Private schools go online in search of fees for survival

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Private schools are settling for online classes in an attempt to create income as the closure of learning institutions hit the second month due to the coronavirus pandemic.

The Front-tier instructions like the Aga Khan Academy, Rusinga School, Braeburn Schools, Kenton School, Banda School, Sabis School, and Cavina School have come into an agreement with parents to teach students online at a certain set fee.

Mid-level schools such as Makini School and Riara School are also in preparation for online classes in the coming weeks as other institutions get themselves ready for online classes.

Last month President Kenyatta ordered the closure of all schools, universities, and colleges, which has now led private schools to turn to online tutoring as their teachers and workers been laid off for a month in the wake of the pandemic. Online classes will boost their cash flow, enabling them to pay their teaching and non-teaching staff, repay loans, and maintain the school facilities.

Some institutions are already engaging the government for financial aid to enable then to run their operations. Unlike government schools, private schools do not get state capitation meaning they depend entirely on school fees to run their institutions.

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Anthony Kiratu is the Founder of Finsolutions. He is a financial analyst with over 5 years experience in research, investment advisory, valuation and financial modelling. Anthony is a member of the Institute of Certified Investment and Financial Analysts and Institute of Certified Public Accountants of Kenya. He is passionate about development of African Capital Markets through training of investors and dissemination of information for sound financial and investment decision making process. He is also a part-time lecturer in the Certified Investment and Financial Analyst course in the subjects of International Finance, Portfolio Management, Equity Investment Analysis, and Fixed Income Securities. Email: anthony@finsolutions.co.ke Contact: +254 780216631

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