List of Debarred Entities by African Development Bank

The African Development Bank (AfDB) maintains a list of debarred entities to uphold integrity and accountability in its operations. This list includes organizations and individuals who have been barred from participating in AfDB-funded projects due to misconduct, such as fraud or corruption.

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1,785 Entities in List of Debarred Entities by African Development Bank
Entity NameEntity TypeEffective DateStatus

Nanchang Hehong Construction Co Ltd

CompanyOct 16, 2019inactive

Digimax Services Limited

CompanyOct 27, 2021inactive

MMK PROJECT SERVICES LIMITED

CompanyJan 31, 2014inactive

Hebei Shenning Construction Engineering Co Ltd

CompanyJul 22, 2024inactive

Constructora Arosemena y Asociados SA

CompanyFeb 21, 2018inactive

Weihai Construction Group Coliccon Construction Development Ltd

CompanyNov 19, 2021inactive

Yunnan Jincheng Construction Engineering Co. Ltd. (“Yunnan Jincheng”)

CompanyMar 23, 2020inactive

Weihai Hengye Film Projection Co Ltd

CompanyNov 19, 2021inactive

Chestnut Street Group LLC

CompanyMay 4, 2016inactive

OSTEK CONSTRUCTION ELECTRIC AUTOMATION SYSTEM TECHNOLOGIES LTD

CompanyFeb 11, 2014inactive

FAQs

Why is compliance with the List of Debarred Entities by African Development Bank necessary?

Compliance with the list of debarred entities by the African Development Bank (AfDB) is essential to ensure the integrity of financial transactions and projects funded by the bank. By adhering to these sanctions, organizations safeguard their operations from engaging with firms or individuals that have violated ethical standards or contractual obligations. This not only protects the reputation of involved parties but also contributes to the overall effectiveness of development initiatives, enabling the AfDB to allocate resources responsibly and effectively.

Which companies should comply with List of Debarred Entities by African Development Bank?

Companies involved in financial services, construction, and procurement should comply with the list of debarred entities by the African Development Bank (AfDB). Compliance is crucial to ensure that these businesses do not engage with sanctioned entities, which could lead to financial penalties, reputational damage, and exclusion from future contracts. This adherence promotes integrity and accountability in development projects across the continent.