There’s no shortage of investor
interest in Africa. Despite the emerging market slowdown and
dropping commodity prices, the continent’s growing
middle class and abundant natural resources make it an
irresistible prospect for foreign sponsors, financiers and
Foreign private players’ attitudes
toward – and activities in – Africa have come
a long way since the continent’s growth story took
off in 2000. Corporate social responsibility has become
mainstream. Local investment frameworks have been rewritten.
And on-the-ground legal expertise has grown exponentially.
But more must be done to ensure the 54 countries
capitalise on private investment to build a fairer and more
sustainable Africa. The
African Legal Support Facility (ALSF) is helping
governments do exactly that.
An affiliate of the African Development Bank (AfDB), the
ALSF provides government assistance in vulture fund litigation,
and contract negotiations and advisory. Its ancillary services