Browsing: TICAD 8

Multipolar world order positions Africa on a pedestal.

Amid a Multipolar World, Africa will Rise

Investing

The world is on the cusp of a new geopolitical order, embracing multipolarity and swiftly effacing the long-standing unipolar world that has for decades on end, placed  the U.S on a pedestal as the sole dominant superpower. In the recent past this hegemonic position has been challenged by emerging global powers, led by China, Russia, Germany, U.K, South Korea, France, Japan, UAE, and several others. These countries have grown in power, asserting an independent and to some degree collective influential role, in global economic affairs and security development, thereby ushering in a new multipolar world order.

The fall of the Iron Curtain in 1989 when almost all of the communist governments of the Eastern bloc were overthrown, heralded the formal dissolution of the USSR in 1991.This marked the end of the Cold War that began shortly after World War II in 1945.  This was a period of geopolitical tension between…

…
The Tunis Declaration was adopted this year at the Eighth Tokyo International Conference on African Development (TICAD 8) with JICA and JETRO support. Photo/UNDP

Japan: TICAD 8 Tunis Declaration implications for Africa

Countries

In the wake of the global economic slowdown, JETRO has opened a support desk to assist Japanese companies expansion in Africa and also helping African firms enter the Japan market, JETRO CEO Sasaki said.

The forum highlighted the importance of supporting startups, emphasis on green investment, development of human resources and Africa food security.

Through the JETRO forum, the Japanese business community launched an investment fund for startups in Africa valued at over 10 billion yen.

JETRO CEO Sasaki said the forum also catapulted launch of the Green Growth Initiative with Africa valued at 4 billion dollars that will finance public and private cooperation ‘toward a structural transformation to achieving net zero.’…