Source: African Development Bank Group (AfDB) |

African Development Bank debars Entreprise de Commerce et de Construction Immobilière for nine months for fraudulent practices

An investigation established that Entreprise de Commerce et de Construction Immobilière engaged in fraudulent practices during a tender for the Rehabilitation of the CCIA Building and Tower B of the African Development Bank

The African Development Bank Group (www.AfDB.org), on 25 July 2022, announces the nine-month debarment of Entreprise de Commerce et de Construction Immobilière with effect from 27 June 2022. Entreprise de Commerce et de Construction Immobilière is a limited liability company registered under the laws of the Republic of Côte d'Ivoire.…

African Development Bank Group (AfDB)
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    • Women farmers in Rogo in the Maradi region of Niger are benefiting from projects financed by the African Development Bank, a member of the Sahel Alliance, which held its 3rd General Assembly on April 4 in Madrid
    • Sahel Alliance’s 3rd General Assembly strengthens commitments to Sahelian populations (1)
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Source: African Development Bank Group (AfDB) |

Sahel Alliance’s 3rd General Assembly strengthens commitments to Sahelian populations

The members of the Sahel Alliance reaffirm their desire to remain fully engaged with the people of the G5 Sahel

Representatives of the Sahel Alliance and its partners met in Madrid on 4 April 2022, under the chairmanship of the Spanish Minister of Foreign Affairs, European Union and Cooperation, for the Sahel Alliance's 3rd General Assembly. Deeply concerned by the deterioration of the political and security situation, the escalation of…

Source: African Development Bank Group (AfDB) |

African Legal Support Facility celebrates achievements as it begins new 14-year mandate

Explored innovative ways to bolster African legal and technical capacity, particularly in the debt, extractives, energy, and infrastructure sectors

African leaders on Wednesday lauded the African Legal Support Facility (https://bit.ly/2W7g0aF) for helping governments avert billions of dollars in losses from business deals, and urged it to extend support to tackling illicit financial flows. At a high-level conference to review the Facility’s achievements over the last decade, speakers, including experts…

Source: African Development Bank Group (AfDB) |

African Development Bank debars Sargittarius Nigeria Limited and its affiliates for 18 months for fraudulent practices

The debarment renders Sargittarius Nigeria Limited and its affiliates ineligible to participate in Bank Group-financed projects during the debarment period

The African Development Bank Group (www.AfDB.org), on 17 August 2021, announces the 18-month debarment of Sargittarius Nigeria Limited and its affiliates, including Sargittarius Henan Water Conservancy Engineering Limited, with effect from 28 July 2021. Sargittarius Nigeria Limited is a limited liability company registered in the Federal Republic of Nigeria. An…

Source: African Development Bank Group (AfDB) |

African Legal Support Facility holds Annual Meetings

The meetings were held virtually from 24-25 May 2021

The African Legal Support Facility (ALSF) (www.ALSF.int) has concluded virtual Annual Meetings of its management board and Governing Council during which the institution’s term was extended until 2036. The extension – for an additional 14 years beyond the original term date of 2022 – was based on the ALSF’s accomplishments,…

Source: African Development Bank Group (AfDB) |

African Development Bank debars Maxicare Company (Nigeria) Limited for 36 months for collusive and fraudulent practices

Maxicare Company (Nigeria) Limited is a limited liability company registered in the Federal Republic of Nigeria

The African Development Bank Group (www.AfDB.org), on 28 April 2021, announces the 36 month debarment of Maxicare Company (Nigeria) Limited with effect from 23 February 2021. Maxicare Company (Nigeria) Limited is a limited liability company registered in the Federal Republic of Nigeria. An investigation conducted by the Bank’s Office of…

Source: African Development Bank Group (AfDB) |

African Legal Support Facility: Governing board lauds Covid-19 support to clients

The board commended ALSF’s performance, particularly its response to clients during the Covid-19 pandemic, including servicing of debt and contract renegotiations

The governing board of the African Legal Support Facility (ALSF) (www.ALSF.int) has met to review its progress over the past year, noting its strong performance in providing solutions to its clients during the Covid-19 pandemic. The board approved the Facility’s draft annual report and 2020 financial statements, endorsing the extension…

Source: African Development Bank Group (AfDB) |

Integrity in Development Projects: African Development Bank issues Letter of Reprimand to Mitsubishi Heavy Industries Ltd. for sanctionable practice

The African Development Bank considers there is sufficient evidence to support a finding that it is more likely than not that MHI engaged in sanctionable practices

The African Development Bank Group (“AfDB”) (www.AfDB.org), on 2 February 2021, issued a sanction decision against Mitsubishi Heavy Industries, Ltd. (“MHI”). This matter arises in the context of the Abu Qir 1300 MW Steam Power Project (hereinafter referred to as the “Project”) in Egypt. On 15 January 2008, the Bank…

Source: African Development Bank Group (AfDB) |

African Legal Support Facility receives £2.6 million from Norway, UK, to boost debt management capacity, other activities in low-income countries

The Norwegian government, through its Agency for Development Cooperation, provided 20 million Norwegian kroner (around £1.6 million) to support the 2021 and 2022 work programs of the ALSF

The governments of Norway and the United Kingdom have extended grants of around £2.6 million to the African Legal Support Facility (ALSF) to support its activities over the next two years. The Norwegian government, through its Agency for Development Cooperation, provided 20 million Norwegian kroner (around £1.6 million) to support…

Source: African Development Bank Group (AfDB) |

The African Legal Support Facility to receive €6 million grant from the Netherlands to fund work in low-income countries

The funding will be disbursed over a three-year period

The Netherlands Ministry for Trade and Development Cooperation is extending a €6 million grant to the African Legal Support Facility (ALSF), to support the ALSF’s work providing legal and technical services to low-income countries to give them more clout in commercial dealings. The funding will be disbursed over a three-year…