Matooke Republic
Thursday, March 19, 2026
  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos
  • Relationships
Matooke Republic
  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos
  • Relationships
No Result
View All Result
Matooke Republic
No Result
View All Result

World Bank bans PwC firms in Kenya, Rwanda, Mauritius over fraud and collusion

Matooke Republic by Matooke Republic
March 19, 2026
in Business
Reading Time: 2 mins read
Share on FacebookShare on Twitter

The World Bank has banned PricewaterhouseCoopers (PwC) firms in Kenya, Rwanda, and Mauritius from participating in its projects for 21 months after uncovering serious misconduct in a regional energy project.

In a statement issued on 18 March 2026, the Bank said the three firms were involved in collusion and fraud linked to consultancy contracts under the Eastern Africa Power Integration Program, particularly the Ethiopian Electricity Highway Project. The project is designed to strengthen Kenya’s electricity supply while allowing Ethiopia to earn from power exports.

According to investigators, the firms obtained confidential procurement information in 2019 to gain an unfair advantage during the bidding process. They were also found to have misrepresented the credentials and availability of key experts and failed to fully disclose subcontractors involved in the work.

RELATED POSTS

From Coffee to Tech: Ambassador Oliver Wonekha outlines new opportunities in Uganda–China partnership

Equity Group posts record Ksh75.5 billion profit

The World Bank said these actions violated its procurement rules and undermined fair competition.

As a result, the three PwC entities—and any companies under their control—are now barred from taking part in World Bank-funded activities for the duration of the sanction.

The penalty follows a negotiated settlement in which the firms admitted wrongdoing. The Bank noted that their cooperation during the investigation, along with steps taken to strengthen internal controls and compliance systems, helped reduce the length of the ban.

Under the agreement, the firms must implement strict integrity and compliance measures before they can be considered for future World Bank projects.

While PwC Africa, the regional oversight body, was not directly sanctioned, it was part of the settlement to ensure closer supervision of its member firms going forward.

Related

Tags: KenyaMauritiusPricewaterhouseCoopersPwcRwandaWorld Bank
ShareTweetSend
Matooke Republic

Matooke Republic

Freshly peeled info from area code 256

Related Posts

Man arrested after allegedly trying to smuggle over 2,000 queen ants

by Matooke Republic
6 days ago

...

SGR’s Eight-Year Impact: Faster Travel, Booming Towns, and Safari Adventures

by Matooke Republic
1 week ago

...

Café Javas ordered to pay a customer Shs2 million for sending unsolicited marketing SMS

by Matooke Republic
3 weeks ago

...

Hidden in Nairobi’s leafy Karen suburb, Hermosa Garden Hotel & Spa offers a quiet refuge from hurry

by Matooke Republic
2 months ago

...

All you need to know about Afcon 2025: favourites, format and players to watch

by Matooke Republic
3 months ago

...

EC EC EC

RECOMMENDED

World Bank bans PwC firms in Kenya, Rwanda, Mauritius over fraud and collusion

March 19, 2026

Neon Energy Heads to Mbarara as Tusker Lite Raves Meet Marathon Fever

March 19, 2026

MOST VIEWED

  • Prison warder dies after colleague uses herbal ritual to recover stolen motorcycle

    9 shares
    Share 4 Tweet 2
  • Viana Indi leaves Next Media after just four years, reveals why

    7 shares
    Share 3 Tweet 2
  • The Opposition now appears leaderless—Ssegona advises Bobi Wine on what he should have done

    7 shares
    Share 3 Tweet 2
  • Why sexy Bettinah Tianah quit her job at NTV

    183 shares
    Share 73 Tweet 46
  • Constitutional Court nullifies controversial Computer Misuse Act

    6 shares
    Share 2 Tweet 2
Matooke Republic

Uganda's only free Newspaper. Out every Thursday. Freshly peeled info. kiwatule, Kampala, Uganda.

  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos

© Matooke Republic 2024

© Matooke Republic 2024

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.