Kenya has turned to an undisclosed German firm for the printing of new notes months after allowing the local subsidiary of British printer De La Rue –in which it owns a 40 percent stake— to shut down for lack of new orders.
The Central Bank of Kenya (CBK) yesterday announced the development even as governor Kamau Thugge remained guarded on the name of the firm, how the tendering was done and how much will be spent on the deal. This publication could also not confirm if the sourcing for a new printer was through competitive or direct procurement.
