The Central Bank of Kenya (CBK) has been put on the spot after the procurement watchdog nullified the award of a Sh10 billion-a-year tender for printing of the new-look currency to British firm De La Rue International.
The Public Procurement Administrative Review Board (PPARB) yesterday terminated the contract following a week-long hearing in which Swedish firm Crane AB, through lawyer James Gitau Singh, accused the CBK of breaching the law in awarding the deal to De La Rue by giving it a 15 per cent margin preference for having local shareholding.
