De La Rue headquaters in Ruaraka. [Photo/the-star.co.ke]
The De La Rue LTD and the Central Bank of Kenya (CBK) on Thursday withdrew from a case in which the former was challenging the new generation currency printing tender.
Justice Chacha Mwita directed DELa Rue to pay the respondents, CBK, costs and if an agreement is not reached.
Oduol told the court that De La Rue were not pre-qualified to tender nor invited to submit tenders or participate in the issued tender Number CBK37/2017-2018, insisting that tendering documents are strictly confidential and can only be disclosed by an order of the court.
Last week Justice Mwita declined prayers by De La Rue to stop the tendering process, which commenced on on Wednesday, November 22.
The currency printing firm had moved to court challenging CBK’s move to invite tenders from foreign firms to print the new look Kenyan
currency, which shall not bear the portrait of any individual.
In the petition, they wanted the court to stop the tendering process pending determination of the case on grounds that the move will lead to irreparable harm to the local industry.