Signing of Japanese ODA Loan Agreement with the African Development Bank: Contributing to private sector-led economic growth and poverty reduction in Africa
On April 25, the Japan International Cooperation Agency (JICA) signed a loan agreement with the African Development Bank (AfDB) to provide a Japanese ODA loan of up to 44,100 million yen for the Eighth Private Sector Assistance Loan under the Joint Initiative Titled the Enhanced Private Sector Assistance for Africa (EPSA).
The signing ceremony was held in the presence of Deputy Vice Minister for International Affairs Ogata Kentaro of the Ministry of Finance of Japan, and was carried out by AfDB President Akinwumi Adesina and JICA President Tanaka Akihiko. The two presidents confirmed that their organizations will further strengthen their cooperation in order to support Africa as it faces the challenge of navigating multiple compounded crises.
This is the eighth loan from JICA to the AfDB under the EPSA initiative, which was conceived in 2005 as a partnership between the AfDB and the Government of Japan. The AfDB will utilize the loan provided by JICA to finance private companies through the bank’s Non-Sovereign Operations (NSOs).
Through this loan, and through the NSOs of the AfDB, JICA aims to contribute to private sector-led economic growth and poverty reduction in Africa, as well as to the achievement of SDGs (Sustainable Development Goals) Goals 9 (Industry, innovation and infrastructure) and 17 (Partnerships for the goals).
Signing Ceremony (Photo Credit: AfDB by Moustafa Cheaiteli)
Details for the project are provided below.
|Annual interest rate (%)||Repayment
|Eighth Private Sector Assistance Loan under the joint initiative titled EPSA||44,100||0.11||-||40||10||General untied|
The African Development Bank Group
Address: Avenue Joseph Anoma 01 BP 1387, Abidjan 01, Côte d’Ivoire
Completion of project: December 2025 – upon loan completion