EPSA(Enhanced Private Sector Assistance for Africa)
Initiative Brochure (August 2019)

PSIF
NSL

Private Sector
Investment
Finance

Non-Souvereign
Loans
From thePeople of

Japan

ACFA
Accelerated
Co-financing
Facility for Africa

FAPA

Fund for African
Private Sector
AssistanceWhat is EPSA?
The Enhanced Private Sector Assistance (EPSA) Initiative is an innovative, multi-component, multi-donor
framework for resource mobilization and development partnership to support implementation of the African
Development Bank (AfDB) Strategy for Private Sector Development. Drawing on successful development
experience in Asia and around the globe, EPSA was conceived in partnership with the Government of Japan(GOJ), which has provided generous financial support to its implementation since 2005.
Components of EPSA: EPSA consists of (1) Accelerated Co-financing Facility for Africa (ACFA), (2)Non-Sovereign Loans (NSL), (3) Fund for African Private Sector Assistance (FAPA), (as shown in the
diagram below) and (4) Effective EPSA 4 Privace Sector Investment Finance (PSIF).

EPSA1

1 billion USD over 5 years (2007-2011) from JapanEPSA2

2 billion USD over 5 years (2012-2016) from JapanEPSA3 3 billion USD over 3 years (2017-2019) from Japan and AfDB (joint target)EPSA4 3.5 billion USD over 3 years (2020-2022) from Japan and AfDB (joint target)
ACFA

NSL

FAPA

Accelerated Co-financing
Facillity For Africa

JICA Direct Loan to the ADB PSO

Fund for Private Sector Assistance

Annual consultation on
project finding / implementation
JICA

Policy discussion
info sharing

ODA Loans
and Supervision

AfDB/
ADF
Loans andSupervision

Sovereign Guaranteed Projects

JICA
AfDB

ODA Loans
Provide Loans andsupervise Projects

Non-sovereign Private
Sector Projects

GoJ, other donors
FAPA
Secretariat within AfDBTA Beneficiaries(mainly private sector)
Technical Assistance

EPSA Target Figures
EPSA 1st phase was USD 1 billion, which was announced at the July 2005 Gleneagles G8 Summit,
which was fully achieved in 2011. EPSA 2nd phase was USD 2 billion, which was announced at the
May 2012 Camp David G8 Summit and September 2014 AU Summit, which was fully achieved in2017. EPSA 3rd phase was USD 3 billion, which is almost fully achieved, EPSA 4th phaseannounced at August 2019 TICAD 7 that both AfDB and JICA will jointly target USD 3.5 billion in 3
years (2020 -2022).

What is ACFA?
ACFA is a sovereign co-financing arrangement between the ADB and the Japan International Cooperation
Agency (JICA). JICA may offer preferential terms to borrowers under this scheme (see JICA’s website for its"Preferential Terms“). For Joint co-financing, AfDB acts as Lender’s agent, providing project appraisal andloan administration services for a fee. So far, there have been 24 projects approved totaling more than USD
1.7b from JICA and USD 4.3b from AfDB mainly in the Transportation and Energy Sectors.

What is NSL?
NSL is a line of credit from JICA to the Bank on concessional terms for financing the Bank’s private sector
operations. So far, there have been 7 NSLs, totaling USD 1.5b equivalent, starting from NSL1 in 2007 to NSL7
in 2017. In principle, although the resources are pooled with the other financial resources of the Bank andsubject to normal Bank processes (including eligibility and pricing), the Bank attributes the utilization of NSL
proceeds to specific operations. Thus far, 51 projects totaling USD 2.3b of AfDB approvals have beenendorsed. Major projects include Credit Lines and Equity to Regional DFIs, Private Equity Funds, and Project
Finance for Infrastructure PPPs etc.

