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Finance

CBK appeals Procurement Board order that quashed printing of new currency

CBK has accused the procurement board of acting irrationally by failing to consider the tender documents and for allowing the request for review out of time.

NAIROBI, Kenya, Jan 11 – The Central Bank of Kenya has moved to court seeking to quash last week’s decision by the Public Procurement Review and Administrative Board to annul the award of a tender to De LA Rue for the printing of the new Kenyan design currency.

Under a certificate of urgency, CBK is also seeking to set aside the Board’s directive to reevaluate all the tenders submitted by four companies within 14 days.

In addition, the regulator wants the entire procurement process suspended until the case is concluded.

Last Monday, the procurement board annulled the award of the tender to De LA Rue on grounds that it was unlawfully given following a request for review by a Swedish bank notes Printing firm, Crane AB.

CBK has faulted the move accusing the procurement board of acting irrationally by failing to consider the tender documents and for allowing the request for review out of time.

“The declaration is illegal and unreasonable. To direct CBK to undertake a fresh evaluation of all the tenders submitted to it is erroneous,” lawyer Ochieng Oduol for CBK states.

Separately, De LA Rue has filed a similar application seeking the same orders.

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