AFRICAN DEVELOPMENT BANK DEBARS SINOTEC OF CHINA FOR 36 MONTHS FOR FRAUDULENT PRACTICES IN EAST AFRICA

On 1 May, Africa Business Community reported that that the African Development Bank Group announced the debarment of Sinotec Company Limited, an energy solutions company registered in China, in connection with 3 Bank-financed tenders under the Regional Rusumo Falls Hydropower Project in Rwanda, the Uganda Rural Electricity Access Project and the Last Mile Connectivity Project in Kenya.  The debarment renders Sinotec Company Limited and its affiliates ineligible to participate in Bank-financed projects during the debarment period.

https://africabusinesscommunities.com/news/african-development-bank-debars-sinotec-for-36-months-for-fraudulent-practices-in-east-africa

https://www.afdb.org/en/news-and-events/press-releases/african-development-bank-debars-sinotec-company-limited-36-months-fraudulent-practices-35462

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section View all posts by raytodd2017