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Helb to manage Bomet’s Sh30m college revolving fund - 1 months ago, 18 Jan 09:04

By: Vitalis Kimutai

The Higher Education Loans Board (Helb) will now be managing the Sh30 million Bomet County government’s revolving fund which will benefit students in universities and middle level colleges.

Governor Joyce Laboso and Helb Chief Executive Officer Charles Ringera signed memorandum of understanding Thursday and said the fund will benefit 1,500 students from the county in the current financial year.

“This year we have allocated Sh30 million to the fund and a similar amount will be allocated in the 2019/2020 financial year and another Sh20 million in the following year,” said Dr Laboso during the signing of the MoU in her office.

SKILLS SHORTFALL

She said the move will enable the county to bridge the shortfall in skills in the various departments in the county, noting that the discussion with Helb on creating and administering the fund started in 2015 and is being realised four years later.

Dr Laboso, who is the chairperson of the Council ...
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