MMUST Hosts Stakeholders Meeting to Review 2024/2025 Budget and Unveil 2025/2026 Financial Projections
Masinde Muliro University of Science and Technology (MMUST), through its Public Finance Management Standing Committee, today 22nd July 2025, held a stakeholders meeting to deliberate on the institution’s budget performance for the 2024/2025 Financial Year and to present projections for the 2025/2026 Financial Year. The meeting, which took place at the University’s Main Catering Unit (MCU) brought together Heads of Cost Centers and was spearheaded by the Deputy Vice Chancellor (Academic and Student Affairs)- Prof. Hussein Golicha. This is a key exercise that demonstrates the University’s commitment to inclusive governance and fiscal transparency.
The Deputy Vice Chancellor (Academic and Student Affairs)- Prof. Hussein Golicha makes his remarks during the meeting.
Speaking during the meeting, Prof. Golicha lauded the Finance team led by the Finance Officer CPA Jared G.O.O Rading’ for embracing participatory budgeting and aligning financial planning with the institution’s strategic goals. Further, Prof. Golicha encouraged all the departmental heads to remain actively engaged in ensuring the effective implementation of the budget.
The Ag. Deputy Vice Chancellor (Planning, Research and Innovation)- Prof. Peter Bukhala addresses participants during the meeting.
Similarly, the Ag. Deputy Vice Chancellor (Planning, Research and Innovation)- Prof. Peter Bukhala emphasized the need for innovative resource mobilization strategies to support the budget.
“We must fully tap into workshops, conferences, consultancies, and research projects as alternative sources of income. These platforms are not only academically enriching but also financially viable,” said Prof. Bukhala.
Additionally, he advised the Finance Department to recognize and motivate departments, researchers, and units that consistently attract external funding, noting that such incentives would drive a culture of productivity and financial sustainability across the University.
The Finance Officer -CPA Jared G.O.O Rading’ explains a point to the participants.
Delivering the key financial report, CPA Rading’ gave a comprehensive presentation of the past year’s budget implementation highlighting achievements, challenges, and areas of improvement. He emphasized the need for prudent financial planning and stakeholder participation in shaping a financially sustainable future for the University. The Finance Officer also unveiled the Proposed Budget Estimates for the 2025/2026 Financial Year, which are aligned with the University’s Strategic Plan, Vision 2030, and the Bottom-Up Economic Transformation Agenda (BETA).
A section of the participants at the meeting.
“The University has been on a steady growth trajectory. In this Financial Year we have allocated more resources on strengthening academic-oriented activities and supporting research. The University is keen to enhance its debt recovery mechanisms to ensure financial sustainability. As we roll out the 2025/2026 budget, I call upon all departments to take full ownership of its implementation,” stressed CPA Rading’.
In his final remarks, CPA Rading’ reiterated the University’s commitment to sound financial management, transparency, and efficient service delivery. Additionally, he noted that the University is in the process of onboarding the e-procurement system, in compliance with the directive from the National Treasury, as part of ongoing efforts to enhance accountability and streamline procurement operations.
The Dean- School of Medicine- Dr. Anthony Sifuna asks a question during the meeting.
The meeting provided an inclusive platform enabling participants to actively engage in the budgeting process by offering constructive feedback, seeking clarifications on key financial matters, and proposing priority areas to be factored into the final formulation of the 2025/2026 budget. This participatory approach not only enriched the dialogue but also ensured that the budget reflects the collective needs and strategic direction of the University.
As the 2025/2026 Financial Year takes shape, MMUST is reinforcing its commitment to fiscal accountability and strategic resource allocation.
By Linet Owuor
Photos by Ronny Obuolo
