The fifth phase of the Enhanced Private Sector Assistance for Africa initiative (EPSA 5), which will commence next year and run until 2025, will be able to provide support of up to $5-billion to the continent’s private sector. EPSA is a partnership between the Government of Japan and the African Development Bank (AfDB). The EPSA initiative was originally announced in 2005, and EPSA 1 started in 2007, being succeeded by EPSA 2 in 2012, followed by EPSA 3 in 2017 and then EPSA 4 in 2020. EPSA 4, which concludes this year, was assigned funding of $3.5-billion.
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