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Samsung C & T Corporation Willing to Sponsor Varsity Teaching & Referral Hospital
Since 2014, the University of Nairobi has had plans of building a teaching and referral hospital. Following this quest the University has been looking for partners to fund this project.
Samsung C &T Corporation is one of the sought partners. Samsung is a mother company to Samsung C &T. This branch of the corporation deals with project development.
The Vice Chancellor, Prof. Peter Mbithi said that currently the University uses Kenyatta National Hospital for its teaching medical school. As the Hospital is a government owned hospital, UoN does not fully get its research needs met. It is from this limitation that this project was birthed.
The VC said that the University will provide land of 100 acres as its contribution to the project.
Mr. Boemsoon Lee, Vice President of Samsung C &T said that the company supports projects from their inception level to their operation and maintenance level. He said that this branch of the company has experience in projects such as hospitals, roads, railways, university projects among others. He pointed out that they are currently supplying medical equipment for a medical school in Tanzania.
Mr. Lee said that his company organizes the funding from the Korean government that offers soft loans at 0.1% interest rate per annum, payable in 40 years. He urged the University to work with the government through the National Treasury to secure the funding.
Further, the Vice President urged the University to put down in writing a concept of the project and the objectives.
Prof. Mbithi appointed Prof. Isaac Mbeche, Deputy Vice Chancellor, student Affairs, Ag. Deputy Vice Chancellor, Administration and Finance and Mr. John Orindi, Director, Corporate Affairs to organize follow up meetings and come up with a detailed document on the project.
The courtesy call was in the Vice Chancellor’s Boardroom on Thursday, September 22, 2016.