{"id":466832,"date":"2019-08-30T12:24:27","date_gmt":"2019-08-30T11:24:27","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=466832"},"modified":"2019-08-30T12:44:33","modified_gmt":"2019-08-30T11:44:33","slug":"japan-and-african-development-bank-announce-3-5-billion-in-support-of-africas-private-sector-development","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2019\/08\/30\/japan-and-african-development-bank-announce-3-5-billion-in-support-of-africas-private-sector-development\/","title":{"rendered":"Japan and African Development Bank announce $3.5 billion in support of Africa\u2019s private sector development"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><div>Japan and the African Development Bank (<u><a href=\"http:\/\/www.afdb.org\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=http:\/\/www.AfDB.org&amp;source=gmail&amp;ust=1567250354126000&amp;usg=AFQjCNHiMNl4IaioA1nkFgM3BqplNNnxDA\">www.AfDB.org<\/a><\/u>) on Friday announced a joint target of $3.5 billion under the Enhanced Private Sector Assistance for Africa initiative (EPSA4), during the 7th Tokyo International Conference on African Development (TICAD 7).\u2028\u2028Both Japan and the Bank have set a target of $1.75 billion each, from 2020-2022, to enhance the fourth phase of EPSA to spur private-sector-led sustainable and inclusive growth in Africa.\u2028\u2028\u201cBuilding on the successful achievements so far, Japan and the Bank have decided to upgrade EPSA in both quality and quantity to meet financial needs for infrastructure development as well as for the private sector development in Africa,\u201d Japan\u2019s State Minister of Finance,\u201d Mr. Keisuke Suzuki said at the EPSA4 launch ceremony held in Yokohama and attended by government officials and a high-level delegation from the Bank as well as representations of the business community.\u2028\u2028\u201cI wish that the new EPSA initiative will lead to business, investment promotion, and job creation in Africa,\u201d Mr. Suzuki noted.\u2028\u2028\u00a0Electricity, transportation, and health will be key priorities under EPSA4. Projects and programs for the 3 key priorities will be formulated and implemented in line with the G20 Principles for Quality Infrastructure Investment and G20 Shared Understanding on the Importance of UHC Financing in Developing Countries. African countries will also be provided with support to improve and create conducive business environments to attract private investments.\u2028\u2028\u201cToday marks another day to celebrate the strong and impactful partnership between Japan and the African Development Bank.\u00a0The African Development Bank and the Japan International Cooperation Agency (JICA) are long-term partners for promoting the development of Africa. EPSA helps to deliver much needed to support the private sector,\u201d Dr. Akinwumi Adesina, President of the African Development, said during his address.\u2028\u2028During EPSA1 (2005-2011), Japan set the target of providing $ 1 billion in loans and $ 2 billion under the second phase (2012-2016). The ongoing EPSA3 (2017-2019), Japan and the African Development Bank are cooperating closely to provide the targeted joint amount of $ 3 billion.\u2028\u2028As of today, the Bank and JICA under ACFA have co-financed 25 projects to improve key transportation and electricity transmission networks. These include the Construction of Three Intersections in Abidjan in C\u00f4te d\u2019Ivoire and Power Sector Reform Program in Angola.<\/div>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Japan and the African Development Bank (www.AfDB.org) on Friday announced a joint target of $3.5 billion under the Enhanced Private Sector Assistance for Africa initiative (EPSA4), during the 7th Tokyo International Conference on African Development (TICAD 7).\u2028\u2028Both Japan and the Bank have set a target of $1.75 billion each, from 2020-2022, to enhance the fourth<\/p>\n","protected":false},"author":4,"featured_media":466833,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[16158,12040],"tags":[13039,16195,16196],"class_list":{"0":"post-466832","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-bank","8":"category-international-institutions","9":"tag-african-development-bank","10":"tag-japan","11":"tag-mr-keisuke-suzuki","12":"post_format-post-format-aside","13":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Japan and African Development Bank announce $3.5 billion in support of Africa\u2019s private sector development - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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