A project is in the works that plans to build hostels for over 34 000 students in Kenyan universities in an attempt to ease some of the accommodation pressure the schools are currently facing.
Economics-based consultancy firm, Genesis Analytics in partnership with the private sector plans to build hostels at five universities and colleges in the East African country.
Universities in Kenya are growing rapidly with the expansion of academic programmes in the region. These institutions are struggling to provide additional housing for the about 70 000 new students they admit annually.
“We are aware that the successful completion of this assignment relies strongly on our ability to leverage local expertise and knowledge of this sector,” said Joel Barnor, Genesis project manager.
According to Treasury’s Infrastructure Finance and Public-Private Partnership Unit (IFPPP), it would undertake a 18-month feasibility study on the commercial and technical viability on the five projects to be implemented at Moi University, Embu University College, Egerton University, South-Eastern Kenya University (SEKU) and Kenya Technical Trainers College (KTTC).
The IFPPP is a World Bank-funded credit facility that promotes private investment in the Kenyan infrastructure over an extended period of time to improve the environment to generate a pipeline of bankable public-private partnerships (PPP) projects.
The services of private sector developers would be to develop, operate and maintain the hostels.
This is in line with the country’s Strategic Vision 2030 mission which obligates universities to meet the growing demand for higher education and to improve the welfare of students – addressing the shortage of residents is their contribution to the vision.
“Genesis/CRISIL have therefore also partnered with a number of Kenyan based firms that with the requisite technical skills and local contextual experience to augment the international strength of the consortium leads and ensure that the consortium delivers an exceptional project that is fit for the local context,” Barnor added.