Browsing: japan invests in Africa

AfDB-Japan-government

AfDB gains Japan investors to shore up Africa’s growth

Industry and Trade
  • Organizations like the Japan International Cooperation Agency (JICA) have pioneered several African investment opportunities.
  • Mitsui & Co Ltd has announced plans to resume constructing the multibillion-dollar Mozambique natural gas project.
  • Toyota Tshusho covers automobiles, pharmaceuticals, beverages, and energy, employing over 22000 Africans.

Africa’s international relations are strengthening as the Japanese government seeks to shore up investment opportunities in Africa. The African Development Bank Group President Dr Akinwumi Adesina has been wooing investors from Japan to trade with Africa. His primary objective was to showcase the enormous investment opportunities within the continent that would improve its development in the long run.

The move comes even as Japan Prime Minister Fumio Kishida led his country’s charge with a tour of four critical economic points in Africa; Kenya, Egypt, Ghana and Mozambique.

A renewed Africa-Japan partnership confirmed by AfDB

The AfDB has been on a mission marketing various investment opportunities across African countries …

Japan invests in Africa through the TICAD8 in Tunisia this year. www.theexchange.africa

Tunisia: Japan holds first Ministerial Meeting ahead of TICAD8 Conference

Africa's Development

Japan, through this meeting, targets to affirm the cooperation between Japan and African countries. The conference has been in place since 1993, co-hosted by United Nations(UN), United Nations Development Programme (UNDP), World Bank and African Union Commission (AUC).

TICAD8 will happen in the Republic of Tunisia, the second country in Africa to host the meeting after Kenya in 2016. During the TICAD6 meeting that was held at the Kenyatta International Convention Center in Nairobi, Kenya, Japan pledged to invest US$30 billion in Africa: US$10 billion in infrastructure growth, while an extra US$20 billion will be invested by Japan’s private sector.

In TICAD6, more than 6,000 people participated in the conference, including 22 presidents, two prime ministers, hosted by the Government of Kenya and co-organized by the Government of Japan, the United Nations Development Programme (UNDP), the World Bank, the African Union Commission (AUC) and the UN Office of the Special …