World Bank sanctions Kenyan tech firm Techno Brain over collusion, fraud
Published on: October 13, 2020 10:01 (EAT)
The World Bank Group has blocked local IT firm Techno Brain and its UAE based parent firm Techno Brain Global over connections to collusive and fraudulent practices. The debarment will see the pair become ineligible to participate in projects and operations financed by institutions of the multi-lateral lender for 28 and 10 months respectively. The block is part of a settlement agreement after the companies’ acknowledged their role in the malpractices registered as part of an Integrated Public Financial Management reform project in Liberia. The two firms have been fingered for engaging in an arrangement to obtain and edit confidential bidding documentation so as to influence the awarding of a contract in their favour. Subsequently, Techno Brain Kenya was awarded the tender regardless of not meeting the tender requirements leading to a substantial reduction in the extent of work provided in the contract. The sanctioned firms have committed to developing an integrity compliance program consistent with principles set out in the World Bank Group integrity compliance guidelines.