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African Legal Support Facility III (VPT 2)

Sector: Commercial • Location: Africa NA

Source: KFW Bank aus Verantwortung

Project
Active

The project supports the African Legal Support Facility (ALSF) in advising African states on legal processes and legal issues relating to private sector contracts and contract negotiations in the raw materials sector, infrastructure projects and national debt. The cooperation with the ALSF complements the G7 CONNEX initiative supported by Germany. The aim of the FC measure is to increase the benef

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The project “African Legal Support Facility III (VPT 2)” is an infrastructure initiative in the Commercial sector, located in Africa NA. Taiyo aggregates data on it from KFW Bank aus Verantwortung.

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Description

Description

The project supports the African Legal Support Facility (ALSF) in advising African states on legal processes and legal issues relating to private sector contracts and contract negotiations in the raw materials sector, infrastructure projects and national debt. The cooperation with the ALSF complements the G7 CONNEX initiative supported by Germany. The aim of the FC measure is to increase the benefits for African states in negotiating complex commercial transactions and at the same time to improve the necessary local capacities. The overarching development policy objective is to contribute to improved sustainable economic and inclusive growth in Africa. The primary target group of the FC measure are governments of African states, which receive assistance on legal issues and thus become equal partners in contract negotiations and legal disputes with private companies. In addition, government employees and legal experts from African partner states who receive further training through the ALSF benefit. Ultimately, the population of the participating countries benefits from more transparent contract conclusions that stipulate higher revenues and better standards in environmental and social issues. The recipient and project sponsor is the African Legal Support Facility (ALSF). The total cost of the project is estimated at around USD 59 million over a period of 2 years (2021-2022). The donor funds pledged so far for this period, including contributions from the ALSF member states, amount to around USD 41 million. In order to further close the financing gap, the ALSF is to be provided with an FC grant of EUR 6 million (USD 7 million).

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High

Data quality score

100%

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URL

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