AfDB bans Chinese road builder for graft in Uganda
Nairobi, April 1 -- The African Development Bank (AfDB) has banned a Chinese road builder, China Henan International Corporation Group (Chico), for engaging in "fraudulent activity" in a project the lender is funding in Uganda.
The ban on the Henan-based constructor will last 12 months effective March 28, a period in which Chico will not be able to participate in any new AfDB-funded projects on the continent including Kenya where it has an ongoing project.
An AfDB investigation revealed that the Chinese road builder "failed to disclose the use of a commission agent while submitting a bid in the context of a tender for the procurement of civil works for upgrading of Rukungiri-Kihihi-Ishasha/Kanungu to bituminous standard, a component of ...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.