Income Generation, Investment and Asset Utilization
The aim of this experiment is to help SUA improve managerial practices and income (1) from small and medium-sized income-generating projects operated by departments and (2) from joint ventures in which SUA would be a partner. The project is designed to help SUA achieve long-term control over the strategic direction of income-generating activities while freeing the management of these activities from the bureaucratic delays that are pervasive in the public sector. In addition, the project aims to help SUA develop a decision-making framework for wise use of its assets, which include land, buildings, equipment, intellectual property and reputation.
Current Status – Active
The Vice Chancellor has requested assistance from iAGRI in developing the administrative, legal, and financial framework for SUA INVEST, a private company owned by the university for income-generating purposes, and an office of Resource Mobilization at the university. A SUA task force has prepared a draft plan for the company and iAGRI is providing feedback towards refinement of the plan.
Key Actors at SUA
Vice Chancellor and Deputy Vice Chancellor-A&F
Prof David Kraybill, Chief of Party
Start date of the first ‘Conversation that Matters’: March, 2015
Stage 1 – Conversations That Matter
There were two conversations that mattered: (1) the first conversation involved the Vice Chancellor and the Director of iAGRI and focused on a plan for gathering information about what other universities in East Africa are doing to mobilize resources.; it ended with an agreement to undertake a study tour to visit Kenyan universities. (2) the second conversation involved the Vice Chancellor and the Director of iAGRI and dealt with the implementation of a section of SUA’s Investment Policy of 2004 which called for the university to launch a private company to handle income-generation activities of the university and to pursue investment opportunities. The first conversation led to a study tour to three universities (Jomo Kenyatta University of Agriculture and Technology, Kenyatta University, and Eggerton University) in January 2015 with five SUA officials and two persons from iAGRI participating.
Stage 2 – Ways That Work
The study tour to Kenyan universities in January 2015 was preceded by careful planning, including a detailed list of questions to ask during the visit. The study tour team summarize their findings at the end of each day during the visit and then prepared a report that was submitted to the Vice Chancellor after returning to campus. The report prepared by the study tour team included a set of recommendations for mobilizing income-generation and investment by the university.