Transformation of financial system in Kenyan public higher education and funds-raising of colleges and universities
The financial system in Kenyan higher education transferred from all the cost disbursed by the government to cost-sharing in the 1990s. In the new system, Kenyan colleges and universities raise money by providing parallel degree and diploma programs, and through actions such as production, business and services. These actions have improved the school running, expanded students’ study opportunities, improve the efficiency of higher institution running and its social adaptability. But the income-generating actions of these institutions are confronted with various challenges, so funds are still lacking. The further reform of the financial system in Kenyan higher education should emphasize on adjusting the relationship among higher education scale, structure and quality, and readjust the structure of various income generating activities, improve qualification of those income generators.