AfDB president visits Japan to increase business collaboration

In a recent two-day visit to Tokyo, President of the African Development Bank Group (AfDB) Akinwumi Adesina underscored the need for more Japanese private investments in Africa.

Adesina met with the governor of the Central Bank of Japan, Haruhiko Kuroda; the president of Japan International Corporation Agency (JICA), Shinichi Kitaoka; the chair of the Sasakawa Group, Jiro Hanyu; and the executive vice president of the Japan External Trade Organization (JETRO), Katsumi Hirano as well as several other business leaders.

Adesina noted that the AfDB will continue to count on Japan to help in the upcoming replenishment of the African Development Fund.

Japan is third largest shareholder of the AfDB, only behind Nigeria and the United States.

Adesina believes that cooperation between Africa and Japan will only become stronger due to Africa’s growing resilience to internal and external shocks while posting an appreciable 4.5 percent growth that is projected to rise further.