Public Management

African Legal Support Facility holds 2022 Annual Meetings

African Legal Support Facility holds 2022 Annual Meetings
Monday, 30 May 2022 13:25

The Management Board and Governing Council of the African Legal Support Facility (ALSF) have expressed satisfaction with the strong 2021 performance of the ALSF. They also commended the team’s timely and sustained response to the impacts of the Covid-19 pandemic across the Facility’s areas of intervention. The Board and Council also passed resolutions regarding ALSF operations.

This was the Facility’s 38th Management Board meeting and the Governing Council’s 14th meeting. Both took place on 23 May in the margins of the African Development Bank Group’s 2022 Annual Meetings in Accra, Ghana.

In 2021 ALSF approved 33 new projects and disbursed $11.07 million for advisory and capacity building projects. They covered various sectors, notably sovereign debt, natural resources and extractives, power, infrastructure public-private partnerships, and investment treaties and dispute resolution sectors. These were in  Angola, Botswana, Chad, Ethiopia, Central African Republic, Gabon, The Gambia, Lesotho, Sudan, and Somalia. Some projects were multinational.

At this week’s meetings, the Management Board and the Governing Council considered and approved the Facility’s 2021 audited financial statements. According to the statements, the ALSF  received cumulative financial contributions of about $120 million and disbursed nearly$ 94 million from 2010 through year end-2021. The documents confirm that ALSF is in good financial standing.

The meetings also approved the African Legal Support Facility’s 2021 Annual Report. The report provides an account of activities in 2021. They include  projects initiated and completed, key results and achievements, institutional development and corporate management, partnerships and outreach, risks and challenges, and prospective areas for intervention.

The Management Board and the Governing Council also recognized the outstanding and invaluable services of three outgoing members. Ms. Eva Jhala (Chairperson) and Ms. Nimatou D. Feliho will complete their three-year tenures on the Management Board on 29 June 2022.

Mr. Denis Dubuisson’s tenure as a member of the Governing Council representing Belgium will end on 31 August 2022. The Chairman of the Governing Council, Mr. Christopher Chalmers, expressed gratitude to the departing members for what was described as their excellent contributions to ALSF’s work.

ALSF Director and CEO Olivier Pognon commended the outgoing members for their dedication and accessibility. He thanked them for their guidance and support to the ALSF team as it continues its vital work. The Governing Council appointed two new members to replace the outgoing Management Board members.

The Management Board and the Governing Council also urged the Facility to intensify its support for member countries as they seek to accelerate economic recovery and sustainable development efforts. They stressed the importance of addressing issues of climate change, environmental and social protection gender equality and good governance.

About the ALSF

Created by the African Development Bank in 2010, the African Legal Support Facility supports African governments in negotiating complex commercial transactions, providing legal and technical assistance in public-private partnership projects across oil and gas, mining and energy sectors, and covering sovereign debt issues and related creditor litigation.

1 fondbanque

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Africa-based investors accounted for 30% of active VC players in 2025 Total VC funding reached $3.9 billion across 506 deals Venture debt jumped...
Cameroon will issue the first 15-year OTA in CEMAC on February 17, 2026. The Treasury seeks CFA20 billion to test demand beyond the 10-year...
IFC considers up to $8 million in Aruwa Fund II $50 million fund targets Nigerian, Ghanaian SMEs Focus on women-led firms in underserved...
Vista acquires 99.99% of Saham Assurances Niger Company rebranded as Vista Assurances Niger Deal marks entry into Niger’s small insurance...
Most Read
01

Absa Kenya hires M-PESA’s Sitoyo Lopokoiyit, signalling a shift from branch banking to a telecom-s...

Absa Kenya Imports a Telecom Playbook in Bid to Reinvent Retail Banking
02

Ziidi Trader enables NSE share trading via M-Pesa M-Pesa revenue rose 15.2% to 161.1 billio...

Safaricom launches M-Pesa platform for stock trading in Kenya
03

Deposits grow 2.7%, supporting lending recovery Average loan sizes small, credit risk persists ...

Togo Microfinance: Deposits and Loans Rise Simultaneously in Q3 2025
04

Oil majors expand offshore exploration from Senegal to Angola Gulf of Guinea accounts for about 1...

Gulf of Guinea regains appeal as a key exploration hub for oil majors
05

MTN Group has no official presence in the Democratic Republic of Congo, where the mobile market is d...

DRC Accuses MTN of Illegal Operations, Spotlighting Border Frequency Issues
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.