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 |
---|---|---|---|
Re Sustainability and Recycling Private Limited | Company | Dec 7, 2021 | inactive |
Changhong Construction Group Co Ltd | Company | Oct 16, 2019 | inactive |
Todini Costruzioni Generali SpA | Company | Nov 24, 2022 | inactive |
ASSOCIATION MUHANDISON | Company | Jun 1, 2011 | inactive |
GFCC LLC | Company | Jul 25, 2022 | inactive |
TG Ltd TG | Company | May 30, 2018 | inactive |
ASSOCIATION HIDROSTROITEL | Company | Nov 21, 2011 | inactive |
Sargittarius Nigeria Limited | Company | Jul 28, 2021 | inactive |
KLNB Group LLC | Company | May 4, 2016 | inactive |
2nd Construction Branch of Weihai Construction Group Co Ltd | Company | Nov 19, 2021 | 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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