Financial Crisis at TUK: Pension Scandal and Government Intervention
In March 2025, the Technical University of Kenya (TUK) faced a severe financial crisis, with a pension fund deficit of KSh4.3 billion and total debts amounting to KSh12.9 billion. The collapse of the Staff Retirement Benefits Scheme (SRBS) in 2017, which lost KSh5.3 billion, left many retirees without their benefits. The government initiated a Strategic […]