Banknote printer De La Rue has spent an additional £1.3 million (Sh258.6 million) to lay off staff, write off assets and pay lawyers, bringing the total spending on closing down its Nairobi unit to £13.9 million (Sh2.77 billion).
The global firm, which in January suspended banknote printing in Kenya owing to low demand, says in the latest trading update that the additional cost was made up of £1.1 million (Sh218.8 million) for asset impairment, £0.2 million (Sh39.78 million) redundancy charges and £0.1 million (Sh19.89 million) on other costs.
