Africa Investment Forum 2019: African Development Bank delegation presents opportunities at Japan roadshow

Abidjan, Côte d’Ivoire, 11 July, 2019 -  Japanese companies and investors were presented with a range of investment opportunities in Africa as the African Investment Forum continued a roadshow to showcase the  Forum as an innovative investment marketplace for attracting capital for projects on the continent. African Development Bank officials met with business community leaders and government officials in Tokyo, Japan, from 3-5 July to familiarize them about the upcoming edition of the Forum, scheduled for 11-13 November 2019, in Johannesburg, South Africa. The Tokyo events...

African Development Bank calls for boost to private sector investments as well as fiscal and debt sustainability at T20 Summit in Tokyo

Sound policies to improve investor interest and address fiscal sustainability concerns in Africa were key points made by Director General of the Bank’s Southern African Bureau, Kapil Kapoor during the Think20 (T20) conference held in Tokyo Japan on 26-27 May.  The T20 Summit convened top policy experts to detail innovative T20 Japan policy solutions for consideration during the G20 Leaders’ summit in Osaka on 28-29 June. As Lead Co-Chair of the Cooperation with Africa Task Force, Kapoor presented policy briefs covering fiscal and debt sustainability and the G2O Compact with Africa...

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...

Japan and Austria to support private sector climate change investments on the continent

The governments of Japan and Austria have approved a $1 million fund to strengthen the participation of the private sector in combating climate change. The funding will be channeled to the Africa Private Sector Assistance (FAPA) grant, which aims to expand the role of the private sector in the Nationally Determined Contributions (NDCs) of African countries. NDCs are national efforts to reduce Greenhouse Gas emissions and form part of the Paris Agreement on climate change. The project will be implemented by the Climate Change and Green Growth Department of the African Development Bank....

Japan: Pre-TICAD7 Seminar - Financing for Project Implementation and Infrastructure and Energy Investment Opportunities in Africa

The African Development Bank and the Japan International Cooperation Agency (JICA) will organize a Pre-TICAD 7 Seminar on Thursday 14 February 2019 in Tokyo, on the theme: Financing for Project Implementation, Infrastructure, and Energy Investment Opportunities in Africa. While African economies have continued to maintain growth with gross domestic product reaching an estimated 3.5% and expected to rise to 4% in 2019, the demands of rising population, rapid urbanization, and consumer demands are affecting this growth. The continent requires between US$130 to US$170 billion a year for...

The African Development Bank and Sophia University in Japan sign MOU to build capacity

The African Development Bank and Sophia University in Japan, have signed a Memorandum of Understanding to promote capacity development within the two institutions for their mutual benefit and the entire African continent. The agreement was signed Friday at the Bank’s Abidjan headquarters. “It is our sincere wish that this day will be an opening of bright future possibilities for all of us. We strongly hope our coming together today is not for a mere signing of an agreement, but a step towards shaping the future world,” said Professor Terumichi Yoshiaki President...

Contract Awards - Japan - Partnership Specialist for TICAD and related activities


EOI – Japan - Conducting Market Survey of Tokyo Real Estate Market and Identifying Potential Office Premises for SNAR

The African Development Bank hereby invites Real Estate Agent or Consultant to indicate their interest in the following Assignment: Conducting Market Survey of Tokyo Real Estate Market and Identifying Potential Office Premises for SNAR

Japan: African Development Bank promotes human capital and industrial development in Africa

Researchers and representatives of international agencies and embassies convened for a knowledge sharing event focusing on promoting industrialization and developing human capital in Africa. The African Development Bank organized the event on 26 September 2018 at the United Nations University in Tokyo. In Asia, which has pursued a robust industrialization path, many countries have experiences to share with African countries, particularly regarding the quality of labor, Keijiro Otsuka, Professor at Kobe University, said during his keynote speech. Otsuka recommended “Kaizen” - a...

Remarks by Dr. Akinwumi A. Adesina, President of the African Development Bank at the lunch meeting with the African Diplomatic Community in Tokyo, Japan - September 6, 2018

Your Excellencies, I thank you for your gracious acceptance of our invitation to this lunch meeting. It’s great to see you all, once again, and I’m delighted that we continue to maintain the fine tradition of meeting on each occasion that I have the opportunity to visit Japan.   Since my last visit six months ago, a lot is happening in Africa and in our relations with Japan, your host country and one of our major shareholders at the Bank.   As you will recall, during my last visit in March 2018, I introduced the Bank’s flagship report, the African Economic Outlook (AEO) 2018,...

Sharing the Development Experiences of Africa and Asia for Sustainable and Inclusive Growth

The Asia External Representation of the African Development Bank(link is external) organized an Africa Day Joint Side Event with the  Asian Development Bank Institute, “Sharing the Development Experiences of Africa and Asia for Sustainable and Inclusive Growth”, during the Bank’s 53rd Annual Meetings and the African Development Fund’s 44th Meetings in Busan, Korea. After Tadashi Yokoyama, Head of the Bank’s Asia External Representation opened the seminar, Byong Yol Woo, Director General for International Economic Affairs at the Korean Ministry of Strategy and Finance, and Takashi...

