More Kenyan companies put on World Bank blacklist
Publish date: 19 September 2013
Issue Number: 382
Diary: Legalbrief Forensic
Five Kenyan companies have been added to the World Bank's fraud and corruption list this year, bringing to six the number of firms barred from projects it funds in the country, according to a report in The Star.
It says Oxford University Press East Africa was the first to be banned in Kenya for a period of three years from 2 July 2012. The new firms on the list include Reef Building Systems Ltd, Avlac Contracts, Berkshire Holdings, Elma Ltd and Victory Construction Company. The six companies in Kenya were blacklisted after the World Bank's investigations confirmed involvement in fraud and corruption. They will remain ineligible for World Bank-funded projects for periods of between 21 months and three years, the report notes. It says the banned firms make up a global list of more than 250 companies and individuals who have flouted the World Bank's procurement and consultancy rules. Full report in The Star