De La Rue boosts Africa presence with Kenya deal

- By Rachael King
- @RachaelKing_cb
- 22 Aug 2016

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British banknote printer De La Rue has entered into a joint venture with the Kenyan government as part of its recent manufacturing review, the firm announced on August 18.

As part of the arrangement, the Kenyan government will pay £5 million ($6.6 million) for a 40% stake in the company's wholly-owned subsidiary, De La Rue Kenya EPZ.

"The joint venture fits with our strategy of expanding into key growth markets through long-term partnerships," said chief executive Martin Sutherland. "It will

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