Japan International Cooperation Agency (JICA) will issue Africa TICAD bonds worth ¥23 billion, or around $160 million, in August. This bond launch matches the timing of the ninth Tokyo International Conference on African Development (TICAD), held August 20–22.
The conference will take place in Yokohama, just outside Tokyo, and focus on African progress and partnership. JICA wants local governments, banks, and Japanese companies to invest in the three- or five-year maturity bonds.
These investments will help fund infrastructure, education, and economic development projects across African nations.
According to Motohiro Matsumura, a JICA director, Africa’s young population represents a powerful opportunity for global growth. He believes that support through Africa TICAD bonds will allow Japanese companies to expand their African operations.
The 2025 issuance is nearly double the size of the 2019 TICAD bond program, which raised ¥12 billion. JICA used the earlier funds to support projects like a bridge over Uganda’s Nile River and Kenyan geothermal energy.
This year, the agency will also fund Japanese-style education focused on discipline and structured school activities.
It will also provide loans to African farmers using regional financial institutions as intermediaries. Since 1993, TICAD has fostered dialogue between Japan and African nations through diplomatic and economic collaboration.
Held every three years since 2013, TICAD brings together leaders, investors, and development experts. By offering Africa TICAD bonds, Japan highlights its commitment to Africa’s long-term development and regional stability.
The bonds represent a strategic partnership that supports Africa’s needs while opening markets for Japanese investors. Through smart investment and cooperation, Japan aims to help build a stronger and more prosperous Africa.
