Electronic tax stamps printer out to set record straight
SICPA the supplier of the Excisable Goods Management System (EGMS) has come out to defend itself against allegations of corruption in other jurisdictions, high cost of stamps and the technical details of its operations in the country over the last ten years. The securities printer which won a contract a Kes17 billion contract to install the system estimated to collect billions of shillings, has been accused by opposition MP Opiyo Wandayi for making Kes64 billion based on collections minus the cost of stamps. In a statement to the press, SICPA denied that it made Kes64 billion profit in five years but said only KRA are…
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