Brookhouse School students talk to an adviser during a past education fair in Nairobi. PHOTO | CORRESPONDENT
Summary
- Kenya’s capital has the highest average fee as well as the most expensive fees charged, rivalled only by Cairo.
- The average fee for Nairobi’s schools has, however, dropped to Sh733,394 compared to Sh902,000 last year.
- Cairo came in second at an average Sh606,253 while neighbouring Kampala was fourth at Sh495,056.
- Kampala has the cheapest international schools charging a minimum Sh53,110 per annum.
Nairobi has emerged as the most expensive city in Africa for
elite schools with fees hitting a Sh2.89 million ($28,479) high per year
on the back of growing demand for international education, a
newly-released report shows.
The analysis by
International Schools Database shows that out of the six African cities
surveyed, Kenya’s capital had the highest average fee as well as the
most expensive fees charged, rivalled only by Cairo.
“This isn’t entirely surprising, since there is a high demand for international education in Kenya,” notes the report.
The
trend also signals that Kenyan parents are increasingly embracing
international education to give their children a better chance at upward
mobility and set them up for admissions to top universities abroad.
Cairo,
Egypt’s capital rivals Nairobi for most expensive prices with its
maximum price for international education just under the $25,000 (about
Sh2.6 million) mark, making it the second highest of the African cities
surveyed.
The average fee for Nairobi’s schools, however, dropped to
Sh733,394 compared to Sh902,000 last year. Cairo came in second at an
average Sh606,253 while neighbouring Kampala was fourth at Sh495,056.
The
minimum fees charged in Nairobi sat at Sh272,864 per annum with Kampala
having the cheapest international schools charging a minimum Sh53,110
per annum.
Overall, Cape Town offers the cheapest median prices for international schools in Africa.
Nairobi’s
high fees have seen institutions charge more on average than European
cities such as Amsterdam and Copenhagen. South Africa’s Johannesburg and
Cape Town have the most affordable international schools globally.
The
International Schools Database uses the whole price of a full term for
one 6-year old child, excluding once-off costs such as enrolment fees
and application fees to calculate the cost.
Increased
demand has attracted new players to Kenya’s lucrative private education
segment, including Nova Pioneer and Sabis International School that is
partly owned by Centum Investment Company Plc.
The high returns in the sector have also led to increased interest from investment firms.
Private
equity firm Fanisi Capital has signed an agreement to sell Hillcrest
International Schools to Dubai-based GEMS Education for Sh2.6 billion,
marking the latest deal in the high-end private education industry.
This
was following a deal between a consortium led by PE firm AfricInvest
sold Brookhouse School to UK-based PE fund Educas for Sh3.6 billion in
2015, making it one of the biggest transactions in Kenya’s high-end
education sector.
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