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Japan Pledges $30bn To Africa

The Japan Prime Minister, Shinzo Abe, has told African leaders that his country will commit $30 billion into public and private support, for infrastructure development … Continue reading Japan Pledges $30bn To Africa


japan prime ministerThe Japan Prime Minister, Shinzo Abe, has told African leaders that his country will commit $30 billion into public and private support, for infrastructure development on the continent.

He explained that the package would be spread over three years from 2016, which includes $10 billion for infrastructure projects on the continent, to be executed through cooperation with the African Development Bank (ADB).

Mr Abe made this known at the Kenyan capital Nairobi, where he is attending the sixth Tokyo International Conference on African Development (TICAD),

The $30 billion announced, is in addition to $32 billion that Japan pledged to Africa over a five-year period at the last TICAD meeting in 2013