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Tuesday, May 17, 2022

AfDB bars Kenya-based firm, affiliates over fraudulent transactions

The African Development Bank (AfDB) on Wednesday said it has barred a Kenya based firm, Rockey Africa Limited and its affiliates including Aerospace Aviation, Eva-Top Agencies, Sony Commercial Agencies, Beta Trading Company and Madujey Global Services for 18-month from transacting business with the Group.

AfDB in a statement, said it has also debarred for 24 months, Robert Kamau Wachira, the Chairman and Chief Executive Officer of Rockey Africa Limited.

The debarments, according to the regional banking group take effect from August 5, 2021. All six companies are registered under the laws of the Republic of Kenya.

“An investigation conducted by the Bank’s Office of Integrity and Anti-Corruption established that Rockey Africa Limited, its above-named affiliates and Mr. Wachira, engaged in fraudulent practices in several tenders under the Support to Enhancement of Quality and Relevance in Higher Education, Science and Technology Project implemented in Kenya.

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“During the debarment periods, Rockey Africa Limited, its affiliates and Mr. Wachira will be ineligible to participate in Bank Group-financed projects.

“Additionally, this debarment qualifies for cross-debarment by other multilateral development banks under the Agreement for Mutual Enforcement of Debarment Decisions, including the Asian Development Bank, the European Bank for Reconstruction and Development, the Inter-American Development Bank and the World Bank Group,” the continental lender stated.

It said that att the expiry of the debarment periods, Rockey Africa Limited and its affiliates will only be eligible to resume participation in African Development Bank Group-financed projects after implementing integrity compliance programs consistent with the Bank’s guidelines; and in the case of Mr. Wachira, after completing an accredited business integrity training.

The Support to Enhancement of Quality and Relevance in Higher Education, Science and Technology Project is aimed at increasing the number of qualified and skilled engineers in line with Kenya’s Vision 2030 priorities for science, technology and innovation.

The Project is co-financed by the African Development Fund, an entity of the African Development Bank Group and the Government of Kenya.

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