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 Name | Entity Type | Effective Date | Status |
---|---|---|---|
Comsis Information Technology Solutions Services (“Comsis Afghanistan”) | Company | Sep 19, 2024 | inactive |
JYC IMPORT EXPORT | Company | May 15, 2014 | inactive |
RVAC Private Limited Singapore | Company | Dec 7, 2021 | inactive |
Central American Technology Corporation SA | Company | Jun 26, 2018 | inactive |
Guangrongfeng Hong Kong Industrial Co Limited | Company | Dec 27, 2017 | inactive |
M R Heavy Equipment Road Builders | Company | Jul 14, 2015 | inactive |
Dangshan Soaring General Aviation Industry Development Co Ltd | Company | Jul 22, 2024 | inactive |
Ulife Central America SA | Company | Mar 25, 2022 | inactive |
GE Power Systems GmbH | Company | Mar 15, 2019 | inactive |
Construtora OAS Ghana Limited | Company | Mar 18, 2022 | inactive |
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.
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