AfDB debars Joycot General Contractors Limited for 15 months for fraudulent practices
The African Development Bank Group, on 25 September 2023, announced the 15-month debarment of Joycot General Contractors Ltd.
Joycot General Contractors Ltd. is a construction company registered under the laws of Kenya.
An investigation conducted by the Bank’s Office of Integrity and Anti-Corruption found that Joycot General Contractors Ltd. engaged in fraudulent practices during a tender for the construction of reticulation sewers in Kahawa West, Kahawa Sukari, a component of the Nairobi Rivers Basin Rehabilitation and Restoration Programme: Sewerage Improvement Project Phase II, Kenya.
The Nairobi Rivers Basin Rehabilitation and Restoration Programme: Sewerage Improvement Project Phase II, was aimed at improving access, quality, availability and sustainability of wastewater services in Nairobi City.
During the debarment period, Joycot General Contractors Ltd. will be ineligible to participate in Bank Group-financed activities.
At the expiry of the debarment period, Joycot General Contractors Ltd. will only be eligible to resume participation in African Development Bank Group-financed activities after it implements an integrity compliance program consistent with the Bank’s guidelines.
Source: Classfmonline.com
Trending Business

Traders reject 20-Pesewa coins amid concerns over BoG's currency management
16:22
Ghana settles final US$709m Eurobond payment for 2025 ahead of schedule
08:35
Lady Mae injects GHS 1.59m into women's empowerment as she launches 'Save You First'
15:34
International livestock market launched in Volivo to boost trade and create 500 jobs
17:09
NPA CEO says $200m needed to fully revamp TOR and expand capacity
12:35
TOR resumes crude oil refining after years of inactivity
10:32
Gov't to revive Juapong Textiles through PPP-Ablakwa reveals
10:12
TAGG raises alarm over GRA–TRUEDARE digital customs deal
14:15
Government, Afreximbank resolve issues over US$750m facility
10:17



