Key Developments
AfDB secures $350 million from JICA to support Africa’s private sector
The African Development Bank Group (AfDB) has secured a $350 million loan from the Japan International Cooperation Agency (JICA) to enhance its support for private sector operations in Africa.
The facility will provide the necessary financial resources to support the growth and development of private sector operations in Africa, which will, in turn, create more jobs, increase productivity, and foster inclusive economic growth. The loan will support various private sector operations, including infrastructure development, agribusiness, energy, and manufacturing. It will also provide financing for small and medium-sized enterprises (SMEs) in Africa, which is critical to job creation and economic growth.
Related Articles
Register Now
Empower Africa Times Newsletter
Share :
You may also like...
IZI Rwanda Delivers Electric Buses in First-of-its-Kind E-Mobility Project
IZI Rwanda, a frontrunner in electric vehicle solutions, has delivered five electric buses to Kigali, Rwanda’s capital city.
Mastercard and Illicocash Partner to Unlock E-Commerce in DRC with Virtual Card Program
A game-changing partnership between Mastercard and Illicocash, the fintech arm of Rawbank, is opening doors to e-commerce for millions in the Democratic Republic of Congo (DRC).
London-based Fintech Verto Partners with UBA to Enhance Cross-Border Transactions in Kenya
Verto, a leading London-based fintech and payment solution provider, has announced a strategic partnership with the United Bank of Africa (UBA) to streamline cross-border transactions for Kenyan entrepreneurs, small-scale businesses, and corporations.
