Japan’s Prime Minister, Shinzo Abe has committed to investing $30 billion in Africa. The money will go into infrastructure, education and healthcare across the continent.
For the agriculture sector to work and provide sustainable food for Africa, massive efforts are needed. Japan is already a key partner in this region of the world, contributing to developing the agriculture sector on the continent.
Sub-Saharan Africa represents a challenge in terms of food, with the largest prevalence of malnourishment in the world today. Approximately one in four people suffer from malnourishment in sub-Saharan Africa.
By 2050, the population of this region will probably exceed two billion. So efforts in eradicating poverty will have to increase. Japan has long been showing interest in Africa’s underground resources, especially after the oil and natural gas imports surged, following the 2011 Fukushima nuclear disaster.
Abe visited Nairobi, the capital of Kenya, where he took part in the sixth Tokyo International Conference on African Development (TICAD). He stated that the investment will take place in three stages, over the course of three years.
The pack will include 10 billion dollars spent on infrastructure projects, in partnership with the African Development Bank. The minister also said he expected that the total amount of the deal to be 30 billion dollars. Abe went on to say that he believes in Africa’s future and that he wants Japan and Africa to grow together.
The speech was held in front of over thirty African heads of state.
Japan invested 1.24 billion dollars in Africa, in 2015. The money was spent on airports, roads, and power plants. To compare, rivaling China made one investment, totaling 2 billion dollars, in Equatorial Guinea- a country rich in oil.
A fraction of Japan’s new investments will go into increasing the electricity capacity by over two thousand megawatts on the African continent. Another portion of the money will go into training mathematics and science teachers across Africa, and 20,000 health experts which will learn to handle infectious diseases.
The president of Chad, who attended the summit, asked Tokyo to help efforts in countering terrorism.
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