African Development Bank Secures $350 Million Loan Deal from Japan International Cooperation Agency to Boost its Support for Private Sector Operations in Africa - NextBillion

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The African Development Bank (AfDB) and the Japan International Cooperation Agency (JICA) have signed a $350 million loan to finance the Banks support for private sector operations in Africa.The loan comes under the Enhanced Private Sector Assistance (EPSA) initiative, which is a component of Japans 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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