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African Development Bank Group (AfDB)

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    • Students from Sophia University in Tokyo, visiting the Bank. They are here with the Bank's administrator for Japan, Brazil, Argentina, Austria and Saudi Arabia, Takaaki Nomoto (front middle).
    • The students had a rich interview with the administrator at the Bank for Japan, Takaaki Nomoto (at the end of the table on the right).
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Source: African Development Bank Group (AfDB) |

After “Learn from Africa” visit, Japan Sophia University students call for stronger partnerships between Africa and Japan

The visit enabled the students to experience the continent first-hand

A cohort of 14 students from Tokyo’s Sophia University (https://apo-opa.info/45PdEMe) have ended a visit to the African Development Bank (www.AfDB.org) energised by the cross-cultural engagement and calling for deeper ties between Japan and Africa. Their visit to the group headquarters, on Thursday 7 September 2023, was facilitated through the “Learn…

African Development Bank Group (AfDB)

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    • “Good time for Asia businesses to invest in Africa ”, experts say, as African Development Bank presents the 2023 edition of its flagship African Economic Outlook report to Asian markets
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Source: African Development Bank Group (AfDB) |

African Economic Outlook 2023: Opportunities abound for Asian investors in Africa, experts

The African Development Bank organized the session jointly with the Korea Institute for International Economic Policy (KIEP) in Sejong-Si, Korea

Africa offers vast investment opportunities for Asian countries with the appropriate incentives for their private sectors, Prof. Kevin Urama, Chief Economist and vice president of the African Development Bank Group (https://www.AfDB.org/fr), has affirmed. Urama made the call during a webinar to discuss the 2023 edition of the African Economic Outlook…

African Development Bank Group (AfDB)

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    • JICA President, Dr. Tanaka Akihiko, Mr. Kentaro Ogata, Deputy Vice Minister of Finance for International Affairs, Dr. Akinwumi Adesina, President African Development Bank. Tokyo, Japan, 25 April, 2023
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Source: African Development Bank Group (AfDB) |

African Development Bank Group, Japan International Cooperation Agency (JICA) sign $350 million loan agreement to support Africa’s private sector

The loan comes under the Enhanced Private Sector Assistance (EPSA) initiative, which is a component of Japan’s Official Development Assistance to Africa

The African Development Bank (www.AfDB.org) 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…

African Development Bank Group (AfDB)

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    • Your investment is safe in Africa, African Development Bank president tells Japanese businesses
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Source: African Development Bank Group (AfDB) |

Investing in Africa is profitable, African Development Bank President tells Japanese investors

While the number of Japanese companies in Africa increased from 520 in 2010 to 900 in 2020, Adesina called for more venture capital and private equity funds to tap into the continent’s huge potentials

The president of the African Development Bank Group (www.AfDB.org), Dr. Akinwumi Adesina, has called for a significant increase in Japanese investment in Africa, saying the continent is the world’s best investment destination now and in the future. Dr. Adesina is leading a Bank delegation on a five-day visit to Japan…

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

African Development Bank issues AUD 50 million 15-year Kangaroo Green Bond due March 2038

The transaction is the Bank’s 2nd green bond issued in 2023 across all currencies

The African Development Bank (http://www.AfDB.org), rated Aaa/AAA/AAA/AAA (Moody’s/S&P/Fitch/Japan Credit Rating, all stable) has successfully launched an AUD 50 million 15-year Kangaroo Green Bond due March 2038. The new issuance was arranged by RBC Capital Markets and sold to a single Japanese investor, Taiju Life Insurance Company. This is the African…

African Development Bank Group (AfDB)

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    • AfDB Senior Vice President, Bajabulile Swazi Tshabalala pose with Japanese Ambassador to CI Katsuya Ikkatai and diplomats of the Japanese embassy and African Development Bank staff; Abidjan, Friday 17 February 2023
    • L-R - Japan's Ambassador to Côte d'Ivoire Katsuya Ikkatai and AfDB Senior Vice President, Bajabulile Swazi Tshabalala, following signing of exchange of notes for private sector loan; Abidjan, Friday 17 February 2023
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Source: African Development Bank Group (AfDB) |

African Development Bank Group and Japan sign exchange of notes for $350 million private sector assistance loan to finance Bank’s private sector operations

The loan agreement, to the tune of JPY 44.1 million or $350 million, carries an interest rate of 0.11 % and a repayment period of 30 years, with a grace period of 10 years

The African Development Bank (www.AfDB.org) and Japan have signed an exchange of notes for an eighth private sector assistance loan from Japan to finance the Bank’s private sector operations. The loan agreement, to the tune of JPY 44.1 million or $350 million, carries an interest rate of 0.11% and a…

African Development Bank Group (AfDB)

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    • Ken Shibusawa, KEIZAI DOYUKAI; Solomon Quaynor, African Development Bank vice president for Private Sector, Infrastructure and Industrialization
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Source: African Development Bank Group (AfDB) |

KEIZAI DOYUKAI, African Development Bank Group sign letter of intent to strengthen cooperation and business ties between Japan and Africa

The DOYUKAI, a private, nonprofit, nonpartisan organization of Japanese business leaders, is envisaging the creation of an “Impact Fund” to build an impact investment ecosystem in Africa

KEIZAI DOYUKAI, or the Japan Association of Corporate Executives today signed a statement of intent with the African Development Bank Group to foster closer collaboration and to strengthen business ties between Japan and Africa. The signing took place on the sidelines of the Africa Investment Forum Market Days 2022, taking place…

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

Eighth Tokyo International Conference on African Development (TICAD8): African Development Bank to complement Japan Africa Dream Scholarship with African Science, Technology and Innovation Fund – Dr. Adesina

The Japan Africa Dream Scholarship program awards two-year scholarships to high-achieving African students to pursue post-graduate studies in priority development areas across Africa and in Japan

African Development Bank head Dr. Akinwumi A. Adesina, has commended the Japan Policy and Human Resources Development Grant, established by the Bank and the government of Japan, for its support to the Japan Africa Dream Scholarship program. The Japan Africa Dream Scholarship program awards two-year scholarships to high-achieving African students…

African Development Bank Group (AfDB)

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    • Akinwumi Adesina, African Development Bank President, TICAD8, Tunis 28 August 2022
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Source: African Development Bank Group (AfDB) |

Africa’s renewable energy resources offer huge investment opportunities for Japanese business – Dr Akinwumi Adesina

Adesina commended the Japanese government and private sector for their strong support to Africa’s development

Japanese businesses should invest more in Africa, where investment opportunities and returns on investment are among the highest in the world, African Development Bank (www.AfDB.org) President Dr. Akinwumi Adesina urged participants at the 8th Tokyo International Conference on African Development (TICAD8). Adesina commended the Japanese government and private sector for their…

African Development Bank Group (AfDB)

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    • From left to right: Japan’s Vice-Minister of Finance for International Affairs, Masato Kanda; African Development Bank President, Akinwumi Adesina; Japan International Cooperation Agency President, Akihiko Tanaka
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Source: African Development Bank Group (AfDB) |

Japan and the African Development Bank announce up to $5 billion in support for Africa’s private sector

The announcement was made at the Eighth Tokyo International Conference on African Development (TICAD8) held Sunday 28 August 2022 in the Tunisian capital, Tunis

The government of Japan and the African Development Bank (www.AfDB.org) have announced a $5 billion financial cooperation under the fifth phase of the Enhanced Private Sector Assistance for Africa initiative (EPSA) from 2023 to 2025. The announcement was made at the Eighth Tokyo International Conference on African Development (TICAD8) held…