Tag: De La Rue
Inside De La Rue – Kenya’s Troubled Money Maker
Kenya's shilling is one of 69 currencies for which De La Rue is responsible for selling high-security paper and printing technology. Besides cash, it helps governments among other authorities produce driving licenses, passports, tax stamps and food vouchers - all loaded with high-security features.
De La Rue secures Kenya currency gig despite Sh1.2 billion profits slump
British firm in line for Ksh11.1 billion new generation Kenya currency notes amid a Ksh2.2 billion half year operating profit
Court ruling clears path for printing of new look currency
The move by The Central Bank of Kenya (CBK) to award the tender to British firm had been contested at the High Court and at a public procurement watchdog
De La Rue invests Sh30m in staff skills training
Eight of its 300 employees recently passed the National Examination Board in Occupational Safety and Health (NEBOSH) exams due to funding from the programme, with three achieving distinctions
De La Rue invests Sh286m to expand Kenyan facility
Amongst other new capabilities, the upgrade includes the installation of a state of the art Komori Varnish Press and an increase to the overall factory size
De La Rue hails court ruling in currency tender dispute
In his ruling, Justice George Odunga directed the order of stay to remain in force pending determination of cases by Central Bank of Kenya (CBK) and De La Rue, which have since been consolidated
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SMART MONEY
Amazing Origin of ‘Pesa’ and How Shilling Overtook Foreign Currencies
With the establishment of individual Central Banks for the three East African countries, Kenya began printing and minting its own shilling currency notes under the mandate given to the Central Bank of Kenya in 19676.