Ticad7: Japan, AfDB announce $3.5 billion support of Africa’s private sector

Japan and African Development Bank on Friday announced $3.5 billion in support of Africa’s private sector development. Among the key priorities that were identified are electricity, transport, and health. Under the Enhanced Private Sector Assistance for Africa initiative (EPSA4), Japan and AfDB set a target of $1.75 billion each, from 2020-22, to enhance the fourth phase of EPSA, which targets to spur private-sector-led sustainable and inclusive growth in Africa. “Building on the successful achievements so far, Japan and the Bank have decided to upgrade EPSA in both quality and quantity…

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