27
AprThe African Development Bank (AfDB) and the Japan International Cooperation Agency (JICA) have signed a JPY 44,100,000,000 (350 million dollars) loan agreement to pay for the Bank’s support of African private sector operations. According to a statement issued by the bank on Thursday in Abuja, the loan is under the Enhanced Private Sector Assistance (EPSA) initiative, a component of Japan’s Official Development Assistance to Africa.The Fifth Version of the Four Billion Dollar EPSA was signed in August 2022 in Tunis, Tunisia, at the Eighth Tokyo International Conference on African Development (TICAD 8).JICA President Dr. Tanaka Akihiko and AfDB President Dr. […]
30
AugThe Japanese government and the African Development Bank (AfDB) have formed a $5 billion financial partnership to assist countries in the region experiencing debt crises. According to a statement on the AfDB website, the bank made the vow on Sunday at the eighth Tokyo international conference on African development (TICAD8) in Tunisia. The AfDB stated that the assistance would be provided during the fifth phase of the enhanced private sector assistance for Africa project (EPSA 5) from 2023 to 2025. It stated that the fund will consist of $4 billion from the existing window and an extra $1 billion from[…]