Central Banking

Kenyan governor under fire over banknote printing contracts


The governor of the Central Bank of Kenya, Njuguna Ndung'u, has been challenged by politicians for the second time this year following the release of a report detailing an investigation into currency printing contracts between the central bank and printers De La Rue.

The Public Accounts Committee presented its findings before parliament in Nairobi on August 6, slamming the handling of the tender process, which saw De La Rue awarded various note printing assignments since Kenya took over printing

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