The office of the Coordinator, Third Stream Income (TSI) is mandated to enhance revenue generation from existing income generating units and identify new business projects that the University can invest in and sustainably generate funds to complement Government funding to finance both development and recurrent expenditure.
In order to fulfill its mandate, close working relationships have been established with Corporate Affairs, Farm, Admissions, Catering and Estates departments, among others. To achieve this, the University Management Board established two committees; Publicity and Farm Management Committees to aid the office achieving its mandate.
Following the Government’s plan to turn the country into a middle-income economy through Kenya Vision 2030 and The Big 4 Agenda, the University has identified relevant priority areas to focus on, in order to contribute to the achievement of the two blueprints.
One of the projects that the University is undertaking to support the realization of the Food Security pillar in the Big 4 Agenda is to enhance production of yoghurt, a component of value addition in the pillar. The procurement process for the purchase of machines and equipment for the project is underway. The office of the Third Stream Income (TSI) and the Farm Department will spearhead this process. Proceeds from this project will enhance revenue streams in the University.
The last one year has registered successes in various projects and activities that the office has been undertaking, in conjunction with the relevant departments as;
i) Increase in enrollment of Government Sponsored student
The Publicity committee develops and implements marketing strategies to recruit new SSP students, establish and maintain a working relationship with institutions that the University partners with in recruiting students and increase the general University visibility. The university has successfully held a Career day for Secondary Schools in Embu and neighbouring counties, Open Day for immediate university stakeholders and participated in individual school and county Education Days in the region.
ii) Increased University farm productivity
During the last financial year, the Farm Management Committee undertook three major projects that have increased farm revenue. Firstly, the construction of a new piggery unit has been completed and has a capacity of rearing a breeding stock of 50 guilts, 10 boers and 200 piglets. The unit has been fully stocked and piglets are sold to farmers in the region. Secondly, the poultry unit has been modernized by installing battery cage system units that has increased the number of birds from 500 to 2,500. The poultry products are consumed within the university and the surplus sold to external markets. Thirdly, the committee has ensured that the farm produces milk, poultry products and horticultural produce needed by the University’s catering department. This ensures that the University cushions itself from erratic product supply, price fluctuations by external sources and realizes overall cost reduction.