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Cabinet gives nod to De La Rue joint State venture
The De La Rue building in Nairobi. The Cabinet has given a fresh approval to the government’s joint venture plan with British currency printer De La Rue. Photo/FILE
The Cabinet has given a fresh approval to the government’s joint venture plan with British currency printer De La Rue, setting the stage for printing of new generation cash.
Under the arrangement, the government will have a 40 per cent equity stake in De La Rue to entitle it to revenues from the lucrative business. Kenya is racing to print a new-look currency after missing the August 2015 deadline set by the Constitution.
