Japan to guarantee private-sector loans, investments in Africa – Nikkei Asia

Assistance aims to lower financial risk of doing business on the continent
Among Japanese companies operating overseas, 57% reported plans for African expansion over the next one to two years in a recent survey. © Reuters
TOKYO — The Japanese government plans to soon open up a path for providing guarantees to businesses that invest or lend in African countries, Nikkei has learned.
The Japan International Cooperation Agency will be able to grant guarantees for Africa-bound investment and financing under legislation to be submitted to the Diet session that starts Friday. The idea is to lower the risk of doing business on the continent.

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