What is FAPA?
FAPA is a Trust Fund for technical assistance and capacity building for the Bank’s public and private sector
clients. Current volume of the fund as of December 2018 : USD 93m; Financial contributors: Government ofJapan (USD 76.2m: 82%), AfDB (USD 10.6m; 11%) Government of Austria/ Development Bank of Austria(Total USD 2.6m: 3%) interest and investment USD 3.9m : 4%. So far, 81 projects have been approved,bringing total FAPA commitments to USD 65m. FAPA projects support implementation of the three key pillarsof the AfDB’s Private Sector Development Strategy: Improving the Investment & Business Climate; Provisionof Social & Economic Infrastructure; and Enterprise Development.

What is PSIF?
Private-Sector Investment Finance (PSIF) aims to stimulate economic activity and improve the living standards of people in developing countries through equity investments and loans for projects undertaken indeveloping countries by the private sector.
Scope of Support by PSIF is for such projects with high levels of development effectiveness in developing
countries that fall within following three categories: (1) infrastructure and growth acceleration; (2) MDGs
and poverty reduction; and (3) climate change.

General Statistics of EPSA Achievements
EPSA Phase 1 (2007 – 2011) was USD 1 billion, which was achieved in 2011. EPSA Phase 2 (2012 – 2016)
was USD 2 billion, which was achieved in 2016. EPSA phase 3 (2017 - 2019) has a joint target of USD 3
billion, expected to be achieved by end of 2019. The table below shows the cumulative EPSA Achievements.

3General Statistics of EPSA achievements
Unit: million USD

ACFA

NSL

FAPA

Total

# of projects

amount# of projects

amount# of projects

amount

Total

EPSA1
(2007 - 2011)

11484.303500.0034

23.47

1,007.77

EPSA2(2012 - 2016)

10

1,040.75

41000.00

32

27.10

2,067.85

EPSA3(2017 - 2019)3

1,224.64

0

0

15

14.76

1,239.4

TOTAL

24

2,749.69

71,500.00

81

65.33

4,315.02(1) ACFA Approvals
Unit: million USD

Country

1

SenegalJICA

SectorApproval
Date (JICA)

Transport

31-Mar-06

960

8.60

87.20

Transport

9-Mar-07

6,857

59.11

53.28

Montepuez – Lichinga Road
Project

Transport

19-Mar-07

3,282

29.45

44.97

Project
Road Improvement and Transport
Facilitation Program on theSouthbound Bamako-Dakar
Corridor (Bank: Senegal, Mali)
Arusha – Namanga – Athi River
Road Development Project (Bank:
Tanzania, Kenya)

JPY
USD
million million

AfDB

2

Tanzania

3

Mozambique4

UgandaBujagali Interconnection Project

Energy30-Oct-07

3,484

28.63

28.63

5

Cape Verde

Power Supply, Transmission andDistribution Project in Santiago
IslandEnergy25-Mar-08

4,468

37.86

7.28

CameroonTransport Facilitation Program for
the Bamenda-Enugu Corridor(Bank: Cameroon, Nigeria)

Transport

31-Mar-09

4,540

44.99

336.80

7

Mozambique

Nacala Corridor Phase I (Bank:
Mozambique, Malawi)

Transport

10-Mar-10

5,978

60.00

150.73

8

UgandaNile Equatorial Lakes Countries
Interconnection line (Bank: Burundi,
Rwanda, Uganda, Kenya, DRC)

Energy26-Mar-10

5,406

61.23

199.01

9

Tanzania

Road Sector Support ProjectTransport

31-May-10

7,119

10

Tanzania

Iringa-Shinyanga Backbone
Transmission Investment Project

Energy13-Dec-10

6,048

64.51

68.49

11

Cameroon

The project to Strengthen andExtend the Electricity Transmission
and Distribution Networks

Energy

2,939

33.67

50.94

51,081484.301,263.27

6

4-Mar-11(Subtotal EPSA 1)
4

76.12

235.94

Unit: million USD
JICACountry

Project

SectorApproval
Date (JICA)

