Home Business World Bank, AfDB blacklist nearly 20 Kenya firms over fraud

World Bank, AfDB blacklist nearly 20 Kenya firms over fraud

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Business Daily | by Brian Ngugi


Nearly 20 Kenya-based companies have been blacklisted by the World Bank and the African Development Bank (AfDB) 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…

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