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Participation in ADB tenders: Excludes the Ivorian real estate trade and construction company

26/07/2022
Categories: Companies

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On July 25, 2022, the African Development Bank Group announced the exclusion of the Real Estate Commerce and Construction Company for fraudulent practices.

The nine-month exclusion takes effect as of June 27, 2022. During the exclusion period, the Real Estate Commerce and Construction Company and its subsidiaries will not be eligible for tenders for projects financed by the African Development Bank Group. An investigation by the Office of Integrity and Anti-Corruption (PIAC) of the African Development Bank established that the company had engaged in fraudulent practices during a tender for AMÉ's work Management of the CCIA Building and Tower B of the African Development Bank in Abidjan, Côte d'Ivoire. The renovation of the CCIA Building and Tower B of the African Development Bank was intended to allow the Bank to occupy these premises. Recall that the company Entreprise de Commerce et de Construction Immobilière is an Ivorian company with limited liability

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