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Kenya: Currency Printing Fiasco Has Cost Country Sh2.7 Billion
Capital FM, 29 March 2012
The Kenyan taxpayer has lost between Sh2.1 billion and Sh2.7 billion in the last seven years following the Central Bank of Kenya's (CBK) decision to place short term printing… Read more »
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Currency Printing Fiasco Costs Kenya Billions
Taxpayers have lost billions of shillings in the past seven years following the Central Bank's decision to place short term printing orders to meet the country's currency demands.
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Kenya: Tough Questions to CBK Over De La Rue
Capital FM, 29 March 2012
Central Bank of Kenya (CBK) Governor Prof Njuguna Ndung'u was on Wednesday hard pressed to explain why three international companies bidding to print the currency were willing to… Read more »
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Kenya: State Accused of Siphoning Money Through De La Rue Deals
The Star, 28 March 2012
President Kibaki's government was yesterday put on the spot over printing of currencies with claims that it could have been using interim contracts with De La Rue Currency and… Read more »
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Kenya: Treasury Wants Local Cash Printer
The Star, 21 March 2012
Treasury wants Kenya to acquire its own factory for printing currencies even if the plan to acquire a stake in the De La Rue Currency and Security Print is shelved. Read more »
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Kenya: MPs Order Probe Into CBK, De La Rue Deal
The Star, 19 March 2012
MPs have ordered the Auditor General to immediately audit the money printing deal between Central Bank of Kenya and De La Rue Currency and Security Print. Read more »
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Kenya: MPs Question Currency Printing Deal
Capital FM, 19 March 2012
The Treasury was on Monday put to task to explain whether the government would get value for money if the Central Bank of Kenya (CBK) concludes a currency-printing deal with Thomas… Read more »
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Kenya: MPs Summon Uhuru Over De La Rue Contracts
Capital FM, 9 March 2012
The Public Accounts Committee (PAC) has summoned Deputy Prime Minister Uhuru Kenyatta to appear before it and answer questions pertaining to the De La Rue contracts. Read more »
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Kenya: MPs May Reject New Currency Printing Deal
The Star, 16 December 2011
MEMBERS of parliament may reject a proposed deal that will the see government acquire a 40 per cent stake in currency printing company Delarue. Read more »
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Kenya: Court Allows Government to Buy 40 Percent of De La Rue
The Star, 7 December 2011
The government can go ahead with its plan to purchase 40 per cent shareholding of De La Rue as the order stopping the transaction has been discharged. Read more »
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Kenya: De La Rue Deal Bad for Country
The Star, 7 December 2011
THE High Court has given the go-ahead to government to buy 40 per cent of De La Rue. Read more »
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Kenya: De La Rue Tender Suit Put Off to Await AG
The Star, 11 November 2011
THE High Court yesterday postponed the hearing of suit challenging the awarding of a money printing tender to allow respondents file replies. Read more »
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Kenya: Raila On the Spot Over De La Rue Deal
The Star, 11 November 2011
MPs have demanded that Prime Minister Raila Odinga explain in Parliament why the Cabinet made De La Rue the exclusive currency printing company in Kenya after entering a deal that… Read more »
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Kenya: Lawyer Sues to Block State's Exclusive Tender to De La Rue
The Star, 9 November 2011
The move by the government to award De La Rue an exclusive 10-year right to print Kenya currency has been challenged in court. In an application at the high court, a Nairobi lawyer… Read more »
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Kenya: State Admits Plans to Buy Out De La Rue
The Star, 3 November 2011
THE government yesterday admitted that it is involved in negotiations with money printing firm De La Rue Kenya with view to buying it. Read more »
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Kenya: Why the De La Rue Deal Raises a Stink
The Star, 16 September 2011
The Consumers Federation of Kenya (Cofek) has noted with concern that the Cabinet at its Tuesday meeting passed a curious resolution to have the Government of Kenya buy 40 per cent… Read more »
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Kenya: Cabinet Approves Controversial De La Rue Currency Printing Deal
The Star, 14 September 2011
Despite advice to the contrary, the Cabinet yesterday approved a controversial deal with De La Rue to invest in a joint currency printing company at their Ruaraka factory. Read more »
