The Central Bank of Kenya (CBK) faces criticism after an internal audit uncovered procedural flaws in its Ksh14.5 billion currency printing contract awarded to a foreign firm. The audit revealed that key procurement regulations were not followed.

• Contract signed on April 22, 2024, through a classified procurement method.
• Involved parties include Auditor General and Director-General of the Public Procurement Regulatory Authority (PPRA).
• Failure to establish a mandatory special procurement committee raised compliance issues.