Private schools to receive Ksh.7B in loan to salvage their operations

Close to 3000 private schools are going to benefit from a Ksh.7 billion concessional loan from the state to support infrastructural development in readiness for schools reopening early next year.

The loan will be provided at an interest rate of between 2.5 and 3.5% to support areas for instance installation of ICT systems to ensure learning continues during the phased reopening of schools.

“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,” Education CS George Magoha stated.

The government funds are also expected to cater for ICT infrastructure in readiness for a phased reopening.
Schools that will get the money will also be expected to procure sanitary and hand-washing stations to ensure the highest levels of hygiene. Private schools have been hard hit as they have been starved of their main source of income from fee payment.

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