| Published Mon, January 8th 2018 at 12:05, Updated January 8th 2018 at 12:15 GMT +3The De La Rue currency and security printing factory along Thika road. CBK was found to have violated the law by applying a 15 per cent margin preference meant for local firms to favour De La Rue International Limited, which is registered in the UK. The Public Procurement Administrative Review Board (PPARB) has consequently ordered the CBK to re-evaluate the restricted tender for printing and supply of new design Kenya currency banknotes: Tender Reference No CBK/37/2017-2018. Although the CBK defended the deal, saying De La Rue International ltd had sought to sub-contract part of the contract to its local affiliate of De La Rue Kenya, the board ruled that preference margin rule only applies to firms locally registered or owned. In a battle to break about a five-decade monopoly over currency printing in Kenya, Omtatah wants British currency printing firm De La Rue banned from fresh tendering for printing new notes if the current tender is struck off.

Source: Standard Digital January 08, 2018 09:10 UTC