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Blow to CBK as board nullifies new currency tender award

The De La Rue currency and security printing factory along Thika road.

The Central Bank of Kenya (CBK) has suffered a major blow after its award of currency printing tender to a British firm was nullified due to wrongful application of the law.

CBK was found to have violated the law by applying a 15 per cent margin preference meant for local firms to favour De La Rue International Limited, which is registered in the UK.

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