How to NOT run an institution

The financial crisis at Moi University is well-known and acknowledged by those running it. However, a closer analysis of the Auditor General’s report reveals that the situation is not only bleak, but also makes one wonder how recovery is even possible. Because it is the apotheosis of mismanagement…

Good evening. It’s Brian from The Kenyan Wall Street. These are the stories lined up for you today…

Moi University : How to NOT Run an Institution

By Brian Nzomo

Moi University has managed a feat of institutional self-destruction that would be impressive if it weren't so dispiriting. The second oldest university in the country spent 85% of its total revenue on salaries, leaving precisely nothing for buildings or functioning facilities that reputable institutions are supposed to have. The auditor's report for the year ended June 2025 reveals an accumulated deficit of KSh 3.52 billion, and the inspired management solution of asking part-time lecturers owed hundreds of millions in unpaid wages to kindly accept tuition credits for their children instead. Efforts to downsize the institution did not go well either as the courts nullified every termination for procedural failures, and the university found itself exactly where it started, only lighter by ten million shillings. The Auditor General's findings suggest an institution in a chronic condition and no salvation in sight. 

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Strengthening the Bulwark against Ebola

By Fred Obura

On 15th May, the Democratic Republic of Congo (DRC) officially declared an Ebola outbreak, though health officials believe the Bundibugyo strain had been quietly spreading for months before anyone said so aloud. With 121 confirmed cases now recorded across the DRC and Uganda, East Africa is no longer treating the threat as someone else's problem. Kenya has identified 26 border points on heightened alert, prepared 2,200 trained health workers, 23 isolation facilities, and over 100 laboratories capable of confirming a case before a traveller boards a connecting flight. The EAC has activated emergency protocols, deployed nine mobile laboratories at regional border crossings, and convened an emergency ministerial meeting. 

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The Continent That Can't Catch Up

By Brian Nzomo

Africa needs between US$130 and US$170 billion every year just to keep the lights on, the roads passable, and the internet running but it is coming up roughly US$70 billion short, according to a new S&P Global Ratings report. The culprit is not ambition but plumbing: domestic capital markets are too thin to channel local savings anywhere useful, commercial banks too busy buying government bonds to lend to anyone building anything, and pension funds too small to matter. As the larger economies such as South Africa, Egypt, Morocco are pulling ahead, deepening their financial systems, the rest of the continent remains stuck in the trap of borrowing abroad in dollars and praying the local currencies hold. 

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