Japan readies credit insurance for Africa's decarbonization

State-backed NEXI to partner with Afreximbank to spur energy transition

20220822N Burkina Faso solar

A solar power project in Burkina Faso. NEXI's credit insurance will cover the development of renewable energy, as well as transition projects. © Reuters

TAKASHI TSUJI, Nikkei staff writer

TOKYO -- Japan will encourage companies to pursue decarbonization projects in Africa through a new financing and insurance framework designed to mitigate potential risks of doing business on the continent.

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