World Bank Slaps 2 Kenyan Firms with 21-Month Ban Over Ksh149.8 Billion Fraud Scheme
submitted 2 months ago by Samuelwriter_ke
submitted 2 months ago by Samuelwriter_ke
- Three firms, including two from Kenya, have been banned from World Bank projects for 21 months due to fraud and collusion in a major electricity project in Ethiopia.
- The World Bank found that these firms improperly influenced contract awards and admitted to their misconduct, leading to significant consequences for their future contracts in the region.
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