CBK defends De La Rue new currency contract

Central Bank of Kenya head office in Nairobi. FILE PHOTO | NMG

The Central Bank of Kenya (CBK) has defended the award of a multibillion-shilling contract for printing new-look currency to UK firm De La Rue International after Swedish company Crane AB disputed it as irregular.

In submissions before the procurement watchdog, the CBK, through lawyers Ochieng’, Nyango, Kibet & Ohaga Advocates, is seeking to terminate the hearings and defends the 15 per cent local preference accorded the firm that operates the Ruaraka plant co-owned by the government.

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