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The existing Kenyan currency will soon be a thing of the past after a ruling by the Appeals Court cleared the way for the Central Bank of Kenya (CBK) to print new-look notes.
The second highest court in the country declared as lawful the tendering process that saw British security printing company De La Rue win the Sh10 billion-a-year tender to print Kenya's new currency.
The ruling by a three-judge bench comprising of Justices Erastus Githinji, Asike Makhandia and Ole Kantai overturned a judgement by High Court’s Justice George Odunga that declared as unprocedural the contract awarded to De La Rue.
The three judges said CBK did not violate the law in awarding the multi-billion shilling tender to the British company.
Judge Odunga made the verdict after activist Okiya Omtatah filed a petition seeking to have the tender quashed arguing that De La Rue should not have been given a 15 percent preferential treatment.
The Court of Appeal agreed with CBK’s application of local preference. De La Rue directly employs 300 people in Kenya, with an extended workforce of about 3000, and, contributes Sh1.25bn to the local economy every year.
The 2010 Constitution states that the new currency should not bear the image of persons like it's the case of current notes that bear the portrait of Kenya's first President.
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It's well known that the Government is Broke and this could be a Ploy by the Government to Print money like Moi did in 1992.
Hopefully this was solely done to update security and make it less likely to be forged
They should print very many money and give each kenyan like 1 billion each and eliminate poverty
I hear Omtata took the matter to the Supreme Court?...lets hear how this goes - because it will set a precedent on the application of the 15% preference on price on citizen contractors.The pertinent question is - is the bidder - Dela lue international - a citizen contractor as defined by procurement Law?
I know currently, the head of procurement and the procurement function in CBK is either:
1) does not report functionally and administratively directly to the Accounting Officer, who is the Governor as the law prescribes OR
2)Is an ICT professional and not a licensed procurement professional as the Law prescribes.
This may soon attract another problem in the CBK.Some one will soon challenge the legality of the professional opinions that such a non-procurement and unlicensed person is doing at the bank.
confused priorities. who cares what the image looks like. Pump that money to the economy and let the money take care of healthcare issues the country is suffering from. Bure kabisa