period for both undergraduate and postgraduate was in excess of 70,000. Finally, I would like to express my special thanks to the University community who worked tirelessly to ensure smooth operation of this institution, especially continued commitment of the University performance in accordance with ISO 9001:2008 Quality Management System.

View annual report For the year ended june 30, 2014