World Bank bans PwC firms in Kenya, Rwanda, Mauritius over fraud
NAIROBI, Kenya, Mar 17 – The World Bank has barred three PricewaterhouseCoopers firms in Kenya, Rwanda and Mauritius from participating in its funded Kenya breaking news | Kenya news today |..
✨ Key Highlights
The World Bank has banned three PricewaterhouseCoopers (PwC) firms in Kenya, Rwanda, and Mauritius from its projects for 21 months due to fraud and collusion.
- The firms are implicated in misconduct related to the Eastern Electricity Highway Project in Ethiopia.
- The affected entities are PwC Kenya, PwC Rwanda, and PwC Associates Africa Ltd.
- They are accused of obtaining confidential procurement information in 2019 to improperly influence the award of consultancy contracts.
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KRA suspends agents, staff over Sh452m fraud scheme - March 2026
The Kenya Revenue Authority has interdicted six staff members and suspended 21 clearing agents in connection with a Sh452.2 million fraud scheme involving irregular cargo clearance. This action aligns with the World Bank's decision to ban three PricewaterhouseCoopers firms in Kenya, Rwanda, and Mauritius from its projects for 21 months due to fraud and collusion. These developments highlight ongoing challenges with financial integrity and corruption in East Africa's business and regulatory environments.
