Africa: Japan Unveils $300m Facility for Africa's Private Sector

The Japanese Government and the African Development Bank (AfDB) have signed an agreement for an additional $300 million support under a running facility targeted at supporting Africa's private sector. AfDB said in a statement Japan had to date provided $1.5 billion in batches under the facility known as the Enhanced Private Sector Assistance (EPSA) for Africa, since the first batch of $100 million was unveiled in 2007.

Financial support is also being provided under two other windows, the Accelerated Co-financing Facility (ACFA) for public sector co-financing with Japan International Cooperation Agency, and the Fund for African Private Sector Assistance (FAPA), a multi-donor thematic trust fund.

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