Swiss firm gets World Bank ban in Somali project..

Somalia news World

The World Bank has banned a Swiss boutique advisory firm Africa Enablers GmbH and two of its principals from participating in projects and operations financed by the institution for 10 months over tendering irregularities related to the Somali Core Economic Institutions and Opportunities Programme (Score project)…

The World Bank, in a statement on Tuesday, said the firm together with its two principals, Philipp Schuller and Stephan Willms, demonstrated misconduct in the bidding for the $28.5 million project by allegedly misrepresenting the company’s past experience in bidding for the contract.

The World Bank, in a statement on Tuesday, said the firm together with its two principals, Philipp Schuller and Stephan Willms, demonstrated misconduct in the bidding for the $28.5 million project by allegedly misrepresenting the company’s past experience in bidding for the contract.

The sanctions are the result of a settlement agreement, under which Africa Enablers and the Principals do not contest their responsibility for the underlying sanctionable practice and agree to meet specified integrity compliance conditions for release from debarment,” the Bank further said.

The sanctions consist of an initial 10-month debarment, during which Africa Enablers and principals will be ineligible to participate in projects and operations financed by the institutions of the World Bank Group, Thereafter the sanctions will convert to conditional non-debarment for another five months where the company and the principals will be eligible to participate in projects and operations financed by institutions of the World Bank Group but on conditions that they comply with their obligations under the settlement agreement.

315300cookie-checkSwiss firm gets World Bank ban in Somali project..
Malabow

Mr.Malabow is a Senior Writer and Editor at the Strategic Intelligence, Specializes in writing intelligence reports, geopolitics, military intelligence and organize crime reports.

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