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AfDB, Japanese agency sign seventh loan agreement

Creamer Media Contributing Editor Online
The Japan International Cooperation Agency (Jica) has signed a Y34.41-billion, or around $300-million, loan agreement with the African Development Bank (AfDB), intended to promote economic growth and reduce poverty in Africa through supporting the private sector. The loan is part of the enhanced private sector assistance (EPSA) initiative – a component of Japan’s Official Development Assistance to Africa.

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