…move spurred by ‘complicated’ PPPs
Lesotho has joined the African Legal Support Facility (ALSF) to become the 57th state to be part of the group.
The ALSF was established in 2010 to assist African countries in commercial creditor litigation and related issues.
The agreement was signed on Monday last week in the Rwandan capital Kigali on the sidelines of a High-Level Meeting of the Governing Council of ALSF.
The meeting was held under the theme: “Addressing Capacity Gaps in Contract negotiations: Four Years of the African Legal Support Facility.”
The Minister of Finance, Leketekete Ketso, signed the agreement on behalf of Lesotho, while the ALSF Director, Stephen Karangizi, signed for the organisation.
Dr Ketso told the meeting Lesotho was currently revising many mining and mineral policies put in place in the 1970s, that would benefit immensely from the expertise of the ALSF.
The minister added the government was also negotiating a number of complicated Public Private Partnership (PPP) contracts and required pieces of good legislation to implement the policy.
The ALSF was set up at the request of African finance ministers to cope with excessive creditor litigations (vulture funds) and also to assist African countries in negotiating complex commercial contracts.
The facility assists African states on dozens of projects related to extractive industry contracts, debt negotiations and capacity building.
Membership in the ALSF is open to all sovereign nations and international organisations.
The African Development Bank hosts the ALSF and last week’s high-level meeting took place as part of the Bank’s Annual Meetings programme.