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Swiss firm gets excise stamps deal extension on KRA debt
Under the contract, Sicpa prints and supplies excise stamps complete with a track and trace system. It also includes the delivery of an integrated production accounting system.
Swiss security printer Sicpa SA has been granted a contract extension to supply excise stamps on a range of consumer products including beer, soda, cosmetics, cigarettes and bottled water as part of a deal to provide the Kenya Revenue Authority (KRA) more time to offset a debt of more than Sh4billion owed to it.
An official document seen by Business Daily showed that Sicpa SA was on August 14, 2024, awarded a deal to supply the taxman with excise stamps for a year. The contract was awarded through a direct procurement arrangement.
