The declaration also had the support of 74 global and regional organisations, representatives of the private sector and Civil Society Organisations (CSOs) from Japan and Africa.
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The Japanese dignitary added that some of the money will be channeled through the African Development Bank. “They seek the establishment of safe business environment and realization of free and stable corporate activities”, said Abe.
“This conference will bring both immediate and long-term benefits to both Kenya and Japan”.
The two leaders discussed the situation in South Sudan and how the Intergovernmental Authority on Development (IGAD) was navigating the peace process in trying to restore sustainable peace, a statement issued by the presidential strategic communications unit said.
China, whose investments in sub-Saharan nations have increased 40-fold since 2003, pledged US$60 billion for the continent at a similar summit by President Xi Pinping in South Africa past year. Abe said 67 percent of that had already been put to use in various projects. The amount pledged includes private sector investment and $11 billion left over from a $32-billion commitment made at the previous meeting in 2013.
According to data released Monday by the Kenya National Bureau of Statistics (KNBS), while Japan’s monthly exports to Kenya average 67.4 million USA dollars, India ships into the East African nation goods worth 193 million dollars and China’s exports stand at 233 million dollars.
The conference, known as the Tokyo International Conference on Africa Development (TICAD), is being hosted in Africa for the first time.
In addition, Kenya and Japan signed an agreement to jointly develop Mombasa special economic zones.
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Some 30 African heads of state are taking part in the conference, which runs until Sunday. President Kenyatta also briefed President Mugabe on the threat caused by terrorists in Kenya and the East African region and the measures being taken to end the threat.
