Home Business Private schools borrow Sh14bn on Covid woes

Private schools borrow Sh14bn on Covid woes

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Business Daily | by Lynet Igadwah


Private schools borrowed Sh14 billion in the eight months to December for survival as Covid-19 pandemic paralysed learning, forcing some to shut down permanently.

The institutions turned to commercial sources of funding after the government went silent on its promise to provide a Sh7 billon stimulus package to help them navigate challenges posed by the pandemic.

Data from the Kenya Private Schools Association (KPSA) shows some 331 private schools with a student population of 65,600 and that had employed 1,200 teaching and…

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