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Home Finance

Japan to pledge around US$30B in African aid at conference – Sankei

FurtherAfrica by FurtherAfrica
August 29, 2022
in Africa, Finance
Reading Time: 1 min read
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Japan is set to promise some $30 billion in aid for African development at a conference to be held in Tunisia this weekend, the Sankei Shimbun daily reported last week.

The aid, which will centre around developing human resources in order to promote economic growth, will be announced at the Tokyo International Conference on African Development (TICAD) by Prime Minister Fumio Kishida, who will be taking part in the conference online since he is recovering from COVID-19, the paper added.

Also read: Netflix Scholarships for Africa are now open

The government was not immediately available for comment on the report.

Other topics will include food security for African in the wake of Russia’s invasion of Ukraine as well as climate change and the promotion of environmentally friendly businesses, a Japanese foreign ministry official said on Wednesday.

The eighth TICAD is the first since 2019 and only the second held in Africa. It is co-hosted with the United Nations, the World Bank and the African Union Commission.

Also read: Petronas mulls divestment of African upstream assets for US$3B

Foreign Minister Yoshimasa Hayashi will be attending the conference and is set to meet with his Tunisian counterpart on Friday ahead of the main conference.

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Source: Reuters
Tags: africaAfrican aidAfrican developmentAfrican Union CommissionbusinessesFumio KishidajapanJapan to pledge around US$30B in African aid at conference - SankeiSankei ShimbunTICADTokyo International Conference on African DevelopmentYoshimasa Hayashiафрикаأفريقياアフリカ非洲
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