12

Cape Verde

Electricity Transmission andDistribution Network Development
Project

Energy30-Mar-12

6,186

78.11

13.48

13

Botswana,
ZambiaKazungula Bridge ProjectTransport

12-Oct-12

11,612149.2081.60

14Tanzania

Road Sector Support Project IITransport

8-Apr-13

7,659

96.20

225.31

15

Mozambique

Nacala Corridor Phase III

Transport

29-Nov-13

6,773

86.61

58.52

16

Cameroon

Batchenga Lena Road
Development ProjectTransport

7-Apr-15

6,264

53.16

229.7017

AngolaPOWER SECTOR REFORMSUPPORT PROGRAM (PSRSP)

Energy17-Aug-15

23,640 200.00 1,000.00

18

Tanzania

Kenya-Tanzania PowerInterconnection Project

Energy15-Jan-16

11,84798.23

159.0619

MoroccoGreen Morocco Plan Support
ProgramAgriculture

4-Mar-16

16,347 132.00

132.0020

RwandaRusumo-Kayonza Road
Improvement ProjectTransport

13-Jul-16

6,889

56.01

244.43

Ghana

Construction of a New Bridge acrossthe Volta River on the Eastern
Corridor Project (JICA Project Name Parallel)

Transport

31-May-10

7,119

76.12

235.9421

JPY
USD
million million

AfDB(Subtotal EPSA 2)

108,456 1,040.75 2,144.09(Subtotal EPSA 1+2)

159,537 1,525.05 3,407.36

Unit: million USD

Country

Project

SectorApproval
Date (JICA)

JICA
JPY
USD
million million

AfDB

22

Cameroon

Yaounde-Brazzaville International
Corridor Development Project(Mintom-Lele）

Transport

30-May-17

5,894

52.99

207.52

23

Burkina
Faso

Gounghin – Fada N'Gourma Road
Improvement ProjectTransport

2-Mar-18

5,659

52.74

107.2524

Cote d’Ivoire

Project for Construction of Three
Intersections in Abidjan

Transport

17-Dec-18

16,000 141.12

663.02(Subtotal EPSA 3)

27,553977.79(Subtotal EPSA 1+2+3)

187,090 1,771.9

246.85

4,385.15

These are parallel co-financing projects
5

An achievement of ACFA under EPSA2

The president of Tanzania, John Pombe Magufuli, and the president of the African Development Bank,
Akinwumi Adesina, and the Japanese Ambassador to Tanzania, Masaharu Yoshida, commissioned theDodoma-Babati road project on April 30th, 2018. Until its completion, the Dodoma-Babati road was a criticalmissing link in the 10,228 kilometers Trans-Africa Highway, linking Cairo to Cape Town, connecting nine
African countries from South Africa to Egypt, through Zimbabwe, Mozambique, Zambia, Tanzania, Kenya,
Ethiopia and Sudan. With the completion of the road, traders and travelers now conduct immigration
procedures on only one side of the border, reducing time and costs. Thanks to these efforts, the volume oftrade between Tanzania and the rest of Eastern and Southern Africa has risen to US $1.1 billion in 2018. The
Dodoma-Babati road financed by the Bank and the JICA under the ACFA will improve the lives of people
living in Tanzania and neighboring countries. The 251 kilometers road is expected to provide ruralcommunities with renewed hope, through expanded economic activities, improved access and better prices
for farmers, and to transform several communities.

