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African Development Bank Group (AfDB)

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    • Africa Investment Forum 2024: Sustainable Energy Fund for Africa welcomes Japan as donor; showcases innovative financing solutions for Africa's energy transition
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Source: African Development Bank Group (AfDB) |

Africa Investment Forum 2024: Sustainable Energy Fund for Africa welcomes Japan as donor; showcases innovative financing solutions for Africa's energy transition

The announcement was made at a thematic boardroom session showcasing innovative funding structures to accelerate Africa's energy transition

The Sustainable Energy Fund for Africa (SEFA) recorded a new milestone at the Africa Investment Forum 2024, with the announcement of Japan as its newest contributor, expanding the Fund’s donor base to 11 and strengthening its capacity to support crucial energy projects. The announcement was made at a thematic boardroom…

African Development Bank Group (AfDB)

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    • The African Development Bank (AfDB) and the Government of Libya are pleased to announce the signing of a new grant agreement aimed at strengthening public financial management (PFM) systems in Libya
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Source: African Development Bank Group (AfDB) |

African Development Bank and the Government of Libya Sign Agreement to Strengthen Public Financial Management through support of Fund for African Private Sector Assistance (FAPA) 

By enhancing public expenditure management, the project aims to deliver critical public services and infrastructure while creating a more favorable business environment that encourages private sector growth

The African Development Bank (AfDB) (www.AfDB.org) and the Government of Libya are pleased to announce the signing of a new grant agreement aimed at strengthening public financial management (PFM) systems in Libya. The agreement, signed on Monday, 18 November 2024, underscores the continued commitment of both institutions to fostering economic…

African Development Bank Group (AfDB)

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    • African Development Bank President Akinwumi Adesina (left) presents a commemorative publication on the Policy and Human Resource Development Grant to Japan's Vice Minister of Finance for International Affairs, Atsushi Mimura
    • Mary Yeboah
    • Glory and Angelinah
    • Meeting with JIBC
    • PRST at Keizai group
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Source: African Development Bank Group (AfDB) |

Japan: African Development Bank Celebrates Three Decades of Japan-Backed Trust Fund

Over the past three decades, Japan has contributed JPY 5.3 billion ($ 37.4 million) to the PHRDG, supporting 107 projects, with 96 completed and 11 ongoing as of September 2024

The African Development Bank Group (www.AfDB.org) has celebrated the 30th anniversary of  the Policy and Human Resource Development Grant (PHRDG), a bilateral trust fund created by Japan  in 1994.The initiative has contributed significantly to the development of Africa's human capital, supporting over 100 transformational projects across various sectors. Presenting a…

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    • African Development Bank Group and JICA sign landmark 51.67 billion Japanese yen (US$421 million) concessional donor loan to boost the African Development Fund. Japan, October 2024
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Source: African Development Bank Group (AfDB) |

Japan boosts African Development Fund with Japanese yen (JPY) 51.67 billion concessional loan

Additional resources to drive much-needed development in Africa's least-developed and fragile countries

The African Development Bank Group (www.AfDB.org) and the Japan International Cooperation Agency (JICA) have signed a landmark 51.67 billion Japanese yen (US$421 million) concessional donor loan (CDL) agreement towards the African Development Fund.   The loan, pledged by the Japanese government at the 16th general replenishment of the resources of the…

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    • Japan’s Deputy Vice Minister of Finance for International Affairs, Mr. Daiho Fujii (left) with Ms. Ayisha Fuseini, owner of Asheba Enterprise and one of the beneficiaries of FAPA funded project, the Ghana SME Business Linkage
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Source: African Development Bank Group (AfDB) |

Joint African Development Bank- Government of Japan Visit to Fund for African Private Sector Assistance (FAPA)-Funded Projects in Ghana

Propelling Sustainable Private Sector Development through collaboration

The African Development Bank (www.AfDB.org) and the Government of Japan recently concluded a joint visit to two projects funded by the Fund for African Private Sector Assistance (https://apo-opa.co/4dOF0oP) (FAPA) in Ghana to assess their impact on stimulating the growth of small businesses and boosting private sector development. The Japanese delegation…

