Treasury CS denies taking Sh139 billion Covid-19 loan



The Standard | by Betty Njeru


The National Treasury has denied a report by Business Daily that Kenya took a secret Sh139 billion Covid-19 loan.

Treasury Cabinet Secretary Ukur Yattani has termed the article as ‘misleading and malicious’ and injurious to Treasury’s image and reputation.

“NTP wishes to categorically state, that the Treasury CS did not enter into any loan contract for EUR 1,068,932,932,543 (Sh139 billion), with Kallo Inc as claimed in the company’s filings with the United States Securities Exchange Commission (SEC)…

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