BeforeAfter

Newly approved ACFA projects under EPSA3

6

(2) NSL Endorsed Projects
Unit: million USD

Project NameCountryType

PillarApproved

AfDB
Amount1

Access Bank of Nigeria

Nigeria

LOC

FI/SME

2006

35.00

2

Zenith Bank

Nigeria

LOC

FI/SME

2006

125.003

Bujagali

Uganda

LOAN

INFRA

2007

110.004

Sahanivotry Hydro

Madagascar

LOAN

INFRA

2007

8.10

5

RASCOM

Regional

LOAN

INFRA

2007

50.00

6

Access Bank*

Tanzania

EQ

FI/Micro

2007

0.66

7

TCX

Multinational

EQ

FI

2007

25.00

8

EASSy*

Multinational

LOAN

INFRA

2007

14.50

9

BOAD*

Multinational

LOC

FI

2008

58.88

10

BCI

Mauritania

LOC

FI/SME

2008

8.00

11

EVHA (Health Fund)*Multinational

EQ

FI/SME

2008

20.00

12

Investrust*

ZambiaLOC

FI/SME

2008

3.50

13

Lekki Toll Road

Nigeria

LOAN

INFRA

2008

53.00

14

Mauritania Leasing*

Mauritania

LOC

FI/SME

2008

5.00

15

MPEF II

Multinational

EQ

FI/SME

2008

29.44

16

Zanaco*ZambiaLOC

FI/SME

2008

10.00

17

Lake Harvest Aquaculture

Zimbabwe

LOAN

AGRI

2011

8.00

18

AAF

Regional

EQ

AGRI

2010

40.00

19

Agri Vie

Regional

EQ

AGRI

2009

15.00

20

Citadel Fund

Regional

EQ

FI

2009

20.00

21

WAEMF

Regional

EQ

FI/SME

2009

9.73

22

Takoradi II Expansion

Ghana

LOAN

INFRA

2012

60.00

23

SME APEX Facility*

Tunisia

LOC

FI/SME

2011

51.18

24

ATI*

Regional

EQ

FI/SME

2012

15.00

Subtotal EPSA1 (2006 -2011)

7

PPGLII(2) NSL Endorsed Projects
Unit: million USD

Project NameCountryType

PillarApproved

AfDB
Amount25

OLAM

Nigeria

LOAN

AGRI

2013

80.00

26

AFC

Regional

LOC

FI

2012

200.0027

EADB*

Regional

LOC

FI/SME

2014

40.00

28

EADB*

Regional

EQ

FI/SME

2014

24.00

29

PTA Bank*

Regional

LOC

FI/SME

2013

50.00

30

Afeximbank

Regional

LOC

FI/SME2014

150.0031

BOAD*

Regional

EQ

FI/SME

2011

4.18

32

Africa SME Program*

Regional

LOC

FI/SME2013

125.0033

ZEP ReRegional

EQ

FI

2014

4.00

34

XINA Solar One ProjectSouth Africa

LOAN

INFRA

2014

100.0035

Kukuza PDC (PDPAI)

Regional

EQ

INFRA

2014

5.00

36

Mouline Moderne du Mali (M3)

Mali

LOAN

AGRI

2014

22.16

37

LAPO

Nigeria

LOC

FI

2014

12.00

38

Moringa Agroforestry Fund

Multinational

EQ

AGRI

2014

12.58

39

Equity Bank

Kenya

LOC

FI

2014

148.0040

Development Bank of Nigeria

Nigeria

EQ

FI

2014

50.00

41

ACRF II

Mutinational

EQ

MULTI

2015

45.00

42

Africinvest II

Mutinational

EQ

MULTI

2015

22.38

43

Kigali Bulk Water Supply
Project

Rwanda

LOAN

INFRA

2015

20.00

44

Alitheia Identity Fund

Mutinational

EQ

MULTI

2015

12.50

45

ETC Group Limited

Multinational

SCFF

FI

2017

100.0046

Segou Solar Photovoltaic
Project

Mali

LOAN

POWER

2016

9.32

47

Abraaj Growth Markets HealthFund Africa

Multinational

EQ

FI

2016

25.00

48

Boost Africa Investment
Program

Regional

EQ

FI

2016

54.73

49

Rx Healthcare Fund

Multinational

EQ

FI

2016

20.00

50

Loan for OLAM Africa
Investment Program (OAIP II)

Multinational

LOAN

FI

2017

107.0051

Export Trading Group (ETG)

Multinational

LOAN

FI

2016

100.00Subtotal EPSA2 (2012 -2016)
EPSA Total

1,542.85
2,317.85*These projects/clients are also supported with technical assistance funded by FAPA8

(3) FAPA Approvals
Unit: USDCountry

Project Name

ApprovedAmount

Subtotal EPSA1 (2006 -2011)

23,477,026

Absract

2012
34 Tanzania

Entrepreneurs Financial Center

2012

935,526

To support the capacity development andinstitutional strengthening of a green-fieldnational microfinance institution in Tanzania.

