VENTURES AFRICA – Japan has signed a 9.48 billion Japanese yen (about US$ 100 million ) loan agreement with African Development Bank that will support entrepreneurship and economic growth in Africa . The agreement, which in form of an Exchange of Notes, is the fourth loan to the AfDB under the Enhanced Private Sector Assistance (EPSA) for Africa Initiative, was signed by AfDB President Dr. Donald Kaberuka and Japan’s Ambassador to Tunisia , Mr. Juichi Takahara , "This loan will help in accelerating private sector growth, create employment opportunities, support economic and social infrastructure development, and the investment climate," said Dr. kaberuka. Ambassador Takahara also expressed hope that this EPSA Loan will contribute concretely to the development of the African private sector. AFDB will use the loan to fund its private sector operations that supports African SMEs and investments, including public-private partnerships for the provision of essential economic infrastructure and direct investment.
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