Browsing: Tokyo International Conference on African Development

AfDB President Dr. Akinwumi Adesina when he met with Hayashi Nobumitsu, Governor of the Japan Bank for International Cooperation. They discussed common interests including support for agriculture and fertilizers, quality health infrastructure and solar energy development. www.theexchange.africa

Senegal’s President Macky Sall claimed Japanese firms have the technical and financial capacity to establish up partnerships in Africa while Moussa Faki Mahamat, who is the African Union Commission chair praised Japan’s education and training achievements. He lauded a Japanese effort that taught nutrition to 1,000 young Africans.

African countries would need major financial resources to deal with Covid-19, climate change, and Russia’s war in Ukraine said the African Development Bank chief.

“Now is the time to assist the African Adaptation Acceleration Program to mobilize $25 billion for climate adaptation in Africa,” Adesina added.

AfDB’s African Emergency Food Production Facility, started in May 2022, is providing US$1.13 billion to 24 nations for emergency food production. The Bank approved the facility early in 2022 to prevent the Ukraine war’s food and fertilizer disaster.

During this edition, the Tunisian private sector will offer 81 investment projects totalling US$2.7 billion dollars to investors from Africa and Japan. 37,750 employment opportunities will be created by the initiatives listed in a white paper by the Tunisian-Japanese Chamber of Commerce and Industry (CCITJ).

The 128-page white paper includes proposed projects by firms. This is in addition to new projects and those that are already in place and looking for possible partners. These initiatives will be carried out as a result of a triangular relationship between Japan, Tunisia, and other African nations in fields with a high added value.

Some of these projects include 21 in the green and blue economy, the digital industry, artificial intelligence and space technologies (20), pharmaceutical and medical (17), industrial (12), infrastructure and logistics (9) and two in finance.

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 Advisor on Africa (UNOSAA).