Jomo Kenyatta Foundation Broke, Scales Down Printing Operations
The Jomo Kenyatta Foundation (JKF), a leading publisher of learning materials in Kenya, has scaled down its printing operations due to financial constraints.
The organization has been struggling to meet its operational costs, resulting in the reduction of its printing capacity by 50%.
According to JKF’s CEO, James Mworia, the COVID-19 pandemic has had a significant impact on the organization’s revenue streams. The closure of schools and bookshops has led to a decline in demand for learning materials, which has affected the organization’s cash flow.
Mworia added that the organization was also facing stiff competition from other publishers in the market, which had led to a reduction in its market share. He noted that JKF was exploring alternative revenue streams, such as online sales and partnerships with other publishers, to remain afloat.
The JKF is a non-profit organization established in 1966 to provide affordable, high-quality learning materials to students in Kenya.
It has been a leading publisher of textbooks, revision guides, and other educational materials for over five decades. The organization has played a critical role in improving access to education in the country, particularly in rural areas.
The reduction in JKF’s printing capacity is a significant setback for the education sector, as it will limit access to affordable, high-quality learning materials.
The government and other stakeholders in the sector must step in to support the organization and ensure that it continues to play its critical role in providing education to Kenyan students.
In conclusion, the financial constraints facing the Jomo Kenyatta Foundation have led to a reduction in its printing capacity by 50%, which will affect access to affordable, high-quality learning materials.
The organization is exploring alternative revenue streams to remain afloat, and the government and other stakeholders must support it to ensure that it continues to provide education to Kenyan students.
Jomo Kenyatta Foundation Broke, Scales Down Printing Operations
