17.6 C
Nairobi
Sunday, May 26, 2024

Comprehensive Insights into the Use of Margin in Forex Trading

In the world of forex trading, understanding what is margin in forex is crucial for traders, especially those operating in Kenya. Margin is essentially...
HomeShareholdersMakini Schools Founders And New Owners From UK

Makini Schools Founders And New Owners From UK

Makini Schools was founded in 1978 by Mrs Mary Okello and her husband Pius Okello. The consistently high performing schools- in both primary and secondary school final examinations- started with 8 students and has since grown to host over 3,200 students.

The high-end group of schools offers the Kenya 8-4-4 system.

The ownership of school changed hands on 1 May 2018 after Scholé Limited (UK investor) and Advtech acquired 71 percent stake in Makini School Limited.

A trading update by the South Africa Johannesburg Stock Exchange (JSE)-listed Advtech read in part:

Owners Of Makini Schools And Fee Structure
Dr Mary Okelo Makini Received About Kes1 billion for 71 Percent Stake In Makini Schools Photo/Courtesy

“A 71 per cent interest in Makini School Limited (via Schole Mauritius Limited) was acquired on 1 May 2018 for a consideration of R130.8 million (about Sh930 million)….”

Bhayani Nursery and Primary School

The new owners of Makini Schools have added in their portfolio of schools Bhayani Nursery and Primary School. According to the school website, the “Bhayani School was established in the year 1986 and has been managed by Mr.Narandas Ratanshi Bhayani. The school is a family business and is run totally on a non profit basis as the aim for this school is to provide the best education to all”. It is not yet clear if the institution school fees has been increased after Advtech took the management of the school.

The total number of campuses under Makini Schools in Kisumu is three. The firm is establishing a school that will host 1,700 students in Kiambu’s Tatu City. The school will offer Cambridge Curriculum and will admit learners from kindergarten to A-levels. Boarding facilities will be available for senior students.

Crawford International Schools Kenya managing director Jenny Coetzee said of the curriculum in an earlier interview:

“Our curriculum is based on a progressive educational approach, which prepares children for the 21st century and allows for development of the global competencies required of students….”

Makini Schools Fee Structure for the Year 2019

New Admissions (One Time Payments)
Application form/interview (Non-Refundable) 1,650.00
Registration fee (Non-Refundable) 2,200.00
Refundable deposit 13,200.00
Baby Class, Nursery 1, Pre-Primary 1
Termly tuition fees (inclusive of lunch, tea break, computer, games & swimming, chess) 54,450.00
Pre-Primary 2
Termly tuition fees (inclusive of lunch, tea break, computer, games & swimming, chess) 56,900.00
Grade 1&2
Termly tuition fees (inclusive of lunch, tea break, computer, games & swimming, chess) 67,850.00
Grade 3 And Standard 4
Termly tuition fees (inclusive of lunch, tea break, computer, games & swimming, chess) 69,000.00
Standard 5
Termly tuition fees (inclusive of lunch, tea break, computer, games & swimming, chess) 73,850.00
Standard 6
Termly tuition fees (inclusive of lunch, tea break, computer, games & swimming, chess) 74,450.00
Standard 7
Termly tuition fees (inclusive of lunch, tea break, computer, games & swimming, chess) 86,550.00
Standard 8
Termly tuition fees (inclusive of lunch, tea break, computer, games & swimming, chess) 93,200.00
Termly Optional Activities
Karate 3,000.00
Horse riding 4,500.00
Tae Kwon Do 3,500.00
Skating 4,000.00
Ballet 3,500.00
Golf 5,000.00
Piano/Other Musical Instruments 6,000.00
*** Other sports available at the Makini Sports Academy
Other Termly Payments
P.T.A Fund 1,000.00
Group Insurance cover 550.00
Yearly Payments
School Diary 450.00

 

The fee structure may have changed.

Also Read: Salaries Of Braeburn School Teachers And Fee Structure 2018/2019