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MKU acquires prime building in Nairobi

By James Wakahiu

Mount Kenya University desire to emerge as a leading virtual learning institution in the country got a major boost after the varsity acquired a Kshs. 800 million prime building in the city centre that, according to the University Board of Trustee Chairman Simon Nyutu Gicharu will strengthen and expand their virtual learning programmes.

Speaking to the press in Thika, Gicharu said his university got a long term loan from a local financier to enable it get hold of Union Towers which is opposite Hilton Hotel in the CBD.
Before changing hands the building was owned by Parkway Investment Limited, a firm retired President Mwai Kibaki and former Minister Njoroge Mungai Co-owned. For many years the building housed Kalamka Limited the publishers of the People Daily. Currently other Universities are also housed in the building. Gicharu said the site of the building makes it ideal for the University expansion in the city.
Gicharu said that MKU with over 30,000 students  was committed in availing quality, quantity, accessible and affordable education to Kenyans in a bid to supplement government efforts to realize vision 2030 and beyond.
Barely 2 months ago MKU made a Kshs. 0.3 billion to acquire Inoorero Tower in Nairobi's Parklands area. The building had been placed on notice for sale over unserviced loan.
Currently MKU whose headquarters are based in Thika of Kiambu County has 12 Campuses in Different parts of the country. It has also a Campus in Kigali, Rwanda and a marketing office in Juba, South Sudan. MKU also has a Campus in Somali land.
The new building will boost MKU fight for a fair share of working students in the city. Universities are embroiled in a fierce war for the control of the rising working students. MKU and Kenyatta University are the only higher institution for learning pursuing virtual learning programmes.
It is estimated that in the past five years, both public and private varsities have spent over Kshs. 5 billion in acquisition of premises and parking lots in the city. Other higher institutions of learning in Nairobi are University of Nairobi, Kenya Methodist University, Jomo Kenyatta University of Agriculture and Technology, Kenyatta university, Moi University and The Presbyterian University of East Africa.


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