Enhanced Private Sector Assistance for Africa: EPSA Initiative

12-Jun-2019

African Development Bank, African Union-NEPAD, partners launch African Agri-Business Engine for private sector agricultural finance with FAPA grant

The African Development Bank and the Fund for African Private Sector Assistance (FAPA), a multi-donor trust fund financed by the Governments of Japan and Austria, today launched the African Agri-Business Engine (AABE) in Malabo.  FAPA provides grants for technical assistance activities in Africa, and is one of the components of the Enhanced Private Sector Assistance (EPSA) initiative hosted at the African Development Bank. The African Agri-Business Engine will identify investment and finance opportunities in agriculture and agribusiness, and focus its activities in Mozambique, Zambia...
21-Sep-2018

Liberia: African Development Bank Approves $1mn to boost Private Sector in Wood Industry

The African Development Bank’s Fund for African Private Sector Assistance (FAPA), has approved  a grant of US $1 million to Liberia, to provide  technical assistance to its fast-growing wood processing industry. The grant will strengthen the capacity of public and private sector players in the nation’s secondary wood processing industry and provide institutional support to small and medium-sized enterprises (SMEs). Liberia has close to one million hectares of forest available for sustainable harvesting, and its forestry sector currently offers immense opportunities for...
02-Jul-2018

SMEs promotion gains traction through FAPA funding

Leveling the playing field for Small and Medium-sized Enterprises (SMEs) in Africa is one of FAPA’s (Fund for African Private Sector Assistance) priority goals. To achieve this objective, FAPA donors have approved four projects worth US $3.9 million, bringing the total number of FAPA approved projects to seven and the cumulative grant amount to US $6.4 million since the beginning of this year. “SMEs are the heartbeat of African economies. FAPA’s solid track record in SMEs promotion through technical assistance demonstrates that positive development outcomes can be delivered by supporting...
06-Apr-2018

Fund for African Private Sector Assistance approves three projects to spur SME development in Africa

Donors to the Fund for African Private Sector Assistance (FAPA) – consisting of the African Development Bank, the Government of Japan and the Government of Austria – have approved three catalytic projects totaling US $2,480,000 to stimulate the growth of Africa’s small and medium enterprises. These grants will help strengthen the participation of Africa’s SMEs in financial markets and the agriculture sector. “These three projects are well aligned with FAPA’s core mandate of supporting private-sector development in Africa, a key strategic priority of the African Development...
13-Feb-2018

Japan provides US $700 million to African Development Fund

The Japan International Cooperation Agency (JICA) has signed a loan agreement with the African Development Fund (ADF) designed to provide an Official Development Assistance (ODA) loan to the tune of 73.601 billion Japanese Yen (approx. US $700.9 million). The loan is part of Japan’s contribution to the African Development Fund’s Fourteenth Replenishment (ADF-14). This is the first JICA loan provided to the ADF. The loan will provide the African Development Fund with resources to support recipient countries during the ADF-14 period (January 1, 2017 to December 31, 2019), and contribute to...
04-Aug-2017

AfDB and African Ambassadors host 2nd Japan-Africa Business Forum in Tokyo

The 2nd Japan-Africa Business Forum was held in Tokyo on 25-26 July 2017 on the theme ‘Investment and Business Opportunities with Africa’. The Forum was organized by the Bank’s Asia External Representation Office and African Diplomatic Corps (ADC) in Tokyo, in collaboration with Japan International Cooperation Agency (JICA), Japan External Trade Organization (JETRO) and United Nations Industrial Development Organization (UNIDO). The Forum brought together AfDB Senior Staff, African Ministers, Japanese Government Officials, and Private sector from both Japan and Africa to discuss economic...
15-Jun-2017

AfDB, Japan International Cooperation Agency sign US $300-million loan for Enhanced Private Sector Assistance

The Japan International Cooperation Agency (JICA) has signed a JPY 34.41 billion (about US$ 300 million) loan agreement with the African Development Bank under the Enhanced Private Sector Assistance (EPSA) initiative which is a component of Japan’s Official Development Assistance (ODA) to Africa. The “Seventh Private Sector Assistance Loan” carries an interest rate of 0.35%, to be repaid in 40 years after a 10-year grace period. The loan is intended to promote economic growth and reduce poverty in Africa by supporting the private sector through the AfDB’s non-...
18-May-2017

EPSA: 7th loan from AfDB and Japan to support the private sector in Africa

The African Development Bank (AfDB) and the Government of Japan (GOJ) have  signed an agreement for a US $ 300 million facility under the joint initiative titled Enhanced Private Sector Assistance (EPSA) for Africa. The loan, worth JPY 34.41 billion (equivalent to approximately USD 300 million) is intended to support private sector operations in Africa through the AfDB’s non-sovereign window. The agreement, which was signed at the AfDB headquarters in Abidjan, Côte d’Ivoire, was in the presence of AfDB Senior Vice President Charles Boamah, AfDB Acting Finance Vice-President...
28-Aug-2016

Japan pledges investment in quality infrastructure in Africa

Investing in infrastructure and human resource development are crucial for Africa to realise Agenda 2063, a high-level panel during the Sixth Tokyo International Conference on African Development (TICAD VI) heard Saturday in Nairobi. The panel, under the theme "Africa, towards 2063 and beyond", sought to sought to discuss challenges, opportunities and strategies for development as Africa moves towards 2063, and what Asia and Africa can learn from each other. Agenda 2063 is an African Union-driven action plan that calls for collaboration to achieve accelerated development across the...
27-Aug-2016

