Malawi picks G+D for currency processing contract
German-based firm already provides processing services to the Federal Reserve
The Reserve Bank of Malawi signed a contract with payment services firm Geisecke + Devrient to provide a currency processing system.
In a statement, the central bank said the contract was worth €4.1 million ($5 million). There is a grace period of 14 days for “interested parties” to object or query the contract.
The contract was authorised by the central bank’s Internal Procurement and Disposal Committee. In March, the central bank was forced to re-tender the supply of ICT equipment after
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