Managers of Kenya Methodist University (KeMU) which is The Methodist Church of Kenya (MCK), has put two of its main assets on sale so as to settle part of the institution’s Sh3 billion debt. It has however refuted claims that the university will be closed saying that those are malicious attacks paddled by former leaders in attempts to discredit the current leadership, they added that they were facing financial difficulties just like any other institution but are in the middle of handling the situation.
KeMU’s chancellor who also doubles as the church’s president, bishop Joseph Ntombura said that, the management has put on the market the five-storey KeMU Hub which is located along koinange street in the Nairobi’s CBD and a plot of land along kipchoge avenue in Nakuru in order to reduce the university’s debt. He added that the university has Sh1.8 billion in debts and sh.1.3 billion as credit and that selling some of the institution’s asset will help in reducing the debt.
The university currently has 8000 students in session and its next graduation is set for October 13th.