35 Uganda

Entrepreneurs Financial Center

2012

935,464

To support the capacity development andinstitutional strengthening of a green-fieldnational microfinance institution in Uganda

36 Regional

Inclusive Industries Program

2012

1,000,000

To contribute to the establishment of an
Inclusive Industries Programme (IIP)2013
37 Regional

ECOWAS Bank for Investment andDevelopment

2013

950,400

To strengthen the strategic direction, humancapacity and resources of the institution to
enable EBID to deliver on its development
mandate38 Regional

Credit Analysis and Research Africa

2013

250,000

To facilitate the establishment of SME credit
rating agencies in five African countries under
the sponsorship

39 Regional

East African Development Bank

2013

915,000

To strengthen EADB’s capacity to enable itdeliver its development mandate more
effectively and efficiently

40 Regional

TA Support to SME focused FIs benefitingfrom the Africa SME Program

2013

3,978,367

To provide Technical Assistance (TA) andcapacity building to up to 20 smaller SME
focused financial institutions (FIs)

41 Senegal

VoLo Africa Trust Information and Credit
Bureau Pilot

2013

284,472

To facilitate financial inclusion and improve theefficiency of SME financing in Senegal andGambia42 Tunisia

BFPME: Boosting Private Sector Development
through Small and Medium Enterprise Creation 2013and Expansion

950,000

To stimulate the creation and growth of Smalland Medium Enterprises (SMEs)

43 Rwanda

Skills development in the energy sector

2013

800,000

44 Regional

Identification of Bank Interventions for PPP
Port Projects

2013

491,150

To increase the competitiveness and productivity of public and private companies operatingin the energy sector
To contribute to increased investment for port
development under PPP scheme

2014
45 Regional

Africlear

2014

400,000

The purpose of the project is to reduce thecosts of investing in African securities throughlower costs of safekeeping, dividend, interest
To provide Business Development Services forat least 54 seed companies supported by the
Program for Africa’s Seed Systems (PASS).

46 Regional

Support to African Seed Companies

2014

1,000,000

47 Ghana

Ghana SMEs Business Linkage Program

2014

1,000,000

To help local SMEs in Ghana access newmarkets and access finance, ultimately supporting inclusive private sector growth in Ghana.

48 Seychelles

Seychelles MSME Development Project

2014

1,000,000

To enhance growth of Seychelles micro, small
and medium enterprises (MSMEs), in order topromote inclusive growth

49 Regional

Microfinance Training Course for Policy andDevelopment

2014

250,000

50 Mozambique

Building Climate Resilience in the Limpopo
Basin Project

2014

941,274

To foster private investment in water infrastructures and promote SME development in the
agricultural value chains

51 Cote d'Ivoire Support for Entrepreneurship Development

2014

947,625

To promote private sector development; create
a better climate for investments and inclusive
growth;9

To contribute to improving regulatory
frameworks and management of the microfinance industry in the COMESA region

2015
52

Liberia

Access Bank Liberia

2015 460,000

To support private sector development in
Liberia through sustaining and broadening
access to finance for MSMEs

53

Regional

Intra African Investment

2015 370,000

The project will finance: main study on thescale, trends, composition of IAI, and impediments

54

Ethiopia

Capacity Building for Financial Inclusion in
Ethiopia2015 318,000

55

Togo

The Kara and Lome Market Reconstruction andTraders Support

2015 817,146

56 Zimbabwe

Support to the beef and leather value chain

2015 1,000,000

57

MoroccoManagement of Rural Water Supply Facilities by
2015 399,000
Private Contractors

58

Regional

Microfinance Training Course for Policy andDevelopment

2016 289,980

To support policy-oriented microfinancetraining to ultimately improve MSME access tofinance in the COMESA region.

