Thursday, February 22, 2024
NewsAfrican Development Bank Group - AfDB debars Ethiopian firm and its chairperson...

African Development Bank Group – AfDB debars Ethiopian firm and its chairperson for fraudulent practices

The African Development Bank Group (AfDB) has announced the 15-month debarment of Beza Consulting Engineers PLC and its Chairperson and General Manager, Gidey Gebregzibher, effective from 21 August 2023.

Beza Consulting Engineers PLC, a consulting firm registered in Ethiopia, and Gidey were found to have engaged in fraudulent practices during a tender for the Provision of Consultancy Services for the Kapoeta-Boma-Raad Road Project, the bank said.

The project is part of the Transport Facilitation and Road Upgrading Studies of the Kampala-Juba-Addis Ababa-Djibouti Corridor Programme, which aims to improve infrastructure connectivity between Uganda, South Sudan, Ethiopia, and Djibouti.

During the debarment period, Beza Consulting, its affiliates, and Gidey are not allowed to engage in any Bank Group-financed activities. To resume participation after the debarment period, Beza Consulting must implement an integrity compliance program in accordance with the Bank’s guidelines.

Gidey will also need to complete an accredited business ethics and integrity training consistent with the Bank’s guidelines, according to the Bank.

- Advertisement -

Video from Enat Bank Youtube Channel.


- Advertisement -


More like this

Stepping up the commitment to the AU

As the two-day 37th Ordinary Session of the Assembly...

Self-taught and determined: Rophnan carves unique path with dual album release

Rophnan Nuri is among the brightest of a handful...

Another year, another summit. Can the AU live up to expectations?

It is the time of year when Addis Ababa...

Africa will face USD3.3 trillion finance deficit in next decade: AU development arm

Africa must step up its resource mobilization efforts if...