• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Wednesday, June 4, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Japan commends AfDB, pledges support to Africa’s development

AfDB

The Matters Press by The Matters Press
February 26, 2024
Reading Time: 2 mins read
0
Nigeria gets AfDB’s $14m as member of ATI

AfDB

Abuja, Feb. 26, 2024: The Japanese Vice Minister of Finance, International Affairs, Masato Kanda has reiterated the continued commitment of his country in partnering with the African Development Bank (AfDB).

RELATED POSTS

PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF

FCT ground rent!: Check your name if you own property

Cracking the Code with Africa’s Creators: Woof Studios Makes History at Cannes Lions 2025 CANNES,

According to Kanda, the aim is to drive development across Africa.

Kanda, in a statement issued by the bank on Sunday, said this when he visited the AfDB president, Dr Akinwunmi Adesina at the bank’s headquarters.

He commended the leadership skills of the AfDB president while affirming the strategic importance of the bank to Africa’s growth.

Kanda also affirmed Japan’s intent to continue supporting the bank’s poverty reduction and resilience-building interventions amid global challenges.

“Japan is committed to helping the AfDB to contribute further in mitigating these humanities challenges. Moreover, I must describe today’s meeting as constructive.

“The world is now facing tremendous challenges from poverty reduction, combating climate change, a huge amount of infrastructure needs.

“The geo-political situation is really difficult. Now, the strategic importance of the AfDB is even more enhanced.

“The status of the AfDB has increased globally under president Adesina’s strong leadership; and we have strong confidence in his leadership of the bank,’’ he said.

Responding, Adesina lauded Japan’s substantial contributions to the bank and Africa in general.

He said: “Japan provided a significant amount of money for us for the African Development Fund, 604 million dollars.

`Additionally, Japan donated over 421 million dollars in the form of concessional donor loans, which allowed us to have a very successful ADF 16th replenishment.”

According to Adesina, part of the discussions centred on innovative approaches like hybrid capital and Special Drawing Rights to enhance the bank’s impact.

He said the visit fell on Japan’s National Day, adding that this was the first time that a Vice Minister of Finance of Japan would visit the headquarters of the AfDB.

“So, I feel tremendously honoured that the minister is here.

“In August 2022, AfDB and Japan inaugurated a five billion dollar financial cooperation under the fifth phase of the Enhanced Private Sector Assistance for Africa initiative covering 2023-2025, which is progressing well.

“There is also a 100 million dollar Japanese impact fund which the AfDB will contribute 10 million dollars of equity.

“The fund was inaugurated by Ken Shibusawa, the Chief Executive Officer (CEO) of Shibusawa and Company Inc., who is also a director of Keizai Doyukai, the Japanese association of corporate executives.’’

According to Adesina, Japan’s support extends to co-creating an investment ecosystem with the bank.

He said this effort gathered momentum at the 8th Tokyo International Conference on African Development (TICAD8) held in Tunisia in August 2022.

“My follow-up visit to Japan in April 2023 further strengthened ties. During that visit, I addressed the Japan-Africa Investment Ecosystem Co-Creation Forum while calling on Japanese businesses to invest more in Africa,’’ he said.

The meeting was attended by the Japanese delegation, which included aides and advisors.

It was also attended by the Bank Group’s Executive Director for Japan, Brazil, Argentina, Austria, and Saudi Arabia, Takaaki Nomoto.

Tags: AfDB
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Energy

PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF

June 4, 2025
Property owners besiege FCT office to pay ground rent
Economy/Technology

FCT ground rent!: Check your name if you own property

June 3, 2025
News

Cracking the Code with Africa’s Creators: Woof Studios Makes History at Cannes Lions 2025 CANNES,

June 3, 2025
Economic implications of Niger coup to Nigeria, ECOWAS
Economy/Technology

IMPI urges media to consider national interest in reporting security challenges

June 3, 2025
Tinubu steering Nigeria away from Venezuela-like tragedy – IMPI
News

Malami’s opposition to Tinubu’s endorsement self-indicting – TDF

June 3, 2025
President Tinubu outlines new economic, monetary, foreign policies
Economy/Technology

CUPP goofs over President Tinubu’s 2027 endorsement by governors

June 2, 2025
Next Post
UK unions seek higher minimum wages for Britons

Nigerian workers optimistic over new minimum wage

Trading in Nigerian stock market dips further N83bn

Equity market drops N51bn

Recommended Stories

Federal, states, Councils share N4.37trn – NEITI

Federal, States, Councils share N1.149trn for January

February 23, 2024
States in race for Medical Free Zone

States in race for Medical Free Zone

November 24, 2020
Agenda on to revive ceramics manufacturing

Agenda on to revive ceramics manufacturing

February 26, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF
  • FCT ground rent!: Check your name if you own property
  • Cracking the Code with Africa’s Creators: Woof Studios Makes History at Cannes Lions 2025 CANNES,

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us