National Treasury CS Ukur Yattani (PHOTO: FILE)NAIROBI, KENYA: United States Securities Exchange has suspended trading of Kallo Inc shares, a company that claimed to have entered into Sh139b loan contract with Kenya for healthcare financing. According to CS Ukur Yattani, Kallo Inc claimed in its recent filings with SEC to have entered into the Covid-19 loan contract with National the National Treasury and Planning. On March 22, National Treasury lodged an official complaint with SEC over the loan contract, it requested the Treasury to investigate the matter with the potential to irreparably harm Kenya’s fiduciary standing in the international community including with foreign investors. America’s Securities Commission said it has serious concerns, for example, about the accuracy of the Company’s claim that it has entered into a contract with Kenya to establish a comprehensive healthcare structure. In its filing, the company said it signed the deal with Kenya last year to build hospitals across the country in the face of Coronavirus outbreak.

Source: Standard Digital March 25, 2021 14:01 UTC