31 December 2021 marked a long-anticipated landmark in the global financial market; with a few exceptions, the publication of the London Interbank Offered Rate (LIBOR) has ceased. Out of the 35 settings of LIBOR in CHF, EUR, GBP, USD and JPY, only 11 remain in place as of 1 January 2022.
Insight type: Article
A Guidebook on Public-Private Partnership in Infrastructure
The Infrastructure/ Public-Private Partnerships (PPP) Course Handbook – Level 2 was developed in collaboration with African Legal Support Facility (ALSF). ALSF is an international organisation hosted by the African Development Bank Group, dedicated to providing legal advice and technical assistance to African countries in the structuring and negotiation of complex commercial transactions and developing innovative tools for capacity building.
Infrastructure PPPs are complex and multifaceted undertakings characterized by multiple parties and their varying interests, complex risk considerations and protracted negotiations. The Level 2 Course Handbook provides detailed insight into the role of contracts in governing the complex PPP ecosystem. The handbook examines questions such as:
- Why are contracts so integral to the success of an infrastructure PPP?
- What is the role of joint development agreements and equity documents in the relationship between project developers/sponsors?
- How are risks appropriately allocated between government and a private party in a project agreement?
- What support or instruments can governments provide to drive private sector investment in emerging African markets?
- What types of financing documentation are used in project finance transactions?
- How are the numerous risks associated with constructing large-scale, high-value infrastructure PPPs catered for in construction contracts?
Through a thorough and cross-cutting assessment of the key contracts in a PPP project, the Level 2 Course Handbook provides a comprehensive look into infrastructure PPPs that will benefit government officials, project developers, lawyers, students, and anyone curious about the intricacies of PPPs.
Should you have any comments or queries on the handbook, please email projectsteam@africalegalnetwork.com
Cryptocurrency Boom in Africa: What is Next for Kenya?
The adoption of cryptocurrency globally has been on a gradual rise and in a little over a decade, the sector has ballooned and is estimated to be worth over USD 3 trillion. This momentum has not escaped Africa which has been reported widely as one of the fastest-growing and most promising continents for the adoption of cryptocurrencies.
Is it Wise to Amend the Forest Conservation and Management Act, 2016?
Turning the Tide of Plastic Pollution
Corporate social responsibility and Pro bono are entwined in our DNA because our people believe deeply in making the world a better place are committed to the environment and our social impact.
The Mechanics of a Potential US-Kenya FTA Within East Africa’s Existing Customs Union
In 2020, the US and Kenya commenced negotiations to conclude a Free Trade Agreement (FTA).
Transforming Access to Healthcare Through a First Mile Approach
Building a strong ecosystem of like-minded institutions to make access, affordability and quality healthcare available to all including the less fortunate is important, observes ALN Kenya Managing Partner Karim Anjarwalla as he lay the ground for discussions at the Transforming Healthcare Through a First Mile Approach in Lamu and Beyond webinar held on 22 September 2021.
Impact of the Proposed US-Kenya FTA on Kenya’s Data and Digital Trade Policy
In July 2020, Kenya and the United States (US) announced their intention to conclude a Free Trade Agreement (FTA). Since then, there has been considerable speculation as to whether this would be a mutually beneficial arrangement.
Why Environmental, Social and Corporate Governance Matters for Organisations in Emerging Markets
Relevance of Environmental, Social, and (Corporate) Governance in Emerging Markets
Emerging markets are often inherently unpredictable and volatile in nature not only from a geopolitical, macroeconomic, and legal compliance perspective but also in view of quickly unfolding societal shifts, and repercussions from climate change and poverty.
The Proposed US-Kenya FTA: Far Reaching Impact
The Kenyan Constitution conceptualises democracy in much broader terms than just free and fair elections. It encapsulates the idea Mamdani espoused that if democracy is to be an activity of meaning to citizens as a whole then its form and scope must be meaningfully related to the living conditions of the citizens.