Japan’s expansion in the continent isn’t a cause for concern, He said, who thinks that companies from the two countries both have their own strong points.
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“As Dahabshiil, we know the importance of partnerships since we operate across the continent, as well as in Europe, North America and the Middle East and have traded with Japanese companies”, Duale said.
Japan will invest $30bn in Africa over the next three years, Prime Minister Shinzo Abe has pledged at a summit in Kenya. The prime minister resolved to work toward investment and tax treaties with African nations to open the path for more Japanese businesses, while asking African leaders to develop a safe business environment and ease regulation to eliminate excessive market barriers.
“In order to develop Africa’s investment climate, Japan will promote high-quality investment agreements in Africa more actively than ever before”, said PM Abe.
Adesina stated that during the conference, President Buhari would participate in plenary sessions in alignment with African Development, the Dialogue with the Private Sector, as well as the Global Launch of the Second Africa Human Development Report.
Andrew Jones, head of Linklaters’ Africa unit, told Bloomberg TV in 2015 that Japan “has a much quieter and below-the-radar approach, less headline-grabbing than Chinese investment”.
Abe jetted in the country in the evening of Thursday, August 25, and is scheduled to grace the Japan’s African development conference (TICAD), one that will be held on Saturday through Sunday 28th.
Messahel informed the Kenyan President on the progress of the preparations for the holding, next November in Nairobi, of the first Algerian-Kenyan Joint Commission. The summit is now held every three years. “Let us advance together, Africa and Japan, sharing a common vision”, Abe said.
A Chinese Foreign Ministry spokesperson said Monday that Japan wanted to sell its own intentions to African countries and had attempted to sow discord between China and Africa.
Officials say the Japanese premier will use the two-day gathering to unveil aid and investment projects, including those related to healthcare.
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Targeted areas under the new deal is a boosting power production across the continent by 2,200 megawatts, training of 20,000 Mathematics and Science teachers and skill-transfer to 20,000 experts to help them tackle infectious diseases that hit the continent, Reuters reported.
