African leaders, led by current AU chairman and Chadian president Idriss Deby called on Japan to support Africa’s fight insecurity, especially terrorism.
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Japan has the pledged Ksh 10 billion grant to Kenya to go to economic and social development programmes in the country.
Abe is using the conference to meet dozens of leaders from across the continent, including Kenya’s President Uhuru Kenyatta and South Africa’s Jacob Zuma.
“The time has come to make the best of Japan’s capabilities, Japanese companies’ capabilities”, Abe said.
Japan has signed 73 agreements on trade with African states during a two-day development conference, the Kenyan government said Sunday.
Abe added the investment to have faith in the future of Africa.
To do this, Japan has organized a trade show scheduled in Nairobi, Kenya.
Heads of State are taking part in a special high level engagement with the continent’s private sector and their counterparts from Japan, and also discuss the promotion of structural economic transformation through economic diversification and industrialisation.
Japan-Africa Trade amounted to Dollars 24 billion in 2015 compared to USD 180 billion for China-Africa trade.
Japanese Prime Minister Shinzo Abe, center, speaks during the opening of Tokyo International Conference on African Development (TICAD) at the Kenyatta International Conference Centre in Nairobi, Kenya, Aug. 27, 2016.
“Our struggle for development can not succeed without peace, stability and above all security”, he said.
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In the 2013 TICAD meeting Japan pledged to be investing $32 billion to be spread over a period of five years and 67 percent of the fund has already been investment in various projects. In this respect, Tokyo will cooperate with the African Development Bank (AfDB) to boost private sector investment on the continent struggling with intermittent power outages, dilapidated infrastructure, poor sanitation and grinding poverty.
