ACRONYMS Association of Chartered Certified KPI Key Performance Indicators ACCA Accountants KRA Kenya Revenue Authority Association of Commonwealth ACU Kshs Kenya Shillings Universities MBA Master of Business Administration BAC Bachelor of Arts in Communication MC Management Committee Bachelor of Arts in International BIS MOU Memorandum of Understanding Studies MW Megawatts Bachelor of Arts in Development BDP Association of Schools of Public Studies and Philosophy NASPAA Affairs and Administration BPO Business Process Outsourcing National Environmental Management CAF Confederation of African Football NEMA and Authority CDE Challenge Driven Education NITA National Industrial Training Authority CEO Chief Executive Officer NPS National Police Service Centre for Intellectual Property and CIPIT Partnership for Enhanced Blended Information Technology PEBL Learning Centre for IT Security Privacy and CISPA PIC Policy Innovation Centre Accountability PhD Doctor of Philosophy Committee of Sponsoring COSO Organisational Framework PPA Power Purchase Agreement CPA Certified Public Accountant Prof. Professor CUE Commission of University Education PV Photovoltaic UK Department for International Sub Saharan Africa International DFID SAIMUN Development Model United Nation Conference Strathmore University Business DRAMASOC Drama Society Club SBS School DVC Deputy Vice Chancellor SDGs Sustainable Development Goals Emirates Academy of Hospitality EAHM Management SEDC Enterprise Development Centre East and Central Africa Social Strathmore Extractives Industries ECASSA SEIC Security Association Centre EMEA European Middle East and Africa SERC Strathmore Energy Research Centre School of Humanities and Social ENACTUS Entrepreneurial Action Us SHSS Sciences ERC Energy Regulatory Commission Strathmore Institute of Public Policy FIT Faculty of Information Technology SIPPG and Governance FKF Football Kenya Federation Senaca International Security Deutche Gesellschaft fur International SISC GIZ Company Zusammenarbeit SLS Strathmore Law School Haemoglobin Oxygen Affinity SSTL Strathmore Solar Testing Laboratory HOPE Modulation to Inhibit HBS Social Technical Approach to Road Polymerization STA Safety HOSCO Hospitality Connect STH School of Tourism and Hospitality ICA International Cooperative Alliances SUF Strathmore University Foundation Information Communication and ICT Strathmore University IT Students Technology SUITSA Association International Centre for Tax and ICTD Development SU Strathmore University International Criminal Tribunal for the TFTA Tripartite Free Trade Area ICTY Former Yugoslavia UK United Kingdom International Centre on Hotel United Nations High Commission for UNHCR ICHRIE Restaurant and Institutional Refugees Education United Nations Convention on the UNCLO ICJ International Court of Justice Law of the Sea Institute of Electrical and Electronics VC Vice Chancellor IEEE Engineering VCD Vice Chancellor Designate International Professional Practices Vocational Training and Education for IPPF VOCTEC Framework Clean Energy IOT Internet of Things Women in Sustainable Energy and WISE IT Information Technology Enterpreneurship KAM Kenya Association of Manufacturers TABLE OF CONTENTS 01 STRATHMORE AT A GLANCE 4 OUR IDENTITY 5 OUR VISION AND MISSION 5 OUR VALUES 6 OUR SCHOOLS AND RESEARCH CENTRES 7 MILESTONES OF STRATHMORE 8 02 STRATEGIC REVIEW 10 INTRODUCTION 11 OUR BUSINESS MODEL 14 03 FINANCIAL OVERVIEW 16 2018 HIGHLIGHTS 17 04 STAKEHOLDER ANALYSIS AND ENGAGEMENT 22 05 GOVERNANCE AND MANAGEMENT REPORT 26 WHO GOVERNS US 30 CORPORATE STRUCTURE OF THE UNIVERSITY 37 WHO LEADS US 38 STATEMENT FROM THE CHAIRPERSON 40 STATEMENT FROM THE VICE CHANCELLOR 42 CORPORATE GOVERNANCE REPORT 44 06 RISK MANAGEMENT REPORT 52 07 SUSTAINABILITY REPORT 56 HUMAN/ INTELLECTUAL CAPITAL 57 UNIVERSITY POWERED BY THE SUN 61 08 RESEARCH REPORT 66 09 STUDENT AFFAIRS REPORT 70 10 SCHOOLS REPORTS 74 11 FINANCIAL STATEMENTS FOR THE YEAR ENDED DEC 2016 112 STRATHMORE UNIVERSITY | ANNUAL REPORT 2018 3 01 STRATHMORE AT A GLANCE OUR IDENTITY The Three Hearts represent the three Yellow: (Gold) Gold means races which, in 1961 when the eternity, perfection. University started, were segregated Blue: (Azure) Sky blue means in the colonial system of education. high ideals, high aims. Today, it symbolises the common aim of Red: (Gules) Blood red means parents, teachers and students in the ce, love, fortitude. educational process of Strathmore. The Lion is the symbol of strength and courage, and of the determined for excellence and justice. It also represents Kenya, our country, which strives to attain all the qualities mentioned above. The Motto "Ut omnes The Rose in full bloom represents love, unum sint" is Latin. It is a the source of all good desires and