The National Treasury’s earnings from the joint venture between Kenya and British security printer De La Rue fell by 25 percent to £0.9 million (Sh132 million) in the year to March 2022, after the unit’s overall profitability fell despite a slight jump in revenue.
Filings by the British firm show that the Kenyan venture—called De La Rue Kenya EPZ Limited—made a profit of £2.2 million (Sh323.4 million) in the review period, down from £3.1 million (Sh455.7 million) a year earlier.
