A historic concession donor loan agreement of 51.67 billion Japanese yen (421 million US dollars) has been signed in favor of the African Development Fund (ADF). The agreement was signed between the African Development Bank Group and the Japan International Cooperation Agency (JICA)

Ce loan will support the essential development of the least developed and most fragile countries in Africa. The Japanese government promised this loan during the ^16th replenishment of the resources of the African Development Fund in December 2022. é The President é of the African Development Bank Group, Akinwumi Adesina expressed the Bank Group's satisfaction with Japan's broader partnership, particularly through the Jica Enhanced Private Sector Assistance Initiative in Africa, an innovative, multi-pronged framework for resource mobilization and development.
é For her part, the first è vice-president ex é é Cutive de la Jica declared é that African countries are facing multiple crises such as rising energy and food prices, supply chain disruptions and deteriorating debt sustainability that are having a serious impact on African countries.