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Japan Pledges 30 Billion Dollars for Africa

August 27, 2016 | No comment
Japan Prime Minister Shinzo Abe

AFRICA will receive nearly US$30 billion from Japan in the next three years through aid and investment.

The Prime Minister of Japan Shinzo Abe announced this during the opening of the Sixth Tokyo International Conference on African Development (TICAD) on Saturday in Nairobi, Kenya.

A portion of this will be executed through cooperation with the African Development Bank for infrastructural development.

“Japan will appropriate over 10 billion US dollars to Africa over the next 3 years for building infrastructure,” Abe said.

Abe said Japan aim’s for a quality, resilient and stable Africa by solving whatever problems are there in Africa, they are quite simple to be solved.

“Japan is a country that ardently hopes to resolve the issues facing Africa and will not let up in its efforts,” he said.

Abe said a quality Africa will be done through infrastructure and human resource.

“Infrastructure includes electrical power and also urban transport system. Under the Africa Business Education (ABE) Initiative, the number of future executives from Africa who have studied in Japan will grow to 1000 and over three years the number will increase to 1500 people.” He added.

On his part, Kenya’s President Uhuru Kenyatta while welcoming delegates said, “if we look back the wealthiest countries became rich by trading with others, and commended the trade existing between Africa and Japan.”

“Our efforts here are to ensure we attain critical ingredient, together we must ensure that the global trade and governance is supportive of African enterprise and our people’s aspirations to prosper.

“Japan has managed to transform itself to largest and most equitable economy in the world, following along this path, or even faster is what drive my personal vision for my continent,” Uhuru said.

The two-day conference is being attended by over 35 heads of state and governments, and nearly 10000 delegates comprising of academia, investors, civil society organisations and international organisations.

South Sudan’s vice president Wani Igga and Foreign Affairs Minister Deng Alor Kuol were also in attendance on behalf of South Sudan.

[Talk of Juba]