AfDB and Japan Announce US $3 Billion Private Sector Development Initiative to Boost Growth and Reduce Poverty in Africa
The AfDB and the Government of Japan have set a joint target to provide US $3 billion for private sector development in Africa during the next three years, substantially increasing the resources devoted to boosting economic growth and fighting poverty in the region. The resources will be provided under the third phase of the Enhanced Private Sector Assistance for Africa (EPSA) initiative. The announcement was made Friday during the Sixth Tokyo International Conference on African Development (TICAD VI) in Nairobi.
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