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African Development Bank Collaboration Reveals Overlaps Between Japan’s and China’s Goals

by Cobus van Staden
African Development Bank head Akinwumi "Akin" Adesina gave an "elated" thank you to Japan for its $5 billion pledge for private sector assistance in Africa. Image via @AfDB_Group

A key announcement at TICAD 8 was that Japan will provide $5 billion to the African Development Bank (AfDB) under the fifth phase of the Enhanced Private Sector Assistance for Africa initiative (EPSA) from 2023 to 2025.

EPSA is a Japan-led multi-donor platform to funnel investment to Africa that started in 2005. The new funding includes $1 billion in special funding aimed at debt stability. 

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