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Ruto: Why we are merging Helb, university placement body

President William Ruto.

President William Ruto.

Photo credit: File | Nation Media Group

President William Ruto has confirmed that his administration will do away with the Higher Education Loans Board (HELB) and instead come up with a different formula to finance institutions.  

In a joint media interview at State House Nairobi on Wednesday evening, President Ruto said many universities in the country are experiencing financial woes as a result of poor funding, even as students continue to throng higher education institutions.