Home » 20 Kenya based firms blacklisted
Business

20 Kenya based firms blacklisted

20 Kenya based firms blacklisted
 Nearly 20 Kenya-based firms have been blacklisted by the World Bank and the African Development Bank (AfDB).
20 Kenya based firms blacklisted
AfDB and World Bank have blacklisted the firms in less than two years over fraud and quality concerns in projects funded by the multilateral lenders.

Nairobi-based consultancy firm Africa Development Professional Group (ADP) is the latest firm with Kenyan links to join the financiers’ blacklist after the World Bank banned it for alleged fraud.

The World Bank said last week an investigation conducted by its corruption-fighting unit had established that ADP had engaged in fraudulent practices during a bank-funded project in Somalia.

According to the facts of the case, ADP recklessly omitted the disclosure of a conflict-of-interest relationship when submitting a proposal for a contract under the project, which is a fraudulent practice,” said the World Bank.

ADP and its affiliates have been debarred for 21 months and will be ineligible to participate in any World Bank-financed projects during the period.

Additional reporting here