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Court Gives Nod To De La Rue To Print New Currency

De La Rue Kenya, the company awarded tender by Central Bank of Kenya (CBK) to print new currency will now carry on, following a court ruling.

The Court of Appeal declared that CBK ran a fair and transparent procurement process,overturning High Court Judge George Odunga’s ruling to quash the tender.

The case had been filed by activist Okiya Omtatah who wanted the tender quashed citing that De La Rue should not get a 15 percent preferential treatment.

De La Rue will now carry on with the Ksh10 billion a year tender.

However, the Court of Appeal concurred with CBK’s application of local preference. On January 12, the Public Procurement Administrative Review Board (PPARB) cancelled the tender saying CBK erred by applying the 15 per cent margin preference.

Read: Posta Set To Become Financial Service Provider In The Public Sector

Swedish firm Crane AB was the least evaluated in price score during the bidding process.

Other firms interested in the lucrative contract for printing new notes included Giesecke and Devrient (German), and Oberthur Fiduciaire of France.

De La Rue, in a statement, welcomed the Appeals Court ruling saying it was delighted with the verdict.

“We have maintained throughout the process that the CBK had run a proper, fair and transparent procurement, and the court has today confirmed that view, as well as dismissing baseless accusations of collusion out of hand,” marketing director Robin Mackenzie said in a statement.

According to CBK estimates, the replacement of the old currency notes will cost Sh18 billion.

The Constitution-compliant new generation bank notes will be in 50, 100, 200, 500 and 1,000 shilling denominations.

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Written by Francis Muli

Senior reporter at Kahawa Tungu, Muli has a passion for human interest stories. He believes in unearthing societal rots that have been hidden from the public eye. He has also carved himself a niche in writing business stories. He has worked for various organisations including Kenya Television Service, Business Today among others. Follow him on Twitter @FmuliKE.

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