Tokyo International Conference on African Development: Japan announces $30 billion in aid

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Tokyo International Conference on African Development: Japan announces $30 billion in aid

Tokyo International Conference on African Development: Japan announces $30 billion in aid

Tokyo International Conference on African Development: Japan announces $30 billion in aid

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Japanese Prime Minister Fumio Kishida announced $30 billion in aid over the next three years to promote development in Africa.

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The pledge comes at a meeting of Japanese-African investment in Tunisia on Saturday to counter the influence of rival China, which has steadily expanded its economic presence on the continent.

The eighth summit of the Tokyo International Conference on African Development (TICAD-8) also comes as Beijing is working to increase its influence on the African continent through its Belt and Road Infrastructure Initiative.
About 30 heads of state and government are expected to attend the summit in the capital as the country faces a deepening economic crisis.
In a speech, Kishida stressed that Japan would grow with Africa, in stark contrast to China's approach, which critics see as a burden on debt-poor countries.

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