59

Regional/ West
AfricaVolo-CreditInfo (in 10 West African Countries)

2016 800,000

To deepen financial markets and access tofinance by MSMEs in 10 West African countries

To advance financial inclusion and improve theefficiency of the participating five Ethiopian
MFIs in Ethiopia
To contribute to revitalizing and modernizing
the women market traders in Lome and Kara
markets
Support the growth of the beef and leather
sub-sector value chain
Pilot project for developing an output based
PPP for the operation and maintenance of watersupply facilities

2016

60

Liberia

Youth Employment & Entrepreneurship Program 2016 1,000,000

61

Burkina Faso

Integrated Support toShea Butter Sector for
Women Economic Empowerment

62

Sierra Leone

Youth Employment & Entrepreneurship Program 2016 1,000,000

63

RegionalMoringa Ag TA Facility

2016 933,350

2016 683,200

To develop skills for youth employability andentrepreneurshipTo strengthen the shea butter value chain andbuild the capacity of women cooperatives
To develop skills for youth employability andentrepreneurshipTo support the introduction and promotion of
new agro-forestry techniques, develop agroforestry value chain and strengthen capabilities
of smallholder farmers that are in supply chainof ATAF investee companies.

2017

64

65

MalawiMozambique

Nacala Corridor Value Chain Development

Nacala Corridor Value Chain Development

2017 1,000,000

To provide capacity building and businesslinkaging support to local businesses in the
Nacala Corridor in order to enable them tobenefit from the large infrastructure development along the corridor.

2017 1,000,000

The main goal of the TA project is to improvethe efficiency and competitiveness of local
businesses in the Nacala Corridor for accelerated economic and social growth. Thisapproach is innovative as it moves from theinfrastructure corridor construction concept tothe development corridor concept by enablingother sectors to maximize their productivity
through, for example in this TA, the empowerment of the construction sector and sustainable
job creation thereby creating the enabling
environment for industrialization and private
sector development

Subtotal EPSA2 (2012 -2017)27,088,302

66

Gabon

Support to the GRAINE Programme,
Cooperatives and Financial Inclusion

2017 1,000,000

The goal of this technical assistance project is,on the one hand, to foster the inclusion of
farmers in the local value chain and improvetheir living conditions and, on the other hand, tobroaden the inclusiveness of the loan awarded
by the Bank to OLAM International bystrengthening the managerial capacity ofcooperatives and farmers

67

Lesotho

Economic Diversification Support Project2017

To improve the institutional capacities andeffectiveness of selected business associations
in Lesotho.

10915,000

68

69

70

71

72

Multi

Support Project for theDevelopment of theRegional Financial Market(PADMAFIR)

Multi

Leveraging Investments toIncrease Access to
Fertilizer Utilization by
Smallholder Farmers

Multi

AFREXIMBANK – Regional
Promotion of Factoring

Multi

Fashionomics
Africa Online Platform

Multi

73

Botswana

74

Multi

2018

2018

2018

2018

Entrepreneurship Lab

2018

Support to Economic Diversification

Scaling-up the clean
cooking industry in Africa

980,000

Support to the WAMU’s regional financial
market (PADMAFIR) to modernize the regulatory framework and align it with international
standards, enable the launch of a unique SME
capacity support program to prepare SMEs forcapital market financing and build capacity ofcommercial participants.

1,000,000

To expand the supply and distribution offertilizer (+ 200,000 MT) through developmentof sustainable, competitive fertilizer businessmodels and increased access to finance infertilizer production, blending and distribution

500,000

To increase trade finance through capacity
building of the emerging factoring firms,
advisory support among established factoringfirms and development of a sustainableknowledge and learning platform to support
factoring in Africa. Co-financed with AfreximBank.

923,570

To enable African entrepreneurs operating in
the Textile, Apparel and Accessories (TA&A)
industry to create and grow their businesses,with a focus on women and youth.

