Education CS George Magoha has announced pans to launch a loan facility targeting 3,000 private schools in Kenya.
CS Magoha announces Sh7B to help private schools
We understand the situation - CS Magoha
Colleges & universities to remain closed till 2021 - Education CS George Magoha
Recommended articles
While rehashing that schools will re-open in January 2021, Professor Magoha explained that the government is seeking to help private institutions wade the tough times with the new loan facility.
This coming after the Kenya Private Schools Association (KPSA) revealed that a number of private schools are having difficulties in meeting their operational costs.
"We understand the situation that they are in and that’s why the government has provided a Ksh7 billion shillings in concessional loan for private schools," the CS explained.
He further outlined that the loan will have an interest rate of either 2.5% or 3.5% depending on the institution.
Education CS Prof George Magoha, Governor Charity Ngilu & Education PS Belio Kipsang
Education CS Prof George Magoha, Governor Charity Ngilu & Education PS Belio Kipsang
Pulse Live Kenya
The announcement comes as some of the private schools are facing auction and others have been converted into other business ventures.
JOIN OUR PULSE COMMUNITY!
Unblock notifications in browser settings.
Eyewitness? Submit your stories now via social or:
Email: news@pulselive.co.ke
Recommended articles
President Uhuru confers City Status on Nakuru town
Kenyan boy recovers after Uhuru paid for his Sh5 million surgery [Photo]
Blow to Sonko as Twitter bans sharing private photos, videos of others without consent
Duale fumbles after Uhuru walks in on his interview on Live TV [Video]
Famous 2NK driver lands lucrative job in Nyeri County Government
26-yr-old billionaire commits suicide in Kenya after media pressure
Live Updates: Uhuru's State of The Nation Address [Video]
Magistrate shows mercy on Kamiti escapees