Japan's aid agency to issue 23 bil. yen Africa-support bonds in Aug.

The Japan International Cooperation Agency will issue bonds worth around 23 billion yen ($160 million) next month to raise funds for infrastructure, education and other development needs of African nations.The bond issuance will coincide with Japan's cohosting of the ninth Tokyo International Conference on African Development in Yokohama, near Tokyo, on Aug. 20-22.Government-backed JICA is hoping to target local governments, regional financial institutions and Japanese companies that are seeking to invest in the fast-growing, resource-rich continent and encourage them to purchase the bonds,…READ FULL ARTICLE