Swedish firm to drop cash printing suit

Central Bank of Kenya building in Nairobi. file photo | nmg

The battle for Kenya’s multi-billion shilling currency printing tender has taken a new turn after Swedish firm Crane AB, which successfully appealed the award of the tender to rival De La Rue before the review board, applied for leave to withdraw from the court case.

Crane AB, which moved to court seeking to be awarded the Sh10 billion-a-year currency printing tender on the ground that it was the lowest bidder, wants to be allowed to withdraw without offering any explanation.

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