MUFG EMEA has signed three strategic Memoranda of Understanding (MoUs) during the ninth Tokyo International Conference on African Development (TICAD 9) in Yokohama. The agreements underscore MUFG's role in mobilising Japanese capital for transformative infrastructure and energy projects across the continent.

The agreements, signed with the African Trade & Investment Development Insurance (ATIDI), the Africa Finance Corporation (AFC), and Turkish energy company, Çalık Enerji, establish frameworks for collaboration aimed at delivering sustainable infrastructure, supporting the energy transition, and strengthening public-private partnerships in line with TICAD 9's theme of “Co-create Innovative Solutions with Africa".

ATIDI

On 20 August, ATIDI and MUFG signed a Memorandum of Understanding (MoU) which will promote collaboration in providing innovative risk mitigation solutions for Japanese investors in Africa. As MUFG looks to bring international and Japanese liquidity to Africa through their work with sovereigns, DFIs and blended finance, ATIDI will support with insurance and guarantees to encourage investment, supporting development across the African continent.

AFC

The MoU with AFC, a pan-African multilateral development financial institution, establishes a framework for collaboration on projects related to energy, power, natural resources, transportation and public utilities infrastructure across Africa. Under the agreement, MUFG and AFC will work together to provide financial structuring and coordination support for strategic infrastructure projects, with a particular focus on partnerships with international corporate clients, including Japanese public institutions.

Çalık Enerji

The partnership with Çalık Enerji, a leading Turkish energy company active across the value chain including engineering, procurement, and construction (EPC), creates a framework for collaboration on energy and infrastructure projects across Africa. MUFG may provide financial structuring and coordination support for Çalık Enerji projects, particularly in partnership with Japanese public institutions.

Çalık Enerji's current pipeline includes gas-fired power plants, transmission infrastructure, and renewable energy projects in countries such as Senegal, Angola, Côte d'Ivoire, Tanzania and Nigeria. The collaboration seeks to leverage Japanese and Turkish expertise to meet Africa's growing energy and infrastructure needs.

Advancing TICAD 9 Objectives

MUFG's longstanding commitment to Africa centres on innovative financial structuring such as blended finance, enabling African borrowers to access Japanese liquidity through MUFG's global network and deep relationships in Japan.

Through these strategic partnerships, MUFG EMEA continues to enable opportunities for Japanese liquidity to reach Africa, supporting the continent's development agenda while creating value for all stakeholders involved.

Ankit Khandelwal, Head of Africa – Sovereigns, DFIs and Blended Finance, MUFG EMEA, said:

"These three strategic partnerships reflect our continued commitment to Africa's sustainable development and our ambition to connect Japanese investors with meaningful opportunities across the continent. In alignment with TICAD 9's goals, we are proud to support quality infrastructure, energy transition, and inclusive growth through enhanced public-private partnerships."