988,202

To strengthen the business development
ecosystem for youth and women entrepreneursin Africa by increasing the capacity of local
entrepreneurs to launch and build sustainableprofit-making enterprises by: 1) mapping
existing incubators and accelerators; 2)
regional workshops and local ecosystem
network building events in Cote d’Ivoire,
Ethiopia; Ghana, Nigeria and South Africa; 3)collection and sharing of knowledge and bestpractices in the ecosystem; and 4) development of a virtual platform.

2018

1,000,000

2018

995,360

To improve business linkages, strengthen
associations, facilitate partnerships, strengthen
the business development services (BDS)
market and introduce standards to improvepolicies and the business environment of selected value chains.
To promote the growth of the clean cooking
solutions industry (cook stoves, clean fuels andLPG, distributors) across its value chain, targeting the clean cooking sector regulators andindustry players in Ghana, Kenya and Cameroon.

75

Multi

Facility for Agriculture Financing in Africa

2018

1,000,000

To support the preparation and implementationof an innovative USD 300 Million Agri-financefacility that will be dedicated to support SMEs
operating in Agriculture.

76

Liberia

Scaling up the participation of SME in thesecondary wood processing industry

2018

1,000,000

To promote inclusive green growth, employment and economic diversification in the Republic of Liberia (RoL).

11

This technical assistance proposal aims to
support the launch of the pilot phase of the Industrial Policy Support Project (IPSP) that will focus
on supporting Morocco, Ethiopia and Senegal indeveloping inclusive and sustainable industrial
policies through the provision of advisory andanalytical services as well as capacity building to
key institutions.

77

78

79

80

81

Multi

Multi

Multi

Multi

Cameroon

Industrial Policy Support Program

Private Sector Investment
Initiative for African Nationally
Determined Contributions Hub

African Agri-Business Engine(East and Southern Africa)

De-risking Agricultural
Finance Smallholder
Farmers (DAFS)

Ring-Fencing of Electricity
Metering Services

2018

2019

2019

2019

2019

1,000,000

1,000,000

1,000,000

980,000

479,997

Subtotal EPSA3 (2017 -2019)14,762,129

EPSA Total

65,327,457

12

The IPSP TA project would operate in coordination with other programs and initiatives led byrelevant stakeholders active on the continent andcatalyze additional resources and expertise fromthe Bank’s development partners such as the
G20 Compact with Africa and the implementationof the Program for Country Partnership Initiative(PCP) with the United Nations Industrial Development Organization (UNIDO). The PCP is aninnovative methodological framework andapproach developed by UNIDO for the provisionof technical assistance to developing countries inthe design and implementation of effective industrial policies, which is being piloted in Ethiopia,
Morocco and Senegal.
To strengthen Africa’s private sector participationin climate-related investments that support theimplementation of the Nationally Determined
Contributions (NDCs) under the Paris Agreement
regime. This project aims to further engage
private sector, especially SMEs, in improving the
integration of climate change measures in theirinvestment decision-making process with the aimof translating African NDCs into investment
opportunities for the private sector.

To mobilize private sector investment in Africa’s
agribusiness sector, by building an integrated
business pipeline model that generates andactivates investments with bankable businessplans for agribusinesses and agricultural SMEs tobe financed in priority value chains on thecontinent. Thus, the Project will enable inclusive
financing within the agribusiness sector anddevelop market access for SMEs and smallholder
farmers.
To enhance access to finance by smallholder
farmers and promote their participation in crop
value chains. The DAFS project will: (i) promote
crop insurance to smallholder farmers by minimizing climate related supply chain disruptions;and (ii) improve financing and investment to theagricultural sector through credit guarantee
schemes.

To address the metering gap in the Cameroonian
electricity industry through the provision oftechnical assistance to draft regulations andguidelines that will enable the participation of theprivate sector in providing metering services andmass meter deployment in Cameroon

Relation to JapanThe below shows the AfDB’s Non-Sovereign Japan-related Projects, some of which are NSL endorsed and some of which are not.

