Public Management

African Development Bank debars Joycot General Contractors Ltd for 15 months for fraudulent practices

African Development Bank debars Joycot General Contractors Ltd for 15 months for fraudulent practices
Tuesday, 26 September 2023 15:43

The African Development Bank Group, on 25 September 2023, announces the 15-month debarment of Joycot General Contractors Ltd. effective 8 September 2023. 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.

About the Office of Integrity and Anti-Corruption

The Office of Integrity and Anti-Corruption of the African Development Bank Group is responsible for preventing, deterring and investigating allegations of corruption, fraud and other sanctionable practices in Bank Group-financed operations.

For more information visit https://www.afdb.org/en/about-us/organisational-structure/integrity-and-anti-corruption/ 

African Development Bank staff and the general public can use secured hotlines of the Office of Integrity and Anti-Corruption to report sanctionable practices within the Bank or operations financed by the Bank Group.

Secured telephone: +1 (770) 776-5658     

Secured email address: investigations@iacd-afdb.org

Whistleblowing: whistleblowing@afdb.org

Mail correspondence should be marked “CONFIDENTIAL” and sent to:

African Development Bank

Office of Integrity and Anti-Corruption (PIAC)

Immeuble du Centre de commerce International d’Abidjan (CCIA)

Avenue Jean-Paul II

01 BP 1387

Abidjan 01, Côte d'Ivoire

1982 agency 

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Chari raises record $12M Series A to expand fintech services Secures central bank license to launch super-app for merchants Moroccan...
Burkina Faso orders NGOs to use state-run bank for all funds Move follows arrests, aims to tighten oversight of foreign NGOs Burkina Faso issued...
The International Finance Corporation (IFC) plans to invest up to $25 million in the African Transition Acceleration Fund (ATAF). The fund aims...
Tunisia seeks $3.7B loan from central bank in 2026 Economists warn of inflation, liquidity risks from domestic borrowing IMF talks stalled;...

Most Read
01

Indorama to invest $210M in Senegal phosphate sector upgrade ICS to expand fertilizer, acid ...

Indorama, Petrochemicals Major, to Invest $210 Million in Senegal Fertilizer Plant
02

• Parliament approves Virtual Asset Service Providers Bill 2025 to regulate digital assets• Central ...

Kenya passes landmark law to regulate booming cryptocurrency market
03

• The five-year plan allocates 388 billion pulas to boost growth and jobs.• Focus areas include tran...

Botswana unveils $27bn plan to accelerate economic diversification
04

• World Bank raises 2025 growth forecasts for Benin, Mali, Burkina, Côte d’Ivoire• Senegal and Niger...

World Bank Revises Up 2025 Forecasts for Four WAEMU Countries, Amid Falling Inflation
05

Copper prices hit $10,775/t, their highest since May 2024, driven by a weak dollar and recent...

Copper Prices Extend Gains Close to Record Highs, Improving Prospects for Zambia and the DRC
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.