Japan pledges $30 billion for Africa over next three years

By George Obulutsa

Japan's Prime Minister Shinzo Abe (L) greets Chairperson of the African Union (AU) and Chad's President Idriss Deby as they attend Sixth Tokyo International Conference on African Development (TICAD VI), in Kenya's capital Nairobi, August 27, 2016. REUTERS/Thomas Mukoya - RTX2N8M3
Japan’s Prime Minister Shinzo Abe (L) greets Chairperson of the African Union (AU) and Chad’s President Idriss Deby as they attend Sixth Tokyo International Conference on African Development (TICAD VI), in Kenya’s capital Nairobi, August 27, 2016. REUTERS/Thomas Mukoya – RTX2N8M3

NAIROBI – Japanese Prime Minister Shinzo Abe told African leaders on Saturday that his country will commit $30 billion in public and private support for infrastructure development, education and healthcare expansion in the continent.

Resource-poor Japan has long been interested in tapping Africa’s vast natural resources, even more so since dependence on oil and natural gas imports jumped after the 2011 Fukushima nuclear disaster shut almost all of Japan’s nuclear reactors.

Abe, in the Kenyan capital Nairobi to attend the sixth Tokyo International Conference on African Development (TICAD), said the package would be spread over three years from this year and include $10 billion for infrastructure projects, to be executed through cooperation with the African Development Bank. READ MORE OF THIS STORY

SOURCES: Reuters News Agency

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About Cholo Brooks 14321 Articles
Joel Cholo Brooks is a Liberian journalist who previously worked for several international news outlets including the BBC African Service. He is the CEO of the Global News Network which publishes two local weeklies, The Star and The GNN-Liberia Newspapers. He is a member of the Press Union Of Liberia (PUL) since 1986, and several other international organizations of journalists, and is currently contributing to the South Africa Broadcasting Corporation as Liberia Correspondent.