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Void currency contract saved Kenya money

18 April 2012, 08:46

Nairobi – Cabinet Minister Amos Kimunya has said a string of contributing factors led to the controversial cancellation of a 2006 currency printing contract with UK printing firm De La Rue.

The one-time Finance Minister who appeared before the Public Accounts Committee (PAC) on Tuesday said the 2006 contract that entailed the production of 1.7 billion pieces of currency was a disaster from the word go.

“When we came in as a Narc government there was a feeling that everything done by KANU must be done away with… and that contract suffered that issue and it had to be restarted,” he said.

For more visit Capital News


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