Former Deputy President Rigathi Gachagua has called on President William Ruto to clarify whether he owns a major currency printing plant, expressing concerns that the facility could be used to print extra money ahead of the 2027 elections.

Speaking during a church service on July 26, 2026, at St Teresa Catholic Church in Imenti Central, Meru County, Gachagua alleged that Ruto acquired the currency printing company through proxies. He warned this could lead to inflation and economic instability, citing Kenya’s history and ongoing conflicts in Sudan as cautionary examples.

Claims on Currency Printing and Sudan

Gachagua stated that the currency printing plant, which had previously produced Kenya’s banknotes, was shut down under the prior administration. He claimed President Ruto later purchased it indirectly. He further alleged that currency used by Sudan’s Rapid Support Forces is printed in Kenya and transported to Sudan.

Historical Context and Inflation Risks

Referring to Kenya’s 1992 multiparty elections, Gachagua recalled that large volumes of cash were printed to support President Daniel arap Moi’s campaign, which contributed to a spike in inflation and economic hardship. He warned that a similar scenario might unfold if extra money is printed for the upcoming elections.

“We want William Ruto to confirm whether he has bought [the company] and to assure the people of Kenya that he will not print currency for the purpose of the election,” Gachagua urged.

Official Records and Public Information

Public records indicate that the Nairobi-based currency printing plant was a joint venture between a British security printer and the Kenyan government, with the latter holding a 40% stake. The plant ceased banknote production in January 2023 after the Central Bank of Kenya did not place new orders. Subsequently, Kenya awarded a new banknote printing contract to a German firm.

No official documents or filings confirm any purchase of the printing plant or its parent company by President Ruto or his associates. The British firm was acquired by a US private equity group in 2025. Additionally, there is no verified evidence that Sudanese rebel currency is printed in Kenya.

Broader Political Implications

Gachagua’s allegations come amid heightened opposition scrutiny of government finances ahead of the 2027 elections. In the same Meru speech, he also claimed that a Ksh3 billion bribe demand by senior officials led to the British Army Training Unit Kenya canceling a planned exercise, alleging the funds were intended for Ruto’s campaign.