A force majeure clause is a common provision in contracts. It is a contractual provision allocating the risk of loss if performance becomes impossible or impracticable, especially as a result of an event that the parties could not have anticipated or controlled.
Latest by Ahmed Alkalawy
Stronger innovative partnerships between the public and private sectors will be needed to ensure existing PPP projects survive, as project survival is the only option. With decreased economic activity, PPP projects are going to experience considerable revenue challenges in the coming weeks, months, and (possibly) years.
Working with private labs to boost testing capacity, the federal government is expected to make available 1.4m tests by next week and 5m within the month, according to administration estimates.
Narrowing Sub-Saharan Africa’s infrastructure gap could have a big effect on growth. For instance, growth of GDP per capita for the region would increase by estimated 1.7% per year, if the region
The contractual nature of Public-Private Partnerships acts as a powerful incentive to ensure that long-term perspective is put into practice