The African Development Bank Group and JETRO to sign an MOU for increased collaboration in infrastructure and private sector development
The African Development Bank Group (comprised of the African Development Bank and the African Development Fund; AfDB/ADF) and the Japan External Trade Organization (JETRO) will sign a Memorandum of Understanding (MOU) on August 26, 2016 at the Sixth Tokyo International Conference on African Development (TICAD VI) in Nairobi, Kenya.
The objective of the MOU is to establish a general framework to promote collaboration between them in matters of common interest such as infrastructure development in the African continent and participation of Japanese companies in the projects. The cooperation is intended to contribute to assisting African countries in their development efforts in particular by promoting trade and investment between Japan and Africa. At the signing ceremony, the AfDB/ADF will be represented by Dr. Akinwumi Adesina, President of the African Development Bank Group, and JETRO will be represented by Mr. Hiroyuki Ishige, Chairman and CEO.
Areas of Cooperation
1. AfDB/ADF and JETRO intend to collaborate with each other in developing and implementing programmes and projects. Priority areas of such cooperation will include:
- a) Power and energy;
- b) Industrialization; and
- c) Private sector development including quality infrastructure.
2. AfDB/ADF and JETRO will further strengthen cooperation through knowledge partnership including research, staff exchange and knowledge sharing in the areas of common interest. Such partnership will include:
- a) Region-wide partnership with Regional Economic Communities; and
- b) Collaboration to foster systematic knowledge transfer between Japanese and African companies that creates significant value addition to African agricultural exports to Japan and the world.
3. AfDB/ADF and JETRO will exchange relevant information and data on matters of common interest and collaborate in the collection, analysis and dissemination of such information and data.
About the African Development Bank
The African Development Bank (AfDB) began effective operations on July 1, 1966. Its major role is to contribute to the economic and social progress of its regional member countries. The AfDB’s authorized capital is subscribed to by 80 member countries made up of 54 independent African countries and 26 non-African countries. www.afdb.org
About the African Development Fund
The African Development Fund (ADF) is the concessional window of the AfDB Group. Established in 1972, it became operational in 1974. The ADF contributes to poverty reduction and economic and social development in the least developed African countries by providing concessional funding for projects and programmes, as well as technical assistance for studies and capacity-building activities. www.afdb.org
Established in 1958 to promote Japanese exports abroad, JETRO’s core focus in the 21st century has shifted toward promoting foreign direct investment into Japan and helping small to medium-size Japanese firms maximize their global export potential. JETRO has 74 overseas offices worldwide, with 7 offices in Africa. www.jetro.go.jp
African Development Bank, External Representation Office for Asia
NBF Hibiya Bldg. 7F, 1-1-7 Uchisaiwaicho, Chiyoda-ku, Tokyo 100-0011, JAPAN
Phone: 03-4589-8721 Fax: 03-4589-8725 E-mail: Tokyo.email@example.com
JAPAN EXTERNAL TRADE ORGANIZATION (JETRO), Public Relations Division
Ark Mori Bldg. 6F, 1-12-32 Akasaka, Minato-ku, Tokyo 107-6006, JAPAN
Phone: 03-3582-5561 Fax: 03-3505-5747