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Headline : Japan Loans African Development Bank US$ 421mn

Read more from the original article on here at kenyanwallstreet.com.






Tags : #japan #loans #african #development #bank #us #421mn



No. of Paragraph 9

The African Development Bank Group (AfDB) and the Japan International Cooperation Agency (JICA) have signed a landmark 51.67 billion Japanese Yen (US $421mn) concessional donor loan.

โ€œWe wouldnโ€™t have had a successful ADF-16 replenishment without Japanโ€™s continued support for concessional donor lending,โ€ African Development Bank Group President Dr Akinwumi Adesina said.

โ€œAfrican countries are facing multiple crises. Rising energy and food prices, supply chain disruptions, and worsening debt sustainability are having a serious impact on African countries,โ€ JICA Executive Senior Vice President Katsura Miyazaki.

โ€œWe commit to working together toward a successful ADF-17 replenishment discussion next year,โ€ Japanโ€™s Deputy Vice Minister Daiho Fujii of the Finance Ministry said.

Read more from the original article on here at kenyanwallstreet.com.


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