Japan Plans to Raise $1.5 Billion for Impact Investing in Africa

The Japanese government plans to raise $1.5 billion over the next three years for impact investing in Africa aimed at curbing the continent’s greenhouse gas emissions and supporting sustainable growth.

The government will leverage Japan International Cooperation Agency investments to help mobilize private sector financing, the Ministry of Foreign Affairs said in an emailed statement. Impact investing aims to generate both profits and social and environmental benefits.