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.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article