E-commerce: Facebook launches the Business Suite application for SMEs

Technology: Facebook is continuing its strategy of developing e-commerce on its platforms, by designing new tools for businesses. Facebook is launching a new application for small businesses, allowing you to manage professional pages or profiles on both Facebook and Instagram.  Facebook Business Suite The tool is called "Facebook Business Suite". The platform explains that this app allows businesses to post to Facebook and Instagram at the same time, and manage and receive messages, notifications and alerts in one place. The interface will also measure engagement, visualizing the tool's metrics through an information tab on Facebook and Instagram.

"We first designed Facebook Business Suite for small businesses, but it's a long-term investment, and we hope to make it the primary interface for businesses of all sizes that use Facebook, Messenger, Instagram and WhatsApp," Facebook CEO Sheryl Sandberg said in a blog post yesterday. “Th…

African Development Bank excludes Sinotec Company Limited for 36 months for fraudulent practices

The African Development Bank Group announced the exclusion of Sinotec Company Limited, an energy solutions company registered in China. Under a decision of the Bank’s Appeals Board, the company will be kicked out for 36 months for engaging in fraudulent practices.

An investigation by the Bank's Integrity and Anti-Corruption Bureau found that Sinotec Company Limited made fraudulent statements about the value and dates of its benchmark contracts and its relationships with other bidders. These false statements were made during the company's participation in three calls for tenders financed by the Bank in the context of the Rusumo hydroelectric power plant project in Rwanda, the rural electricity access project in Uganda and the “Last Mile” connectivity project in Kenya.

 
African Development Bank excludes Sinotec Company Limited for 36 months for fraudulent practices

During this exclusion period, Sinotec Company Limited and its subsidiaries will be ineligible for contracts financed by the Bank. In addition, this sanction can also be enforced by the Asian Development Bank, the European Bank for Reconstruction and Development, the World Bank Group and the Inter-American Development Bank under the Mutual Application Agreement. exclusion decisions.

At the end of this exclusion period, Sinotec Company Limited may again be eligible to participate in projects financed by the Bank subject to the implementation of an integrity program that complies with the guidelines of the institution.

The Rusumo hydropower project was funded by the African Development Fund, an entity of the African Development Bank Group, and aimed to develop sustainable energy infrastructure to increase electricity production and access to electricity through the construction of a hydroelectric plant, transmission lines and substations.

The rural electricity access project in Uganda was funded by the African Development Bank. The objective of this project was to support the long-term and short-term development strategies of the Ugandan government by improving access to electricity through low and medium voltage distribution networks and last-mile connections.




The Kenya Last Mile connectivity project, also financed by the Bank, aimed to ensure increased access to electricity through the provision of distribution equipment, the construction of low-voltage distribution lines and strengthening activities. capacities.

The Integrity and Anti-Corruption Office of the African Development Bank is responsible for the prevention, deterrence and investigation of corruption, fraud and other punishable practices in operations financed by the Group of the African Development Bank.