Egerton University’s recently appointed Chancellor Narendra Naval will work at the institution for free.
Popularly known as Guru, the steel billionaire recently appointed by President Uhuru Kenyatta replacing Prof Shem Wandiga instead donated his entire salary and allowances to benefit needy students at the institution.
Through a social media post, Naval, who once turned down an offer from Africa’s richest man Aliko Dangote to buy a stake in his company, Devki Group, also said that none of his companies will be involved in supplying goods to the university, unless for free.
In a 2018 interview with Financial Standard, Guru pledged to give half of his wealth to charity, but did not give a straight answer to how much he is worth.
He also said he would directly build schools, sponsor children to get education, build and equip healthcare facilities and provide water to communities.
Proceeds from the two million books of his biography, he added, would also be given to charity after covering the publishing costs.