Former Safaricom chief executive Michael Joseph has joined the board of De La Rue Kenya EPZ Limited amid ownership changes, signalling a return to operations for the banknote printer more than two years after it suspended operations.
The appointment comes alongside sweeping ownership changes that have seen Switzerland-based Thomas De La Rue AG transfer its entire 60 percent stake in the Kenyan subsidiary to Mauritius-registered investment firm Monarch Capital Limited, according to filings at the Registrar of Companies.
