×
App Icon
The Standard e-Paper
Kenya’s Boldest Voice
★★★★ - on Play Store
Download App

Did Treasury loan tactics outfox PTA Bank board?

Software technician Rhoda Chumba installs software at the Digital Assembly Plant at Jomo Kenyatta University of Agriculture and Technology.The plant produces laptops and tablets for the primary schools Digital Literacy Programme on 24th JANUARY 2017 PHOTO BY DAVID GICHURU

Regional financier PTA Bank was surprised when the Kenyan government approached it for a $250 million (Sh25 billion) loan last year.

The government asked for a two-year facility to do various infrastructure projects around the country.

Get Full Access for Ksh299/Week.
Bold Reporting Takes Time, Courage and Investment. Stand With Us.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in