Prime

KPA unable to access Sh3bn deposited in Chase Bank

Ms Catherine Mturi-Wairi, the KPA managing director. PHOTO | FILE

The Kenya Ports Authority (KPA) cannot access Sh3 billion from Chase Bank after the lender was placed under receivership in April, the authority has disclosed.

It has emerged that the KPA flouted a Treasury circular instructing all State corporations to invest surplus funds in Treasury bills and bonds.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.

Get it First!

Stay up to date on the editors' picks of the week.

Latest

  1. PRIME How repeat Dubai trips exposed high-end phones smuggling route at JKIA

  2. PRIME CBK seeks power to raid, oust top bosses at payment firms

  3. PRIME From Olympic gold to sobriety: Wilfred Bungei’s second race

  4. PRIME Diageo takes Sh5.5bn loss in sale of EABL, UDV stakes

In the headlines

View All