BY ANDUALEM SISAY – AHMEDABAD, INDIA –Japan Bank for International Cooperation (JBIC) invites African and Indian companies to form joint venture and access the $4.1 billion investment fund waiting for them. As I said $4.1 billion is there for your future projects,” he said, at a panel discussion held at sideline of the 52nd African Development Bank annual meetings held in Ahmedabad, India last week. “If you create joint venture with Japanese company in India or Africa please contact us and find finance solution if you need. Our wish isto support sales of Japanese equipment not only ‘made in Japan’ but also ‘made by Japan’,” he said. Because India has centuries old working relationship with Africa, Japan prefers African companies to venture with Indian companies in order to access JBIC’s finance, according to Fumio Suzuki, JBIC Chief Representative Office in Paris.

Source: News Business Ethiopia May 31, 2017 13:41 UTC