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Puzzle of Swiss firm’s Sh81b deal for KRA duty stamps

Kenya Revenue Authority offices in Nairobi. [File, Standard]

A Swiss company could have pocketed up to Sh81 billion if a contract signed with Kenya Revenue Authority (KRA) was to proceed on August 1.

In the deal, Swiss firm SICPA Security Solutions was awarded the Excisable Goods Management Systems (EGMS) contract worth Sh17.8 billion on May 9, 2010 for production of a multi-billion shilling duty stamps.

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