19 September 2018

Zimbabwe: MSU Turnover Surges

Midlands State University has witnessed a significant increase in turnover from $132 million last year to $145 million this year.

In a consolidated financial statement for 2017 released by MSU, the university's assets and reserves are now at $271 million up from $234 million recorded in 2016.

According to the financial statement, staff costs which include salaries gobbled more than $85 million.

Of the total income recorded in 2017, $73 093 207 came from MSU Group a subsidiary of companies and other income generating projects.

MSU has more than 23 000 students. The university plans to open a new campus in Kwekwe which will house faculties of Law, and Natural Resources Management and Agriculture.

It already has campuses in Zvishavane, Harare and Botswana.

The institution recently weaned Manicaland State University of Applied Sciences in Mutare and is incubating a university in Swaziland.

MSU Vice Chancellor Professor Victor Muzvidziwa said students owed the university close to $20 million in unpaid fees.

He said the students had been advised to embrace and utilise the school fees loan facility which was unveiled by the Government last year to cushion students from underprivileged families.

"Our students owe the university $20 million in fees arrears. This is a lot of money that can help us develop our institution.

"We encourage students to utilise the student loan facility," he said.


August 1 Horror - Victims Shot Dead By Soldiers They Celebrated Coup With

48-year-old Garvey Edwards was shot twice point blank by a soldier; one of the many he had taken selfies with in… Read more »

See What Everyone is Watching

Copyright © 2018 The Herald. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 600 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.