Sunday, 28 August 2016 - 13:27
Japan pledges $30 billion for Africa over next three years
Japan's Prime Minister Shinzo Abe told African leaders that his country will commit 30 billion dollars in public and private support for infrastructure development on the continent.
Resource-poor Japan has long been interested in tapping Africa's vast natural resources, even more so since dependence on oil and natural gas imports jumped after the 2011 Fukushima nuclear disaster shut almost all of Japan's nuclear reactors.
Abe, in the Kenyan capital Nairobi to attend the sixth Tokyo International Conference on African Development , said the package would be spread over three years from this year and include 10 billion dollars for infrastructure projects on the continent, to be executed through cooperation with the African Development Bank.