De-Mystifying HELB-nomics.
On average, a Kenyan would spend approximately 4 years in the University to complete and graduate an undergraduate course. Higher Education Loans Board (HELB) provides student loans to University students to a tune of Kshs. 200,000, translating to Kshs. 50,000 p.a. By 2019, a total of 125,746 students were set to join different universities in Kenya. Assuming that each of these students received Kshs. 200,000 for the 4 year study period, it will be a whooping Kshs . 25.2B. Our Kenyan education system has for a long time been one that is pre-designed to churn out “job seekers” rather than “job creators” resulting to a ballooning populace of Kenyans supposedly with degrees. The Kenyan Economic survey, 2019-KNBS, indicated that 83.6% ( Kenya’s informal sector employs nearly 15 million Kenyans, according to 2018 estimates, compared to the 2.9 million who work in the formal sector. These 15 million Kenyans are the domestic workers, cleaners, beauticians, mec...