Public Management

Africa: Japan pledges $500 mln for peace and stability

Africa: Japan pledges $500 mln for peace and stability
Tuesday, 02 May 2023 17:00

The Japanese leader stressed that peace and stability are prerequisites for economic development and pledged support to Ghana in areas such as infrastructure and human resources development as well as food security.  

Last Monday, Japanese Prime Minister Fumio Kishida (photo) pledged $500 million to promote peace and stability in Africa.

The pledge was made in Accra, the second stop on the African tour launched by Mr. Kishida to strengthen cooperation between the continent and the group of seven most advanced economies in the world (G7), which is currently presided by Japan. 

"Economic growth cannot be achieved without peace and stability," the Japanese leader said at a joint press conference with Ghanaian President Nana Akufo-Addo, pledging to support Sahel countries facing Jihadist threats. 

Mr. Kishida also promised to support Ghana in areas such as infrastructure and human resources development and food security. 

As part of his African tour, the Japanese Prime Minister has already visited Egypt. In addition to Ghana, he is expected to visit Kenya and Mozambique.

At the 8th Tokyo International Conference on African Development (TICAD-8), held in August 2022 in Tunis, Japan announced $30 billion in investment in Africa over three years and the training of more than 300,000 Africans in several fields, to try to counter the influence of China, its powerful rival, in Africa.  

Last December, believing that Africa remains underrepresented in the global bodies despite its growing economic and demographic weight, the Japanese Prime Minister advocated for a permanent seat to the African Union (AU) in the group of the twenty largest economies (G20).

"The admission of the African Union to the G20 is important, given the growing role of African countries in the international community," he said after a meeting with Macky Sall -President of Senegal and current chairman of the African Union- in Tokyo.

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Burkina Faso restructures public funds into four targeted financing mechanisms New funds aim to streamline spending, improve oversight, and reduce...
Zenith Bank explores East African expansion, holds talks with regulators Denies reports of confirmed Paramount Bank acquisition in...
Cameroon backed $44.9M in BDEAC loans to three private firms Treasury guarantees cover 50% of loans for hotel, plant, logistics projects...
State buys back 95 % of ENEO from Actis for CFA78 billion ($137 million) Government plans to refinance ENEO’s CFA800 billion debt and tighten...
Most Read
01

China says Premier Li Qiang will attend instead of President Xi Jinping The U.S. and Russia also ...

South Africa Loses More Support as Xi Jinping Also Skips the G20 Summit
02

DRC minister visited Huawei China center to boost AI training cooperation Talks focused on launch...

DRC, Eyeing AI for Farms and Mines, Seeks to Launch Academy with China’s Huawei
03

Powered exclusively by Rolls-Royce Trent 7000, delivering 14 % lower fuel burn per seat and f...

Airbus Delivers First of Ten Rolls-Royce Trent 7000-Powered A330-900neo to Air Algérie
04

Nigeria’s NIP ranks among the world’s largest real-time payment platforms, underscoring its centra...

Africa’s Real-Time Payments Acceleration Signals a New Era of Competition and Integration
05

After two years of limited testing, WhatsApp will soon let users and businesses hide their phone num...

WhatsApp to Launch Usernames in 2026, Changing How Customers Reach Businesses
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.