The African Development Bank (AfDB) announced on 7 May that Chinese equipment manufacturer and engineering, procurement and construction contractor Chint Electric has been blacklisted for 36 months. During the period, Chint will be unable to bid, subcontract or provide services under any contract in which the AfDB is participating as a financier. The settlement reached with Chint will see the AfDB monitor progress in strengthening the company’s corporate compliance. The debarment period could be reduced to 24 months if conditions are met early.
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