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Stakeholders are still awaiting a response from the education cabinet secretary to a World Bank report released earlier this year which put Kenya’s Higher Education Loans Board on the spot for mismanaging its funds at the expense of needy students. The report, indicates that the Higher Education Loans Board is spending excessive money on administrative costs that could be added to students’ loans. It recommends an overhaul of the loan disbursement and recovery mechanisms.

Following 2013 Cabinet’s approval for the funding framework to ensure equity and transparency in the allocation of financial resources to public higher education institutions, the National Council for higher Education (NCHE) says budgetary submissions are being finalised for the 2017/18 financial year. The funding framework was for the first time implemented this current financial year for the country’s only two public higher education institutions.

The Chinese government is buying influence over Australian universities by donating libraries and funds for institutes as part of a broader push to strengthen its soft power in the country, two Australian journalists have argued. The debate in Australia echoes concerns in the US, where the Chinese government has been accused of seeking to exert control over the academy by funding Confucius Institutes on university campuses.

University officials at Hong Kong Polytechnic University – a publicly funded institution – have been scrambling to explain its use of companies registered in secretive offshore tax havens, after revelations in the Panama Papers that it set up two companies offshore to channel funds. The university, known locally as PolyU, had not declared in any of its financial reports that it set up two companies in the British Virgin Islands in 2012 and 2013 as wholly owned subsidiaries of the university, raising questions about its financial transparency and reporting.

Education Minister wants to make universities more accountable for how they spend their money after it was revealed billions of dollars a year are redirected from teaching to research. A report by the Grattan Institute found that universities report the $26 billion they spend each year in an "opaque" way, concluding: "Australia needs a more transparent system for reporting how universities spend their money."

A recent study by the anti-corruption watchdog Transparency International's Bangladesh chapter looking into private universities' alleged "monetary irregularities" has triggered a heated public debate, with education authorities disputing the claims.

In a case that has rocked the academic community in Taiwan and put many scientific research projects in jeopardy, 22 professors at some of the country's top universities – including the prestigious National Taiwan University – have been charged with using false receipts to claim reimbursements out of research funds.

The financial management of the elite Institute of Political Studies in Paris has been strongly criticized in an official report that found evidence of exorbitant bonuses, absence of controls and waste of public funds. The report revealed a chaotic management that consisted more of "little deals between friends than a serious administration of public funds".

Investigations into alleged misuse of Dutch government funds at Uganda's main university are deepening. The vice chancellor of Kampala's Makerere University is being questioned about 810,000 euros reported missing. And it's not the first time the top academic administrator is quizzed about where money has gone.