Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    KahawatunguKahawatungu
    Button
    • NEWS
    • BUSINESS
    • KNOW YOUR CELEBRITY
    • POLITICS
    • TECHNOLOGY
    • SPORTS
    • HOW-TO
    • WORLD NEWS
    KahawatunguKahawatungu
    BUSINESS

    Central Bank Gets Court Nod To Open Bid For Currency Printing

    Merxcine CushBy Merxcine CushNovember 21, 2017No Comments2 Mins Read
    Facebook Twitter WhatsApp Telegram Email
    Share
    Facebook Twitter WhatsApp Telegram Pinterest Email Copy Link
    cbk, KRA
    central bank of kenya

    The Central bank of Kenya (CBK) has been given a go ahead to open bids for the printing of the new design currency.

    Judge Chacha Mwita had earlier struck out an application by De La Rue and another company who had applied to stop CBK from opening up the bidding process.

    Judge Chacha Mwita placed the onus on the applicants to explain how they had obtained the tender documents before the issuance of any order. CBK alleged that De La Rue and the other firm had illegally obtained tender documents without participating in the procurement process.

    The Applicants will therefore be expected in court on November 30 to give an explanation on how they obtained the said documents.

    They faulted the CBK of failing to follow the constitution and the public procurement Act which requires then to put preference on local firms.

    Read:Central Bank Of Kenya Set To Abolish 14% Interest Cap On Loans

    The CBK lawyer asked the court not to issue orders that would scuttle the tendering process that began in 2014 saying that the aggrieved party had not approached the court ‘with clean hands.’ The bank has been accused of limiting the the tendering process to foreign parties.

    It is said that the foreign firms have been given a deadline of November 22 to present their bids by 10:30 am.

    Do you have a story you want told? Do you know of a sensitive story you would like us to get our hands on? Email your news TIPS to Editor@kahawatungu.com

    Email your news TIPS to Editor@Kahawatungu.com — this is our only official communication channel

    Central Bank of Kenya De la rue
    Follow on Facebook Follow on X (Twitter)
    Share. Facebook Twitter WhatsApp LinkedIn Telegram Email
    Merxcine Cush
    • Facebook

    You got a story that needs to be covered? Send it via Email Editor@Kahawatungu.com

    Related Posts

    Why More Buyers Are Choosing Premium Gold for Everyday Wear

    December 6, 2025

    How Convenience Products Are Reshaping Everyday Chores in 2025

    December 6, 2025

    5 Things to Know About XRP’s Role in Banking and Fintech

    December 5, 2025

    Comments are closed.

    Latest Posts

    CJ Koome Gazettes Judge to Hear Petition Challenging Mbeere North By-Election Results

    December 6, 2025

    Ruto, Mbadi and AG Oduor Make New Govt Appointments

    December 6, 2025

    Ruto Revokes Appointment of Basil Criticos as Board Chair

    December 6, 2025

    ANC Nominated MP Joseph Khamis Denar Dies in Road Accident in Nairobi

    December 6, 2025

    Kenya Moves to Address Statelessness as Communities Struggle Without IDs

    December 6, 2025

    Senior cop Philip Tuimur collapses and dies at Nandi home

    December 6, 2025

    Ruto hails watershed meetings with Trump as Kenya, U.S. sign deals

    December 6, 2025

    Police recover suspected fake vehicle number plates in Kariobangi South

    December 6, 2025
    Facebook X (Twitter) Instagram Pinterest
    © 2025 Kahawatungu.com. Designed by Okii.

    Type above and press Enter to search. Press Esc to cancel.