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Originally published by Kenyanstop
September 24, 2025
3h ago
Concerns Raised Over CBK 'Secret' Ksh14.5 Billion Currency Printing Deal

Auditors noted that the regulator did not meet the requirements under Regulation 84 of the 2020 Procurement Regulations...
✨ Key Highlights
Busia Senator Okiya Omtatah has raised concerns over a "secretive" Ksh14.5 billion currency printing deal awarded by the Central Bank of Kenya (CBK) to German firm Giesecke & Devrient. He alleges irregularities in the tendering process, citing findings from the Auditor-General's report.
- The contract, valued at Ksh14.5 billion, was signed on April 22, 2024.
- Okiya Omtatah, Busia Senator, questioned the legality and transparency of the deal in the Senate.
- The Auditor-General's report for 2024 flagged issues including failure to appoint a special procurement committee and bypassing open competition.
- The CBK defended the decision by citing approvals from the National Security Council and the Treasury.
- The CBK Governor Dr. Kamau previously announced in August 2024 that a German firm would print Kenya's currency.
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