The University of Eldoret has increased in size of its operations since inception in 2013. For these operations to run smoothly, adequate finances are needed. However, government funding is subject to many factors, which have led to decline in capitation. As a consequence, the university has embarked on a strategic objective to strengthen resource mobilization and utilization by improving liquidity ratios. The IGU Directorate therefore, has been established to supplement the university financial base and bridge the budgetary deficit. This is through expanding the existing IGUs within the university and also identifying potential IGU ventures for increased profitability.
The main objective of the UoE IGU Directorate is to identify, promote, operationalize and profitably manage income generating units and activities to support the improvement of the infrastructure and financial viability and stability of the University.
The IGU is run by a competent IGU board that comprises members of staff appointed by the Vice Chancellor with experience and expertise in business management, resource mobilization and selected business leaders in the community.
The IGU harnesses its income from; Teaching activities; direct entry degree programmes, short courses, centres or campuses, Commercialization of research outputs, patents, Non-Teaching activities such as Catering, Farm (Crop, Livestock and Fisheries), Food products, Tailoring products and Scientific Products, Professional services offered at a fee and Consultancy services.
Prof. Balozi Bekuta
Director, Income Generation Units