Redazione
The European Commission has approved a grant of 5 million euros to the African Legal Support Facility,
to finance the Facility’s Medium Term Strategy for the next five years.
ALSF, hosted by the African Development Bank, to date has supported African countries to negotiate
commercial deals worth more than US$60 billion in potential investments,
mainly in the infrastructure and extractive sectors.
This assistance from the European Union, will boost resources required to consolidate these achievements
and reinforce partnership between the two organisations in other common areas of interest,
such as support to development work in fragile states, climate
resilience and debt sustainability, ALSF Director Stephen Karangizi said.
Karangizi, thanked the EU for its generous support.
About ALSF
The African Legal Support Facility is an international organization hosted by the African Development Bank Group.
Contact:
About the African Development Bank Group
The African Development Bank Group (AfDB) is Africa’s premier development finance institution.
He noted that the grant would help ALSF fulfil its mandate to assist
African countries to negotiate and conclude equitable and sustainable
agreements which would deliver greater benefits to African governments and their citizens in the years to come.
The Facility is dedicated to providing legal advice and technical assistance
to African countries in their negotiation of complex commercial transactions,
creditor litigation and other related sovereign transactions.
The ALSF also develops and proposes innovative tools for capacity building and knowledge management.
Timothy Wasswa Kabugo, African Legal Support Facility, t.wasswa@afdb.org
It comprises three distinct entities:
the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF).
On the ground in 44 African countries with an external office in Japan, the Bank contributes to the economic
development and the social progress of its 54 regional member states.
