National Treasury Headquarters in Nairobi (PHOTO: FILE)A Canadian company that claimed to have entered into a contract with the Government of Kenya to build Sh139 billion hospitals has been suspended from trading. The decision by SEC, said Mr Yatani, follows a complaint that his ministry lodged with the US watchdog following the story. Trading of the company’s shares, which also has Belarusian links, were suspended from the stock market from March 24 to April 7 pending investigation. Legally, said Yatani, filings have to be reviewed every three years and as such those of Kallo, which had been done on March 2, were yet to be reviewed. In its filing, the company said it signed the deal with Kenya last year to build hospitals across the country in the face of the coronavirus pandemic.

Source: Standard Digital March 26, 2021 17:41 UTC