High Court suspends cancellation of new currency tender award

The High Court has suspended Public Procurement Administrative Review Board (PPARB)’s decision to cancel the award of new currency printing tender to De La Rue.

The suspension is applicable until a case filed by Central Bank of Kenya and De La Rue is heard and determined.The order by Justice George Odunga followed separate applications by CBK and De La Rue.

The banking regulator argued that since the board has given 14 days within which the review to start afresh, it’s in the interest of justice the decision is suspended pending hearing and determination of the suit.