Benin secures US$27.5m from JICA to finance Couffo’s drinking water project

BENIN – The Japanese government has awarded a grant of 16 billion CFA francs (US$27.50m) to Benin, through its international cooperation agency, JICA. The funding will enable work to be carried out on the project to strengthen drinking water supply systems in the departments of Couffo and Plateau. The funds will enable Beninese authorities to finance the Project to Strengthen…

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Tech startup Sanergy secures US$2.5m funding from Japanese investor JICA

KENYA – Sanergy, a tech-enabled startup and the owner of the Fresh Life toilets franchise, has received US$2.5 million funding from the Japan International Cooperation Agency (JICA). This is in an effort to address the city’s growing sanitation needs while also helping farmers across Kenya produce more crops with fertilizer produced as a byproduct. Sanergy plans to expand its reach…

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Japan to increase its JICA grant to Egypt for the development of Abu al-Rish Japanese Hospital

EGYPT – Egypt and Japan signed an agreement to increase the value of the Japan International Cooperation Agency (JICA) grant to become US$19 million. The agreement aims to construct the new outpatient clinic of the Abu al-Rish Japanese Hospital, which comes within the framework of the distinguished Egyptian-Japanese relations that promote the development of the health sector.  The signing ceremony…

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AfDB and several consortium partner to invest US$80bn in private sector of Africa

Ethiopia secures US$165M in grant funds from AfDB to bolster COVID-19 emergency response efforts

AFRICA – The private sector arm of the African Development Bank (AfDB), has committed to investing US$80 billion together with the G7 DFIs, the IFC, EBRD and the European Investment Bank, in the private sector over the next five years to support sustainable economic recovery and growth in Africa. This investment will create jobs, boost economic growth, help tackle climate…

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Japan’s NINJA Accelerator in Kenya picks 5 startups for its first cohort

KENYA – Five Kenyan startups have been picked by the Japan International Cooperation Agency and other partners to receive customised international mentoring, expertise, coaching, and investor relations in readiness for a Demo Day. The “NINJA Accelerator in Kenya”, powered by the Japan International Cooperation Agency (JICA), in partnership with Double Feather Partners (DFP), Deloitte Tohmatsu Venture Support (DTVS), Deloitte Tohmatsu…

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Mauritius gets US$289m loan from JICA for Covid-19 fight

MAURITIUS – The Japan International Cooperation Agency (JICA) has extended an Official Development Assistance loan of up to US$289 million to support Mauritius’ response to the Covid-19 pandemic and rebuild its economy. The loan, signed on 24 February, is a parallel co-financing agreement between JICA and the African Development Bank under the Enhanced Private Sector Assistance for Africa (EPSA) joint…

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AfDB and JICA sign US$668.1m loan agreement to replenish African Development Fund

AFRICA – The Japan International Cooperation Agency (JICA) and the African Development Fund (ADF), the concessional arm of the African Development Bank Group have signed a loan agreement of US$668.1 million to support the 15th replenishment of the African Development Fund (ADF-15). During a virtual ceremony, African Development Bank Group President Dr. Akinwumi A. Adesina and Japanese Ambassador to Côte d’Ivoire…

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JICA expands its NINJA accelerator programme to Kenya

KENYA – The Japan International Cooperation Agency (JICA) is expanding its startup accelerator programme NINJA Accelerator to Kenya. JICA is the body that coordinates official development assistance for the Japanese government in developing countries and aims to promote international cooperation by supporting the socio-economic development, recovery, or economic stability of emerging economies. The  NINJA Accelerator 9 was launched in Ethiopia last…

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Rwanda clinches US$28m financing from Japan to enhance nutrition improvement efforts

RWANDA – The government of Rwanda has received the second tranche of the 10 billion-yen (US$94m) Sector Policy Loan for Nutrition Improvement through Agricultural Transformation, from Japan International Cooperation Agency (JICA) to assist Rwanda’s effort to tackle malnutrition. The second tranche aggregating to 30% of the total loan i.e. equivalent to US$ 28million has been disbursed as a result of achievements…

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Ghana COCOBOD launches US$600m syndicated loan facility to boost sector operations

GHANA – The Ghana Cocoa Board (COCOBOD) has officially launched the US$600 million syndicated loan facility which it signed with some Development Finance Institutions (DFI) to finance key components of the organisation’s productivity enhancement programmes. The loan facility aims to implement production, warehousing and processing interventions, adding value to Ghana’s cocoa sector. According to a statement by COCOBOD, the institutions providing…

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