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Kenya: De La Rue lauds High Court ruling on currency contract

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De La Rue has welcomed the High Court ruling this morning to continue the stay on the decision of the Public Procurement Administrative Review Board (PPARB) instructing the Central Bank of Kenya to re-evaluate the award of a currency contract.

Robin Mackenzie, De La Rue’s Marketing Director said: “De La Rue is pleased that a continuation of the stay has been granted.

We are long term investors in Kenya, and have committed investments of Ksh1.4bn in the last two years alone.

 

De La Rue Kenya contributes a further Ksh1.25bn to the local economy each year through its 300 Kenyan employees and extended indirect workforce of around 3000 in the broader supply chain.

 

We will continue to argue strongly in support of the Central Bank of Kenya for the validity of the original award”.

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