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Japan pledges $32 billion aid to Africa
Japan is wooing African nations, promising 3
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apan is wooing African nations, promising 3.2 trillion yen ($32 billion) as government and private-sector aid to foster growth in a region that is increasingly an appealing market and business partner.
The package for the next five years, including 1.4 trillion yen ($14 billion) in government aid called ODA, or official development assistance, was announced at a three-day conference in Yokohama, near Tokyo, opening Saturday.
Japan is eager to catch up with neighboring Asian rival China, which has a big head start in courting Africa, investing heavily in infrastructure projects.
Prime Minister Shinzo Abe, who took office late last year, is bullish about investing in and exporting to Africa.
"What Africa needs now is private sector investment," he said in his opening speech, in between meetings with officials from African nations, including Zimbabwe, Ghana, Sudan and Kenya.
"If we recognize this as a new reality, then it will be necessary to revolutionize the way of providing assistance to Africa," he said.
Among other measures, Tokyo will invite 1,000 people from Africa to study and work as interns at Japanese companies, according to the Foreign Ministry.
Japan will also provide 650 billion yen ($6.5 billion) in assistance for infrastructure projects, including support for transportation in cities, it said. Aid for education, farming, energy projects and water sanitation is also being offered.
