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Japan confirms Africa’s large economic potential

The U.S. Agency for International Development’s Power Africa organization has entered a partnership with Japan’s government to share strengths, expertise and resources in support of efforts to provide access to renewable energy in Africa.

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Tokyo had already pledged $32 billion to the continent at the previous TICAD summit three years ago.

Deby urged Japan and the worldwide community to contribute to the AU fund for those purposes, set up during the recent summit of the organization in Kigali, Rwanda.

The goal of the conference, organized jointly by the United Nations, the African Union, the World Bank and Japan, is to boost trade and aid to Africa, as Japan hopes that quality will trump quantity in the battle against cash-rich China for influence on the continent.

In tow is Japan’s foreign minister Fumio Kishida who is joining the first sitting prime minister to visit Kenya in around 15 years.

An additional 0 million will be allocated toward Africa’s health initiatives against epidemics and public health emergencies such as Ebola and other health related issues, Abe said.

Japan attaches importance to developing Mombasa port, a gateway to the East African market, and strengthening ties with Kenya amid China’s growing economic influence in the fast-growing, resource-rich continent.

The Japanese prime minister said his country would unveil new technology and training opportunities at the conference to encourage growth.

During their meeting, the ministers reviewed the progress of the commitments of the TICAD V, held in 2013 in Yokohama (Japan).

The summit, which will hold from August 27 to-28, is co-organised by the Government of Japan, the United Nations Office of the Special Adviser on Africa, the United Nations Development Programme, the African Union and the World Bank.

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Some of the African presidents present at the 6 TICAD were Uhuru Kenyatta of Kenya, Robert Mugabe of Zimbabwe, Jacob Zuma of South Africa, Yoweri Museveni of Uganda, Paul Kagame of Rwanda, and Ellen Johnson Sirleaf of Liberia among others.

TICAD VI