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March 18, 2026
3h ago

World Bank Slaps 2 Kenyan Firms with 21-Month Ban Over Ksh149.8 Billion Scheme

World Bank Slaps 2 Kenyan Firms with 21-Month Ban Over Ksh149.8 Billion Scheme

The World Bank classified the entire conduct as collusive and fraudulent under its Consultant Guidelines...

✨ Key Highlights

Two Kenyan firms, PricewaterhouseCoopers Limited, Kenya (PwC Kenya) and PricewaterhouseCoopers Associates Africa Ltd., have been banned by the World Bank for 21 months due to fraud and collusion in a Ksh149.8 billion electricity project.

  • The ban affects PwC Kenya, PwC Associates Africa Ltd., and PwC Rwanda Limited.
  • The misconduct occurred during the Eastern Electricity Highway Project in Ethiopia.
  • The firms improperly influenced the award of consultancy contracts for Ethiopian Electric Power Corporation and Ethiopian Electric Utility.

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