Hallyu, the Korean pop culture model that could inspire Africa

“Culture meets industry – the case of Korea, Hallyu,” a session at the 2018 Annual Meetings of the African Development Bank organized by the host country, Korea, in Busan, took place on Thursday May 24. Hallyu, or Korean culture (music, TV series, cinema, games) has been spreading swiftly since the early 1990s. Could it be a model that inspires Africa? Gin Ho-yon, Korean Tourist Office Director spoke proudly of Hallyu’s international presence. “Thanks to this model, we are present in 87 countries worldwide, especially in Africa.”   Pop culture and tourism Korean TV...

African Development Bank, partners fund construction of 208-kilometre regional road project in Rwanda

The African Development Bank, the European Union (EU) Delegation in Rwanda, Embassy of Japan in Rwanda and Japan International Cooperation Agency (JICA) joined the Government of Rwanda to launch the rehabilitation and widening of the Kagitumba-Kayonza-Rusumo road works in the Eastern province of Rwanda. The Bank’s US $93.1 million contribution represents 51% of the total cost for the project, which will directly serve 1.1 million and facilitate travel and trade between Rwanda, Uganda and the Eastern African region. Speaking at launch of the road construction work, Martha Phiri, Country...

The African Development Bank Group Appoints Ms. Atsuko Toda as Director for Agricultural Finance and Rural Development

The African Development Bank Group is pleased to announce the appointment of Ms. Atsuko Toda as Director for Agricultural Finance and Rural Development with effect from 1st December 2016. Ms. Atsuko Toda, Japanese, is an experienced manager and expert in the field of rural and agricultural finance, with extensive experience in rural development. She joins the Bank from the International Fund for Agricultural Development (IFAD), where she worked for close to twenty years on rural development and financing in Asia and Africa. She was the Country Director for...

ADEA and JICA support quality science and mathematics education in Africa

“Probing and thinking critically is what will make Africa a continent of the 21st century... inculcating skills at an early age is the key, says  Shem Bodo, Senior Programs Officer with the Association for the Development of Education in Africa (ADEA). Bodo made the statement on the 30th of September 2016 in Nairobi (Kenya) at the closing ceremony of a two-week Third Country Training Programme (TCTP) on “Use of inquiry-based learning and peer lesson evaluation to improve quality of teaching and learning of mathematics and science.”  More than 40 primary teacher...

Japan Bank for International Cooperation (JBIC) Delegation visits AfDB

A delegation from the Japan Bank for International Cooperation (JBIC) visited the Bank on Monday, 10 October 2016 in Abidjan, for consultations primarily with the Private Sector and Financial Sector Departments. The delegation was led by Moriyuki Aida, Executive Officer for Europe, the Middle East and Africa (based in London), accompanied by JBIC’s Chief Representative in Paris, Fumio Suzuki. JBIC’s primary function is that of Japan’s export credit agency (ECA). However, compared with other OECD-member ECAs, JBIC offers an unusual diversity of financial products covering a wide range of...

New and adapted financing sources will bolster Africa’s growing transport demand

“Innovative financing to meet Africa’s growing infrastructure demand” was the topic discussed during a plenary session on Day 2 of the African Development Bank (AfDB) Transport Forum, on Friday, November 27 in Abidjan. Panelists shared experience on AfDB Group financial products as well as innovative ways of structuring transactions to finance the continent’s development needs. The four panelists concurred that adapting new financing sources will efficiently help bridge Africa’s infrastructure gap. Opuiyo Oforikuma of ARM-Harith Infrastructure Investment Limited, Nigeria, covered...

AfDB President Urges Japanese Businesses to Invest in Africa

The President of the African Development Bank Group (AfDB) Donald Kaberuka, has urged Japanese businesses to take advantage of the comparative cost of labour to invest in mutually beneficial production in Africa. Speaking at the end of a two-day farewell visit to Tokyo, Kaberuka said both sides would benefit if Japanese authorities could assist their firms to set up businesses in Africa while urging African governments to enable such companies establish viable businesses especially in the energy sector. He commended the decision to organize the sixth Tokyo International Conference on...

President Kaberuka lauds creation of the Asian Infrastructure Investment Bank

President of the African Development Bank Group (AfDB), Donald Kaberuka, has welcomed the creation of the Asian Infrastructure Investment Bank (AIIB), noting that it would be an important partner in closing infrastructure gaps in Asia and Africa. Speaking during a farewell visit in Beijing, Kaberuka said the new instrument is a welcome complement to the work of other multilateral development finance institutions. “Once the new bank has put in place its new business plans, we will be in a better position to determine specific areas of cooperation, he said.” Kaberuka met with Mr. Jin...

The AfDB and Japan sign $300-million loan agreement to support the private sector in Africa

Abidjan, September 15, 2014 – On September 12, 2014, The African Development Bank (AfDB) and Japan signed a concessional loan for US $300 million to support the private sector in Africa. The AfDB was represented by its President, Donald Kaberuka, and Japan by its Ambassador in Côte d’Ivoire, Susumo Inove. This agreement formed part of the Enhanced Private Sector Assistant (EPSA) initiative. EPSA is an innovative multi-donor, multi-component initiative for resource mobilisation and development partnership to support the Bank's private sector development strategy. It was designed in...