David Ndii’s proposal to pull university funding completely out of the national budget and push it into a market-funded model is not economic genius. It is an ideological gamble with an entire generation.
Education is not a private investment fund whose success should depend on whether capital markets find it attractive. Universities produce teachers, doctors, engineers, lawyers, researchers and scientists the human capital on which the economy itself depends. Treating that ecosystem as a commercial asset is a category error.
The infrastructure proposal is equally troubling: move commercially generating utilities out of the budget and finance them through an infrastructure fund that raises money from the market. Fine capital markets can finance infrastructure. But the moment essential public services become primarily beholden to investors, the governing objective shifts from public value to financial return.
Private capital has one fundamental obligation: returns to capital. Government has a different obligation: public welfare.
Kenya already has a higher-education financing crisis. The current model has struggled badly, and even the government is now redesigning it. The answer cannot be to run away from public responsibility and hand the financing of education to the market.
Ndii is not proposing a technical adjustment. He is proposing a philosophical transformation of the Kenyan state: turning public goods into investable assets and asking markets to determine what society can afford.
That is the kind of policy that can look brilliant on a spreadsheet while destroying social mobility in the real world.
You do not build a knowledge economy by making education hostage to the market. That is a generational fumble.
An informative talk.
Two things caught my attention:
Timestamp 10:20: "... We are going to take university funding out completely... from October we are taking that out completely of the budget into a sort of market funding model where the government just capitalizes the fund over a long period but the fund actually raises money from the market..."
Timestamp 10:54: "... And of course we are also finally got our national infrastructure fund in place, and that should take out the heavy capex infrastructure things out of the budget as well, beginning, I think this is the last year that we have things like the utilities, all the utilities, power, water, any of the utilities that generate commercial revenues, this is the last year that we have them on the budget..."
Market funding for university education?
Withdrawal of budgetary support for public utilities?
This is quite a roll of the dice.
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Hii urafiki ya wasichana ntaacha walaaaiiii
Tunaenda poa for drinking politely after umeona beshte yako ananirushia signs unaanza za unanipenda. Likeee????
the aberdares will always be the prettiest place in this country..and that's from someone who loves the beach but nothing beats it..I'm always in awe everytime ❤️
Klopp est un immense coach mais le destin lui a toujours mis les pires monstres possibles sur la route. Le Bayern de Heynckes le Real qui gagne 3 C1 d’affilée puis le City de Pep où tu peux faire 97 points et finir quand même 2e… dans une autre époque il domine le football pendant 10 ans
One of my principles of adulthood is: ‘Buy nice to avoid buying twice.’
In your quest to save money, always opt for quality to avoid spending twice on the same item.
Audi is nice, fast, luxurious etc but damn. It’s so hard to beat this 23 year old gem. Everyone should own a turbo SG5/9 at a point in life! Too good this car! Too good!
Head of Government Delivery Services Peter Mbae speaks on his resignation
He says that it’s not possible to achieve development in a toxic political environment, adding that toxicity cannot go hand in hand with service delivery.