By BRIAN NGUGIMore by this AuthorThe Central Bank has been put on the spot after the procurement watchdog nullified the award of a Sh10 billion-a-year tender for printing of the new-look currency to British firm, De La Rue International. De La Rue beat German firm Giesecke & Devrient, Crane Currency and Oberthur Fiduciaire of France last year to the lucrative contract for printing new notes that are in compliance with the Constitution. BIDDERThe agency ruled that De La Rue did not qualify for the preference margin of 15 per cent applied, adding that it was not the lowest evaluated bidder. It means Kenyans have to wait longer to get a much awaited new-look currency. The production of new currency notes that do not bear the images of former presidents was supposed to start after passage of the 2010 Constitution.

Source: Daily Nation January 08, 2018 20:37 UTC