CBK gets go ahead to open tender documents for printing of new design currency - Capital Business
Connect with us

Hi, what are you looking for?

Finance

CBK gets go ahead to open tender documents for printing of new design currency

Parties in the case are required to appear in court next Thursday when De La Rue will explain to the court how it obtained the tender documents yet the company never participated in the tendering process./FILE

NAIROBI, Kenya, Nov 21 – Central Bank of Kenya (CBK) can now open the tender bids for the printing of the new design Kenyan currency tomorrow as planned.

This is after judge Chacha Mwita turned down an application by DeLaRue Security Printing firm and another interested printing company who had sought to stop CBK from opening the tender documents.

Instead, Justice Mwita directed the printing firms to respond to allegations by CBK that they illegally obtained tender documents before he can consider giving any orders.

Parties in the case are required to appear in court next Thursday when De La Rue will explain to the court how it obtained the tender documents yet the company never participated in the tendering process.

CBK through lawyer Ochieng Oduol had urged the court not to issue the restraining orders accusing the respondents of “not approaching the court with clean hands”.

Oduol implored Justice Mwita to decline the invitation to scuttle the tendering process which began in 2014.

The aggrieved printing companies have accused CBK of unlawfully restricting the tender process to foreign entities alone in violation of mandatory requirements guiding the procurement.

They want the process stopped pending determination of the case on grounds that the move will lead to irreparable harm of the local industry.

CBK has been faulted for issuing the printing tender without considering the Constitution provisions and the Public Procurement and Asset & Disposal Act requiring preference be given to a local firm.

CBK is said to have invited various foreign entities to submit their bids by November 22 at 10.30am.

Advertisement. Scroll to continue reading.

Thereafter the submitted bids will be immediately opened, evaluated and the tender awarded to the successful foreign entity.

Advertisement

More on Capital Business