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HELB's Response on the Move to Make its Loans a Grant if Raila Ascends to Power

As the country is gearing up for the succession politics to succeed president Uhuru Kenyatta next year, leaders have come out in the political arena giving promises to netizens on what they will purpose to do once they are elected to the top seat. Its just a day past the Madaraka day celebrations where many expected political wrangles in it, and the competitors of the top seat clearly hinting on their plans for the next general elections.

The former prime minister, Raila odinga while addressing the Meru University of science and technology students, he promised that once he ascend into power, the HELB loans will be converted to grants to students and no repayment will be required.

However, its a setback to this key leader as HELB through its fund's CEO, noted that the government is already running a Ksh43 billion grant through the Universities Fund. “This is money (grant) is paid to students in universities through the Differentiated Unit Cost (DUC) and they do not pay it back," Ringera noted.

Initially, Raila was pushing for the gratification of helb loans through the BBI that suffered a setback in court. However from the HELB certified sources, there is less that a president can do in the HELB loans conversion to grants as the national Treasury is in charge. It is seen that he has cushioned his aim in BBI to his economic model.

Content created and supplied by: RetlaWalter (via Opera News )

HELB Madaraka Meru University of science Raila


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