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    • Senior leaders from the African Development Bank and the Japan International Cooperation Agency met in Tokyo to align on key priorities
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Source: African Development Bank Group (AfDB) |

African Development Bank and Japan International Cooperation Agency (JICA) Align Priorities Ahead of 9th Tokyo International Conference on African Development (TICAD9) Summit

JICA expressed interest in cooperation opportunities, particularly in Nigeria and Ethiopia

The African Development Bank Group (www.AfDB.org) and the Japan International Cooperation Agency (JICA) have underscored the critical need for blended and innovative finance mechanisms to back Africa’s efforts to tackle climate change. In a meeting held in Tokyo on 20 June 2024, both sides agreed that providing more productive concessional…

African Development Bank Group (AfDB)

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    • From right, AfDB's VP Quaynor discussing African startups with Kazumasa Kimura, Vice chairperson of Keizai Doyukai's Japan-Middle-East/Africa Relations Committee, Ken Shibusawa, Vice-Chairperson, Africa Project Team, Keizai Doyukai, Allm CEO Teppei Sakano and Satoshi Shimoda, Senior Staff Writer, Nikkei Inc. at the JABF
    • Africa offers some of the highest returns globally, VP Urama told the Forum audience
    • VP Kariuki (at right) said Japan has a competitive advantage in geothermal technology
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Source: African Development Bank Group (AfDB) |

Africa Offers Attractive Investment Opportunities for Japanese Firms, Say African Development Bank Leaders

Bank leaders underscored the institution's commitment to making investing in Africa more attractive

Africa presents a compelling investment destination for Japanese firms, with high growth potential and the African Development Bank's strong support to manage risks, African Development Bank Group (www.AfDB.org) leaders stressed at the Japan-Africa Business Forum in Tokyo. "Africa has huge private sector opportunities. The continent offers some of the highest…

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    • High-Level African Development Bank (AfDB) delegation heads to Japan to champion African investment and collaboration in run-up to the 9th Tokyo International Conference on African Development (TICAD9)
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Source: African Development Bank Group (AfDB) |

High-Level African Development Bank (AfDB) delegation heads to Japan to champion African investment and collaboration in run-up to the 9th Tokyo International Conference on African Development (TICAD9)

The delegation's visit is expected to strengthen the partnership between the African Development Bank, the Japanese government, and Japan's private sector, paving the way for increased investment and collaboration in Africa's most promising sectors

An African Development Bank (www.AfDB.org) delegation led by three vice presidents will visit Japan from 17-21 June to promote investment opportunities in key African sectors and strengthen partnerships with the Japanese government and corporations. Vice presidents Kevin Kariuki, Solomon Quaynor, and Kevin Urama will be joined by the Bank's Executive…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

#IWD2024: Impactful investment: African Development Bank support shapes scholarship graduate career in drone-enabled public health

The program aligns with the goal of the Bank’s Skills for Employability and Productivity in Africa, which is to increase innovation connected to industrialization and development needs

The African Development Bank’s (www.AfDB.org) Japan Africa Dream Scholarship program invests in promising African students from Bank member countries at partner universities in Africa and Japan, financing their tuition, travel, and upkeep for post-graduate studies. The program aligns with the goal of the Bank’s Skills for Employability and Productivity in Africa,…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Conference of Parties (COP28): Global and African partners pledge $175m to the Alliance for Green Infrastructure in Africa (AGIA)

The landmark initial pledge will help to rapidly scale up financing for transformative climate-aligned infrastructure projects across the continent

In a powerful signal of support during COP28, African and global institutions together with governments of Germany, France and Japan and philanthropies have pledged over $175 million to the Alliance for Green Infrastructure in Africa (AGIA). The landmark initial pledge will help to rapidly scale up financing for transformative climate-aligned infrastructure…