Mystery over US disclosure of Sh139bn Kenya loan deal deepens

Treasury Cabinet Secretary Ukur Yatani. PHOTO | SALATON NJAU | NMG

A US-listed firm at the centre of a disputed Sh139.5 billion (1.06 billion euros) loan deal with Kenya has made fresh disclosures to the American stocks regulator that the Treasury has dismissed as fake and containing forged signatures.

Kallo Inc reckons in the new disclosures to the Securities Exchange Commission (SEC) that Kenya has frozen the contract for building mobile clinics and upgrading hospitals in the wake of the coronavirus crisis.

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