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{
    "id": 191913,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/191913/?format=api",
    "text_counter": 127,
    "type": "speech",
    "speaker_name": "Mr. Kimunya",
    "speaker_title": "The Minister for Finance",
    "speaker": {
        "id": 174,
        "legal_name": "Amos Muhinga Kimunya",
        "slug": "amos-kimunya"
    },
    "content": " Mr. Deputy Speaker, Sir, on the 18th of June 2008, Mr. Khalwale sought a Ministerial Statement from the Minister for Finance in respect of a contract awarded to De La Rue International Limited for the supply of New Generation Kenya Currency Notes. In particular, he wanted to know the following: First, why De La Rue International Ltd has not supplied new generation notes to the Central Bank of Kenya (CBK) since the signing of the contract; secondly, whether it is true or not that the technocrats of the CBK came out strongly to oppose an attempt to commit the Government into a 1448 PARLIAMENTARY DEBATES June 26, 2008 lopsided arrangement but the Minister still insisted and directed in November 2007 that De La Rue International Ltd should continue to supply old generation notes despite higher costs; thirdly, what the Minister's interest was in the matter to warrant such a gross unilateral disregard of technical advice; fourthly, what prompted the Minister to commit the Government of Kenya to a joint venture with De La Rue International Ltd and not other credible firms from South Africa, Canada, France, Austria and Netherlands and fifth, how much money has been lost by being in that continued expensive supply of old generation currency notes? Arising from the above request, I wish to state the following: First, De La Rue International Ltd has not supplied any new generation notes to the CBK due to the fact that the agreement entered into on 4th May, 2006 was mutually cancelled by the parties."
}