Kajiado-News-Update-Logo-Web

Court ruling paves way for printing of new look currency

Kajiado News Update

Kajiado News Update

We are bold in presenting our news as we move to all Maa counties across the country.

The move by Central Bank of Kenya to award a tender to British firm had been contested at the High Court and at a public procurement watchdog.


Proposed new-look Kenyan currency.
Kenya can continue with its plans to have the proposed new look currency after the Court of Appeal on October 12 ruled that the Central Bank of Kenya (CBK) followed due process when awarding the tender to British money printing firm De La Rue.

The Appellate Court overturned a High Court ruling by current Machakos Presiding judge Justice George Odunga that quashed awarding of the tender on grounds that it was awarded unprocedurally.

While cancelling the tender, Justice Odunga agreed with Activist Okiya Omtata that the British firm did not qualify for the 15 per cent margin of preference which secured the British firm the lucrative Ksh10 billion a year tender.

De La Rue was preferred for having Kenyan employees and its operations in the country.

In his suit Omtata argued that De La Rue ought not to have been awarded the tender as it is not a local company and is not registered in Kenya.

In addition, The Public Procurement Administrative Review Board (PPARB) on January 8 cancelled the tender on grounds that CBK abused the 15 per cent local preference clause.

PPARB directed CBK to re-evaluate all tenders submitted to it by all four bidders including Crane Currency (Sweden), Giesecke & Devrient (Germany) and Oberthur Fiduciaire (France).

However dissatisfied by the decision, CBK moved to the High Court through lawyer Ochien’g Oduol to contest the decision.

The Court of Appeal’s decision paves way for De La Rue to start printing the much anticipated new look currency.

The 2010 constitution dictates dropping of the presidential portrait in the Kenyan cu

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Do you need a website? Search no more. BraIT Consulting Limited is an industry-leading & most reliable full-service web design company in Kenya. They also do digital marketing, graphic design, Search Engine Marketing (SEO), Content Marketing among others.

They design cost-effective and aesthetic websites, logos, and digital designs that will blow your mind. Take a sample look of their work below!

You May Also Like

Leah Sankaire

Mizani puts Sankaire ahead of pack in county WR race

“Lenku told me on the phone that I am stupid and warned me to never call him again. This is the time I declared my support for Nkedianye,” says Yogo.

Dr David Nkedianye in Kenyewa Poka Kajiado East.

Nkedianye apologises for Lenku’s messes, promises comeback

“This will not happen again as the people of Kajiado have this time around, known who messed their devolution,” said Nkedianye. 

L R Former governor David Nkedianye governor Joseph Lenku and MP Katoo Metito.

Reject Katoo for grooming a failure – Nkedianye

When the two running mates from the north were picked, Lenku attacked Nkedianye and Metito and accused them of selling the rights of the Maasai.

Subscribe to Kajiado
News Update

Be the first to get updated.