JICA and the African Development Fund, the concessional arm of the African Development Bank Group, signed a loan agreement of 73.6 billion Japanese yen ($668.1 million) to support the 15th replenishment of the African Development Fund (ADF-15).
The loan formed part of Japan’s commitment to promote industrial human resource development, innovation, and investment, and to invest in quality infrastructure to enhance connectivity, expressed at the TICAD 7 conference in August 2019.
Source : CNBC Africa