Bank Group participates in TICAD VI

An African Development Bank (AfDB) Group delegation led by the Bank President, Akinwumi Adesina, will attend the Sixth Tokyo International Conference on African Development (TICAD VI) in Nairobi from August 27-28, 2016. This will be the first time TICAD is being held in Africa since its inception in 1993, demonstrating the strong African ownership and deepening partnership among TICAD stakeholders. Co-organised by the Government of Japan, the United Nations Office of the Special Advisor on Africa (UN-OSAA), the United Nations Development Programme (UNDP), African Union Commission...
26-Aug-2016

AfDB and Japan Announce US$3 Billion Private Sector Development Initiative to Boost Growth and Reduce Poverty in Africa

The African Development Bank (AfDB) and the Government of Japan announced today they 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. Japan will target to provide US$ 1.5 billion over 3 years through the Japan International Cooperation Agency (JICA). The AfDB expects to finance...
26-Aug-2016

Présence remarquée de la Banque africaine de développement à Nairobi à l’occasion de la TICAD VI

Le Groupe de la Banque africaine de développement (BAD) a marqué sa présence à la sixième Conférence internationale de Tokyo sur le développement de l’Afrique (TICAD VI) qui se tient les 27 et 28 août 2016 à Nairobi, au Kenya, grâce à une série d’activités organisées dans le cadre de partenariats, avec la Banque mondiale notamment, dans la journée du 26 août. L’objectif de la conférence étant de mobiliser et dynamiser l’aide internationale en faveur du développement de l’Afrique, en s’assurant de la prise en main, par les Africains de leur processus de développement, les intervenants, de...
09-Sep-2015

AfDB SME Program: Enhancing inclusive growth and job creation in Rwanda

The African Development Bank Group (AfDB) and Access Bank Rwanda Ltd. signed a loan agreement for the equivalent of US $6 million under the Africa SME Program on September 3, 2015 to support small and medium enterprises (SMEs) in Rwanda. Access Bank Rwanda is a member of the Access Bank Group, which has its headquarters in Lagos. The AfDB has had a long-standing relationship with Access Bank. The Rwanda subsidiary was established in 2008 when Access Bank PLC took a 75% ownership in Bancor SA. Expanding its loan portfolio in recent years, Access Bank Rwanda offers a variety of SME products...
17-Dec-2013

Japan Supports AfDB in entrepreneurship, job creation and economic growth with a loan of US$ 100 million

The African Development Bank (AfDB) and the government of Japan signed on 16 December, 2013 a bilateral Exchange of Notes for a loan to the AfDB of 9.48 billion Japanese yen (about US$ 100 million). This is the fourth loan to the AfDB under the Enhanced Private Sector Assistance (EPSA) for Africa Initiative (and the first under the second phase announced at Arusha), which supports entrepreneurship, job creation and economic growth in Africa. The Exchange of Notes was signed by AfDB President, Donald Kaberuka and Ambassador of Japan to Tunisia, Juichi Takahara. Following the signature of...
16-Dec-2013

Signing the Fourth Loan Under EPSA - Remarks by the AfDB President Donald Kaberuka

Event: Signing The Fourth Loan Under EPSA I want to welcome you all and to express my pleasure on this occasion – the signing of the second Private Sector Assistance Loan under EPSA. This agreement, which we have gathered here to sign today in support of the private sector in Africa, is not only in line with pledge made by Japan at the G8 Gleneagles Summit in 2005. It is also a concrete realization of the outcome of the TICAD V in Yokohama. In June this year, the Japanese Government hosted the Fifth Tokyo International Conference on African Development, or TICAD V, in Yokohama, Japan,...
16-Dec-2013

Signing the Fourth Loan Under EPSA - Remarks by the AfDB President Donald Kaberuka

I want to welcome you all and to express my pleasure on this occasion – the signing of the second Private Sector Assistance Loan under EPSA. This agreement, which we have gathered here to sign today in support of the private sector in Africa, is not only in line with pledge made by Japan at the G8 Gleneagles Summit in 2005. It is also a concrete realization of the outcome of the TICAD V in Yokohama. In June this year, the Japanese Government hosted the Fifth Tokyo International Conference on African Development, or TICAD V, in Yokohama, Japan, under the motto “Hand in Hand with a more...
12-Jun-2013

Impact socio-économique de la route Enugu-Bamenda (Nigeria-Cameroun)

07-Jun-2012

Road project Dakar Bamako and Dakar Conakry

01-Jun-2012

Japan Pledges $1 Billion for African Private Sector Development through AfDB’s Initiative

Japan’s Senior Vice Minister of Finance, Yukihisa Fujita, announced today, at the African Development Bank’s (AfDB) Annual Meetings, the Japanese government’s intention to provide another USD one billion over the next five years for a second phase of the Enhanced Private Sector Assistance (EPSA) for Africa Initiative, as a follow-up to the G8 Camp David Summit which took place from 18-19 May 2012. Mr. Yukihisa made the announcement during a joint session with AfDB President, Donald Kaberuka, and President of the Japan International Cooperation Agency (JICA), Akihiko Tanaka. Speaking...
22-Nov-2010

AfDB Launches African Carbon Support Program

The African Development Bank (AfDB) has launched a two-year technical assistance program - the African Carbon Support Program, which is being implemented by its Energy, Environment and Climate Change Department. The program, launched on 4 November 2010, is geared toward assisting Bank clients in regional member countries to access carbon finance in order to ensure the commercial viability of their investments. Essentially, the program involves a screening process whereby the carbon finance potential of investment proposals received by the Bank is identified and assessed. At the same time,...