The African Legal Support Facility (ALSF) will host its inaugural stakeholder meeting from November 21-22, 2016 in Abidjan, Côte d’Ivoire. Thirty-five experts comprising of African legal professionals and eminent development practitioners will meet to reflect and deliberate on challenges facing the legal fraternity on the continent.
“The challenges many African governments face in negotiations are made worse by the interdependent nature of government systems which requires targeted skills in specified sectors complemented by better coordination when it comes to negotiating transactions for governments. Also, some governments are in a difficult position because they are stuck with poorly negotiated contracts. How should governments deal with agreements that have no spillover effects on investment? A negotiating strategy which provides a framework within which governments can look for common elements and models that can be used to their advantage is important.” stated Falou Samb, Special Advisor to the President Senegal on Trade and Investments in Senegal.
Somalia’s offshore potential oil and gas reserves has garnered the attention of many international oil companies. The potential of these reserves, if managed well, will provide consistent revenue streams that could catalyse the economic development of Somalia.
The African Legal Support Facility (ALSF) and the Institute for Public Private Partnership (IP3) have signed a Memorandum of Understanding to enhance cooperation related to capacity building services offered in African countries.
The Republic of Guinea has become the first African nation to make a voluntary financial contribution to the African Legal Support Facility (ALSF).
On 22-23, June 2016, the African Legal Support Facility (ALSF) participated at the 6th Plenary Meeting of the Policy Dialogue on Natural Resource Based Development, jointly organized by the Organization for Economic Co-operation and Development (OECD) and the G7 Initiative on Strengthening Assistance for Complex Contract (CONNEX) in Paris, France.
The African Legal Support Facility (ALSF) and the World Bank Group (WBG) jointly hosted a workshop to review the second edition of the World Bank Group Report on “Recommended PPP Contractual Provisions” with support from the African Development Bank’s (AfDB) Southern Africa Resource Centre.
It is important that African governments take appropriate measures to conduct due diligence to maximise the benefits of their natural resources that may be used to finance infrastructure needs on the continent for transformation. The debate should not be about whether we own the resources, but rather the discussion should focus on how best African governments leverage their power their natural resources, stated the Director of African Natural Resource Centre (ANRC) at African Development Bank (AfDB), Sheila Khama.
African Legal Support Facility (ALSF) unveiled a new resource handbook titled Understanding Power Project Financing, on the sidelines of the African Development Bank Annual Meetings, in Lusaka, Zambia. The handbook addresses the challenges and strategies of private financing of a power project with a focus on the mechanisms utilised by stakeholders to address issues surrounding project financing particularly credit enhancement.
At the second donor roundtable meeting of the African Legal Support Facility (ALSF) held in Lusaka, Zambia, the donors unanimously agreed that the ALSF comparative advantage lies in its model and mandate that is targeted at creating an enabling private sector environment as well as addressing issues of fragility in commercial law matters, and as such multilateral development banks like the African Development Bank (AfDB) can capitalize on this to maximize their impact and benefit in Regional Member Countries (RMCs).