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Enhanced private sector assistance from the African Development Bank to the Central Africa region to strengthen engagement with the private sector

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  Following the announcement of an additional 5 billion for the Enhanced Private Sector Assistance EPSA program https bit ly 3QoLwa2 of the African Development Bank https www AfDB org of the Government of Japan the Bank s Central Africa Regional Development and Business Implementation Office is seeking to engage private sector organizations in the region with economically viable investment projects Serge N Guessan Director General of the African Development Bank for the region said The Bank is very interested in supporting investments by private developers in Central Africa as they are essential for economic growth and job creation in this region important region of the continent The financing of the EPSA Program will contribute enormously to achieving this noble development goal The announcement made in Tunis during the Eighth Tokyo International Conference on African Development TICAD8 comprises 4 billion under EPSA 5 2023 2025 and is complemented by 1 billion for a new special window to support African countries undertaking reforms to promote transparency and debt sustainability EPSA 5 aims to address four key priorities energy connectivity health and agriculture and nutrition EPSA s non sovereign operations component helps finance the Bank s private sector operations through a credit line from the Japan International Cooperation Agency JICA to the Bank on concessional terms To date seven non sovereign loans have been signed with JICA for a total of 1 5 billion Examples of financed private investment include infrastructure Bujagali Hydroelectric Power Station Uganda RASCOM the first pan African communication satellite the East African Submarine Cable System the Lekki Toll Road Nigeria and the Water Supply to Bulk from Kigali Rwanda etc Credit lines for regional development finance institutions went to the West African Development Bank the African Commercial Insurance Agency the Africa Finance Corporation the East African Development Bank and various commercial banks EPSA loans also financed programs to assist small and medium sized enterprises in Tanzania and Zambia as well as sector specific equity funds such as the Africa Agriculture Fund the Emerging Market Fund and equity investments in the creation of the foreign exchange hedging facility TCX Industries also benefited from funding as evidenced by Lake Harvest Zimbabwe aquaculture project OLAM major agricultural company investing in Africa and Moulin Moderne du Mali foodstuffs Interested private developers within the Central Africa region should contact Bappa Se Marc Ghislain email m bappase afdb org
Enhanced private sector assistance from the African Development Bank to the Central Africa region to strengthen engagement with the private sector

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Enhanced Private Sector Assistance

Following the announcement of an additional $5 billion for the Enhanced Private Sector Assistance (EPSA) program (https://bit.ly/3QoLwa2) of the African Development Bank (https://www.AfDB.org/) of the Government of Japan, the Bank’s Central Africa Regional Development and Business Implementation Office is seeking to engage private sector organizations in the region with economically viable investment projects.

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Serge N’Guessan, Director General of the African Development Bank for the region, said: “The Bank is very interested in supporting investments by private developers in Central Africa, as they are essential for economic growth and job creation in this region.

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important region of the continent.

The financing of the EPSA Program will contribute enormously to achieving this noble development goal.” The announcement, made in Tunis during the Eighth Tokyo International Conference on African Development (TICAD8), comprises $4 billion under EPSA 5 (2023-2025), and is complemented by $1 billion for a new special window to support African countries undertaking reforms to promote transparency and debt sustainability.

EPSA 5 aims to address four key priorities: energy, connectivity, health and agriculture, and nutrition.

EPSA’s non-sovereign operations component helps finance the Bank’s private sector operations through a credit line from the Japan International Cooperation Agency (JICA) to the Bank on concessional terms.

To date, seven non-sovereign loans have been signed with JICA for a total of $1.5 billion.

Examples of financed private investment include infrastructure: Bujagali Hydroelectric Power Station (Uganda), RASCOM (the first pan-African communication satellite), the East African Submarine Cable System, the Lekki Toll Road (Nigeria) and the Water Supply to Bulk from Kigali (Rwanda), etc.

Credit lines for regional development finance institutions went to the West African Development Bank, the African Commercial Insurance Agency, the Africa Finance Corporation, the East African Development Bank and various commercial banks.

EPSA loans also financed programs to assist small and medium-sized enterprises in Tanzania and Zambia, as well as sector-specific equity funds such as the Africa Agriculture Fund, the Emerging Market Fund, and equity investments in the creation of the foreign exchange hedging facility.

TCX.

Industries also benefited from funding, as evidenced by Lake Harvest (Zimbabwe aquaculture project), OLAM (major agricultural company investing in Africa) and Moulin Moderne du Mali (foodstuffs).

Interested private developers within the Central Africa region should contact: Bappa Se Marc Ghislain, email: m.bappase@afdb.org

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