Sharp Daily
No Result
View All Result
Saturday, April 25, 2026
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

President William Ruto To Set Up New Funding Body Ahead Of HELB Scrap Off

Sarah Wamaitha by Sarah Wamaitha
January 3, 2023
in News
Reading Time: 2 mins read
President William Ruto

[Photo/Courtesy]

President William Ruto has announced intentions to disband the Higher Education Loans Board (HELB) and replace it with a new funding organization for higher education.

Ruto announced that he will combine the HELB, TVET, and University Funding Board into the National Skill and Funding Council.

Ruto claims that the action will double the existing Higher Education Loans Board financing from Ksh11 billion to Ksh22 billion and remove interest on HELB loans.

The government also plans to hire 3,000 tutors for TVET colleges and an extra 30,000 teachers for basic education to address the teacher shortage in public schools.

RELATEDPOSTS

Kenya’s new loan rules require borrowers to prove repayment ability before approval

April 22, 2026

Kenya’s fiscal deficit to hit 6.4% of GDP in 2026, IMF warns

April 21, 2026

Read: TSC To Hire 30, 000 Teachers In 2023

During the election campaigns, President William Ruto pledged to hire 116,000 teachers. However, this was postponed due to the economic situation in the country.

Ezekiel Machogu, the cabinet secretary for education, announced this on 17th November 2022  and added that the hiring is to take place gradually.

The government also plans to invest at least Ksh15 billion in 70 TVET colleges to help with student training.

The Kenya Kwanza Alliance also committed in its Education Charter to ensuring that every constituency has a Technical Training and Vocational Educational Training Institution as well as to complete the construction of Vocational Training Centers in each ward (TVET).

“Within the first two years, we will establish and fully equip a Tvet institution in each of the remaining 52 constituencies,” the charter states.

He also suggested creating a public university and boosting the existing three technical universities to eight across the eight regions.

Email your news TIPS to editor@thesharpdaily.com

Previous Post

EPRA Announces Licensing Of Electricity Generation For Individual, Commercial And Industrial Use

Next Post

What The Government Should Do To Make The Creative Economy Better

Sarah Wamaitha

Sarah Wamaitha

Related Posts

News

Land acquisition for first time owners

April 24, 2026
News

Trends in luxury real estate

April 24, 2026
News

Kenya’s Digital Tax Shift

April 24, 2026
News

KRA targets mobile money loopholes as informal sector tax crackdown intensifies

April 24, 2026
News

Liquidity-Led Gains or Fundamental Recovery? What Q1’2026 Reveals About the NSE

April 24, 2026
News

The role of external debt in economic development and financial stability

April 24, 2026

LATEST STORIES

How a regional refinery could reshape East Africa’s trade deficit

April 24, 2026

Land acquisition for first time owners

April 24, 2026

Trends in luxury real estate

April 24, 2026

NSSF remittances and the case for Tier II planning

April 24, 2026

Why Employers Should Join the Cytonn Umbrella Retirement Benefits Scheme

April 24, 2026

Strategic deleveraging is the reset CIC Group needed

April 24, 2026

Kenya’s Digital Tax Shift

April 24, 2026

Michael debut signals strong market demand for music biopics despite industry pressures

April 24, 2026
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024