(1) (Regional) Olam Africa Investment Program 2013, US$80m(2) (Multinational) Loan for OLAM Africa Investment Program (OAIP II)
2017, US$107m
NSL(9) (Egypt) Egyptian Refining Company
2010, US$150m

Note: In Aug 2015, Mitsubishi Corp Acquired stake in OLAM.

(3) (Multinational) ETC Group Limited 2016, US$100m, 2017, US$100m
NSL

Note: In Nov 2017, Mitsui & Co., LTD. acquired a part ofshares in ETG Group Limited(10) (Uganda) Bujagali Hydro PPT
2007, US$110m(4) (Regional) KUKUZA PROJECT DEVELOPMENT COMPANY
2014, US$5m - EQ
NSL

NSL

Note: Kukuza Infra Preparation Fund is partly owned by IL&FS,
which ORIX has stake.

(5) Nov 2015, US$100m PRA(Risk participation Agreement)(11) (Regional) Africa Trade Insurance Agency
2012, US$15m - EQ
NSL Note: Japanese company used theTrade Insurance product inTelecommunication Project inTanzania(6) (Regional) Africa Finance Corporation- which is considered to be utilized for power plants in Nigeria,
Kenya, and Ghana, out of which Kpone PPT was co-invested by
AFC and Sumitomo Corporation.
2012, US$200m

NSL(12) (Mozambique) Nacala Rail Port Project
2015, US$300m(7) (Ghana) Takoradi II Gas Fired PPT
2012, US$60m(13) (Madagascar) Ambatovy Nikkel Plant
2007, US$150m(8) (Rwanda)
Kigali Bulk Water
Supply Project
2015, US$20m

NSL

13

How to utilize EPSA?
ACFA: Governments may communicate with
AfDB/JICA EPSA Focal Points for the possibility of
co-financing.

PSIF: Private firms may communicate with AfDB /JICA EPSA Focal Points for the possibility of privace
sector loans.

NSL: Private firms may communicate with AfDB’s
Sector Departments to apply for AfDB non-sovereign
financial products (loans, guarantees, etc.).

FAPA: Bank Departments servicing the Public andPrivate sector clients may submit a Preliminary Evaluation Note (PEN) to the FAPA Secretariat.

Organizational Information
AfDB Group
Constituent Institutions: The African Development Bank (AfDB); The African Development Fund
(AfDF); The Nigeria Trust Fund (NTF)
Established: 1964 (AfDB)Headquarter: Abidjan, COTE D’IVOIRE
President: Dr. Akinwumi ADESINA
Shareholders: 80 countries (54 African and 26 non-Regional) (AfDB)
Authorized Capital: UA 66.98 billion (as of December 2017)
Approved Operations, 2017: 249 operations totaling UA 6.20 billion
Total Cumulative Approvals, 1967 - 2016: 5,528 approvals totaling UA 102.20 billion

JICA
Established: 1974 (in 2008, merged with Japan Bank for International Cooperation (JBIC) – Overseas
Economic Cooperation Operations
Headquarter: Tokyo, JAPANPresident: Dr. Shinichi KITAOKA
Shareholders: 100% Japanese Gov’t Owned Incorporated Administrative Agency
Capital: JPY 8trillion 998 billion (end of JFY 2018)14

Contact Information for EPSAAfDB Group(1) Contacts:
EPSA / FAPA: epsa@afdb.org /FAPA_Secretariat@AFDB.ORG
Japan-related issues:Tokyo.info@afdb.org(2) Website:(EPSA)
https://www.afdb.org/en/topics-and-sectors/initiatives-partnerships/enhan
ced-private-sector-assistance-for-afr
ica-epsa-initiative/(FAPA)
www.afdb.org/fapa(SNAR)
http://afdb-org.jp/japan/

JICA
Africa Department
https://www.jica.go.jp/english/countries/africa/index.html
Contact
Jica6r@jica.go.jp