Staff at fintech went unpaid for 6 months, WRC told

Staff at fintech went unpaid for 6 months, WRC told

A software developer who drained his savings and resorted to selling his photography equipment to cover his rent after going without his salary for six months has secured an order for €46,664 in back pay.

TUK: Technical University Declared Insolvent Amid Ksh12 Billion Debt Crisis - Business Today Kenya

The Parliament has declared the Technical University of Kenya (TUK) insolvent, citing an overwhelming debt of Ksh12 billion that has crippled the institution’s operations. To declare something insolvent means to formally recognise that an entity, such as a business, organisation, or individual, cannot pay its debts as they come due. The decision, which was announced […]

Parliament declares TUK insolvent over Sh12 billion debt as staff unpaid since 2013 - KahawaTungu

The Parliamentary Committee on Education and Administration declared Technical University of Kenya (TUK) financially insolvent — and directed government auditors to immediately investigate its financial management within three months. This is as it holds talks with the Ministry of Education on how to handle the TUK crisis that threatens to completely stall all activities at [...] The post Parliament declares TUK insolvent over Sh12 billion debt …

Parliament declares TUK insolvent over Ksh.12B debt as staff unpaid since 2013

The financial rot at the Technical University of Kenya is now under the spotlight, as both past and current administrators faced tough questions over how the institution sank into billions in debt.