Kampala University Kitengela Campus Faces Sale Due to Sh1.9bn Debt
Kampala University Kitengela campus is now on the market as the university seeks to resolve a substantial Sh1.9bn debt. Initially borrowed in 2014 for the campus’s development, the university has since faced default issues.
Financial Moves by Kampala University
The move to sell the campus comes as Kampala University leverages its more established campuses' successes. The financial strategy aims to enhance liquidity and reorganize its financial standing.
Background of the Debt
- Loan borrowed in 2014 for expansion.
- Default has triggered a need for drastic measures.
- University aims to optimize financial health.
Future Plans for the University
By selling the Kitengela campus, Kampala University strives to reevaluate its vision while focusing on solidifying existing campuses. This sale is a pivotal moment for its institutional strategy.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.