TDB Deposits Instrument of Accession to the Agreement for the Establishment of the African Legal Support Facility

Abidjan, Côte d'Ivoire, 04 April 2024: The Eastern and Southern African Trade and Development Bank (TDB) (https://www.tdbgroup.org) has become the latest member of the African Legal Support Facility (ALSF) after depositing its Instrument of Accession to the Agreement for the Establishment of the African Legal Support Facility (Agreement) on Wednesday, 03 April 2024. With its accession to the Agreement TDB becomes the sixty-first (61st) member of the ALSF, and the eighth (8th) institutional member after the African Development Bank (AfDB), Africa Finance Corporation (AFC), African Union (AU), Islamic Development Bank (IsDB), ECOWAS Bank for Investment and Development (EBID), West African Development Bank (BOAD), and the Organisation for the Harmonisation in Africa of Business Law (OHADA). The ALSF membership also comprises 48 African countries and 5 non-African countries.

Receiving the Instrument of Accession, the Director and Chief Executive Officer of the ALSF, Mr. Olivier Pognon, noted the excellent and complementary partnership between ALSF and TDB and expressed his appreciation to the Group President and Managing Director of TDB, Mr. Admassu Tadesse, for his continued support and commitment to both institutions working together for the sustainable economic development of their Member States.

Following the formalisation of TDB’s membership of the ALSF, the two institutions expect to collaborate more effectively in supporting the development needs of their members.

About the ALSF

The ALSF was founded in 2008 and is an international organisation hosted by the African Development Bank. Its mandate is to assist African governments in creditor litigation and to provide legal and technical support and capacity building in negotiating complex commercial transactions. The ALSF provides support in the following key sectors - energy, infrastructure public private partnerships (PPPs), natural resources and extractives, and sovereign finance.

Contact Us

Eve EHOURA, Communication Officer: e.ehoura@afdb.org

Website: https://www.alsf.int