(August 2, 2004) Sub-Saharan Africa now owes $201 billion in international debts. Africa will not develop with these unending obstacles and more aid, and therefore debt and interest obligations, are exacerbating the problem.
Minister spells out IMF, World Bank terms
(August 1, 2002) There are three outstanding conditions set by the Bretton Woods institutions which the Government is yet to fulfil for the resumption of aid , Finance Assistant Minister David Kirui said.
Corruption: Canada backs firm banned by World Bank
(July 30, 2004) It is business as usual between Canadian government agencies and a local company barred from World Bank contracts after being convicted of bribery in Africa.
Kenya asks for help in sniffing out corruption
(July 29, 2004) Kenya had asked six countries to help find evidence abroad for its probe into alleged government corruption, the country’s top anti-graft official, permanent secretary for governance and ethics John Githongo, told the Daily Nation yesterday.
Scandal hitting Acres
(July 26, 2004) Ontario-based Acres International is still feeling the repercussions of a scandal-ridden African water project.
Acres is blacklisted for graft
(July 26, 2004) The World Bank had blacklisted Canadian engineering firm Acres International for three years for "corrupt activities" related to the bank-sponsored Lesotho Highlands Water Project, it said at the weekend.
World Bank puts sanctions on Oakville engineering firm
(July 24, 2004) Acres barred from bank-funded work following overseas bribery conviction.
World Bank penalizes Canadian company
(July 24, 2004) The World Bank has, for the first time, levied penalties against a Western company for corruption, banning prominent engineering firm Acres International from bidding on bank-financed projects for three years.
World Bank blacklists Canadian MNC
(July 24, 2004) The World Bank said on Friday that it had blacklisted its first multinational with the debarring of Canadian engineering firm Acres International from new contracts for three years.
World Bank blacklists firm
(July 23, 2004) The World Bank has blacklisted its first multinational, debarring Canadian engineering company Acres International from new contracts for three years.
World Bank bars Acres International over Lesotho water project
(July 23, 2004) Acres International was barred from seeking World Bank contracts for three years after the lender said Acres bribed government officials in the African nation of Lesotho to get favorable treatment on a water project.
PRESS RELEASE Landmark decision will lead to other debarments
(July 23, 2004) Canadian-based foreign aid watchdog Probe International welcomed the World Bank’s decision today to blacklist Canadian engineering company Acres International from receiving World Bank contracts for the next three years and predicts the Bank’s blacklisting of Acres will lead to more debarments of other companies convicted in the Lesotho corruption trials.
World Bank sanctions Acres International Limited
(July 23, 2004) The World Bank in its press release announcing a three-year ban on new Bank contracts for Acres International, said its sanctions committee had considered a number of mitigating factors in its ruling.
World Bank bars Canada’s Acres for corruption
(July 23, 2004) The World Bank announced today it had blacklisted the Canadian engineering company Acres International for three years for corruption in a massive bank-financed dam project in Lesotho.
Kenya to crack down on corruption
(July 21, 2004) Kenyan President Mwai Kibaki has announced the creation of a national committee to fight corruption.
Patricia Adams
Dai Qing
Fan Xiao
Lawrence Solomon
Mu Lan
Probe International
Lisa Peryman
Patricia Adams and Lawrence Solomon
Other News Sources
Probe International 