NCBA, Isuzu join hands in school bus financing
Thursday January 28 2021
By KEVIN ROTICH
Summary
Under the financing deal, private schools will enjoy up to 72-month repayment period on buses bought from Isuzu East Africa. The NCBA loans have an interest rate of 13 percent.
The financing deal was arrived at following a consultation with 822 schools under the Kenya Private Schools Association (KPSA) umbrella.
NCBA Bank #ticker:NCBA is targeting schools with a new financing deal to meet transport demand amid a reduction in buses’ carrying capacity due to coronavirus.
This comes on the back of a requirement restricting school buses to utilise half of their normal capacity.
Exodus to rural schools as Covid saps incomes
Tuesday January 19 2021
Children and parents queue at Concordia Primary School in Mombasa to seek admission on January 4, 2021. FILE PHOTO | NMG
By ELIZABETH KIVUVA
Summary
The Covid-19 economic crisis has put many families across the country in a fix, forcing them to make hard choices, if only to stay afloat.
Arguably, none has been as tough as the choice of school for the thousands of parents who have had to drastically cut their expenditure in the face of shrinking income sources.
The hole dug by the health pandemic on many a parent’s pockets was evident when schools reopened on January 4 with most seeking to transfer their children from private to public institutions.
English By Brenda Mulinya Share on Facebook Print this page
Sorry, but your browser cannot support embedded video of this type, you can download this video to view it offline.
Download File
The building was a privately-run Nairobi kindergarten until July, when the COVID-19 pandemic forced it to close. The corona pandemic is the one that made me to get this shop, because the school was closed, and there were no kids, Kamande said.
Kenya s Private School Association says nearly 400 private schools were forced to close because of the pandemic, affecting 56,000 students.
Now the buildings are being repurposed, as shops, storage facilities, businesses and residences.
Private schools borrowed Sh14 billion in the eight months to December for survival as Covid-19 pandemic paralysed learning, forcing some to shut down permanently.
Devdiscourse News Desk | Nairobi | Updated: 07-01-2021 13:23 IST | Created: 07-01-2021 13:23 IST
Representative image. Image Credit: Twitter (@KituiCountyGovt)
With the reopening of schools in Kenya, the schools are observing a trend where students are exiting private schools and getting enrolled in public institutions, according to a report by Kenyans.co.Ke.
Reportedly stating in a press meet earlier on Wednesday, George Magoha, Cabinet Secretary of EducationKenya noted that around 10,000 students in the country have been enrolled in public schools.
Advertisement
Schools in Kenya opened on January 4, 2021, after which the trend has been observed, it reported. In Nyeri over 1,000 students had switched to public institutions, he added.