actions, quotation from a passage even if at times this means lo ce, as of the Gospel, and means represented by the thorns. That all may be one. OUR MISSION OUR VISION To provide all-round quality education in an atmosphere of To become a leading freedom and responsibility out-come driven excellence in teaching, entrepreneurial research research and scholarship, University by translating our ethical and social development excellence into a major and service to society. contribution to culture, economic well-being and quality of life. STRATHMORE UNIVERSITY | ANNUAL REPORT 2018 5 OUR VALUES Our Values SERVICE TO SOCIETY We serve society through research, education and 01 institutional citizenship. EXCELLENCE Through sanctification of work, we strive for work 02 excellence and the highest-quality output. LIFE-LONG LEARNING We develop programmes and adapt teaching methods that equip learners with skills and tools for 03 innovation and adaptability, and personal development. FREEDOM AND RESPONSIBILITY We respect the freedom of the 04 individual person and acknowledge that with freedom comes responsibility. SUBSIDIARITY We seek to provide solutions at the most immediate level 05 to a need. PERSONALIZED ATTENTION We seek to provide an environment 06 where all our stakeholders can receive individual and customized service and support. ETHICAL PRACTICE We honour the beliefs, morals and values of the academic 07 profession and help others to do the same. COLLEGIALITY We respect one another’s commitment to a common 08 purpose and work together to meet the needs of our clients. 6 STRATHMORE UNIVERSITY | ANNUAL REPORT 2018 OUR SCHOOLS AND RESEARCH CENTRES OUR SCHOOLS With 13 undergraduate programmes, 11 master degrees, PhD programs and several executive training offerings. Strathmore University continues to provide competitive high quality education. This takes place in a diverse student community from 26 different nationalities, and served by staff with a balanced 1:1 representation of men and women from 12 different countries. Strathmore Faculty of Institute for Information Mathematical Technology Sciences School of Strathmore Humanities Law School and Social OUR Sciences SCHOOLS Strathmore School of University Tourism and Business Hospitality School OUR RESEARCH CENTRES Strathmore is a research-intensive university with 18 research centers: @iLabAfrica Strathmore Research and University Press Innovation Centre Strathmore Tax Centre for Research in Research Centre Therapeutic Sciences Strathmore Risk Centre for Research Management Centre and in Organisations, Strathmore Centre for Work and Family Value Investing Strathmore Institute for Institute for Public Healthcare Policy and Management Governance Kenya Climate Strathmore Innovation Institute for Family OUR RESEARCH Centre Studies and Ethics CENTRES Strathmore African Centre Strathmore for Business and Extractives Industry Human Rights Centre Strathmore Centre for Strathmore Enterprise Intellectual Property and Development Centre Information Technology Law Strathmore Strathmore Centre Energy Research for Sustainability Strathmore Centre Leadership Dispute Research Centre STRATHMORE UNIVERSITY | ANNUAL REPORT 2018 7 MILESTONES OF STRATHMORE 2018 1961 School of Management and Commerce Strathmore College launches A-level merges with the Business School to form Science and Art tuition under the 2017 the Strathmore University Business School inspiration and encouragement of Master of Science in Development Finance the founder of Opus Dei, St Master of Science in Management Josemaría Escrivá in Agribusiness Doctor of Philosophy in Business Management 1966 2016 First intake of Bachelor of Arts in Communication accountancy students Bachelor of Arts in Development Studies and Philosophy Bachelor of Arts in International Studies 1982 Master of Laws Evening courses 2015 for Accountancy Master of Science in Information courses begin Systems Security 1989 Master of Science in Statistical Science Construction of new campus in Madaraka Master of Science in Bio-mathematics Estate commences Master of Science in Mathematical Finance 2013 Master of Public Policy and Management 1993 2012 Strathmore College Bachelor of Law merges with Kianda Master of Science in Mobile College in new Telecommunications and Innovation Madaraka campus Master of Administration in Healthcare Management 2001 Bachelor of Commerce 2011 Bachelor of Business in Bachelor of Science in Informatics Information Technology 2010 2002 Bachelor of Business Science in Bachelor of Science in Telecommunications Commission of Higher Financial Economics Master of Science in Educational Education awards Bachelor of Business Science in Management Strathmore with Letter of Actuarial Science Interim Authority to operate a university. Bachelor