CBK now accused of collusion in currency tender

The Central Bank of Kenya (CBK) of Kenya. FILE PHOTO | NMG

Swedish firm Crane AB has accused Central Bank of Kenya of collusion and putting up a spirited defence to award the new currency tender to De La Rue, which it says will charge taxpayers Sh800 million more than the lowest bidder.

The multinational, which seeks to be awarded the Sh10 billion-a-year currency printing tender, says in papers filed in the High Court that the findings of the Public Procurement Administrative Review Board (PPARB) showed it was the successful bidder.

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