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World Bank debars Chinese electrical equipment firm over fraud on Zambia project

The debarment is part of a settlement under which the company acknowledged responsibility for failing to disclose a conflict of interest and other “sanctionable practices,” and agreed to carry out remedial actions, the bank said in a statement WASHINGTON: The World Bank on Wednesday said China-based Liaoning-EFACEC Electrical Equipment Company Limited (LEEEC) would be ineligible […]

Public Procurement to Provide for Purchase Preference in Respect of RE Sector