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African Development Bank bans Sinotec Company Limited for 3 years over fraudulent practices

by CEO Reporter
An investigation conducted by the Bank’s Office of Integrity and Anti-Corruption established that Sinotec Company Limited misrepresented its experience, among other factors, in the bidding process for projects. Courtesy photo

The African Development Bank Group, on 20 April 2020, announced the debarment of Sinotec Company Limited, an energy solutions company registered in China. Pursuant to a decision by the Bank’s…

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