4.6 C
New York
Monday, December 11, 2023

Japan Pledges $30bn in Aid For Africa at Summit In Tunisia

Date:

Share post:

Japan has pledged $30 billion in development aid to Africa and said it wants to work more closely with the continent at a time when the “rules-based international order” is under threat following Russia’s invasion of Ukraine.

The eighth Tokyo International Conference on African Development (TICAD8) – as it is officially called – is also taking place as Beijing consolidates its dominance on the continent with its “Belt and Road” infrastructure initiative.

At the summit in Tunisia on Saturday, Japanese Prime Minister Fumio Kishida said Tokyo would work to secure grain supplies to Africa amid global shortages.

“If we abandon a rule-based society and allow unilateral changes to the status quo by force, the impact will extend not just to Africa but the entire world,” Kishida said via video link after testing positive for COVID 19.

Japan

Kishida said Japan’s $30 billion in aid would be delivered over three years and pledged smaller amounts for food security in coordination with the African Development Bank.

Also, read; Australian Mining Company Accuses Chinese Of Stealing Gold Worth Millions And killing African Miners In Ghana

In his opening speech at the conference, Saied urged delegates “to seek together ways for African people to realize the hopes and dreams of the first post-independence generation.”

He praised Japan’s success in “achieving development while preserving its culture and social traditions”.

“The world cannot go on as before. With all its wealth and resources, Africa cannot stand by and see its people living in poverty,” he said.

Saturday’s conference was the first TICAD to be held every three years in Japan or an African country since the start of the COVID-19 pandemic.

Japan Pledges $30bn in Aid For Africa at Summit In Tunisia

In the last TICAD in 2019, former Japanese Prime Minister Shinzo Abe – who was assassinated at a campaign rally last month – warned investors in Africa to avoid burdening countries on the continent with “excessive” debt.

At a joint press conference with his Japanese counterpart on Friday, Tunisian Foreign Minister Othman Jerandi repeatedly emphasized Tunisia’s commitment to democracy, which Saied’s critics have questioned.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Related articles

Kenyan Parliament Bans President William Ruto’s Beloved Kaunda Suit

Kenyan Parliament Implements Ban on Kaunda Suit, President Ruto's Preferred Attire

70-year-old Ugandan Woman Safina Namukwaya Gives Girth to Twins

70-Year-Old Ugandan Safina Namukwaya Woman Accomplishes a Remarkable Feat: Giving Birth to Twins

Top 5 Countries in Southern Africa for Investment Opportunities in 2024

In this comprehensive article, we will explore five countries in Southern Africa that present promising prospects for investment in 2024.

5 Countries in North Africa to Invest Your Money in 2024

In this comprehensive article, we will explore five countries in North Africa that present compelling prospects for investment in 2024.