By Fredrick Odiero
The Kenya National Union of Teachers (KNUT) has realized an improvement in its revenue stream compared to the previous year, the Union’s National Treasurer Mr. James Ndiku has reported.
Ndiku said the Union realized the improvement from Ksh 572,222,387 in the year 2020 to Ksh 823,129,622 in the year 2021 which was an increase of Ksh 250,907,235.
In a report tabled before KNUT members during their 62nd Annual Delegates Conference (ADC) in Kisumu, Ndiku said the gains were as a result of concerted efforts by union officials after the June 2021 term elections.
Ndiku however said subscriptions by members went to an all-time low in the year 2020 when the Union received Ksh 572,222,387 down from 1,085,960,546 in the year 2019.
He said the unpredictable nature of revenue inflow has made it difficult for the Union to meet its budgetary obligations to its members and finance Head Office operations in addition to making remittances to branches.
Ndiku said they are committed to giving, members prudent financial management systems.
