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African Development Bank Group, JICA sign $350 million loan agreement to support Africa’s private sector

The African Development Bank and the Japan International Cooperation Agency (JICA) signed a JPY 44,100,000,000 ($350 million) loan to finance the Bank’s support for private sector operations in Africa.

The loan comes under the Enhanced Private Sector Assistance (EPSA) initiative, which is a component of Japan’s Official Development Assistance to Africa. The fifth version of EPSA, for an amount of $4 billion, was signed by the Bank and JICA at the Eighth Tokyo International Conference on African Development (TICAD 8), held in Tunis last August.

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