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
MTN Zambia launched a Mastercard-powered virtual card enabling secure global online payments for unbanked users via the MoMo app The initiative...
Sector revenue rose 6.2% after a contraction in the previous quarter International transfers led growth, especially flows outside CEMAC User...
The International Monetary Fund (IMF) said its Executive Board has approved the immediate disbursement of $442.4 million to the Democratic Republic...
Five-year reserve-based facility signed in Abuja on December 20 Funding combines debt refinancing with new capital for upstream growth Output...
Most Read
01

Fruitful partners with Elsewedy unit to launch processing project in Egypt New facility wil...

Egypt attracts Polish Fruitful investment in horticultural processing
02

In Africa, the transformation of food systems has become an urgent issue in the face of rapid popula...

AGRA’s Lilial Githinji “Leadership capacity remains the missing ingredient in Africa’s food systems transformation”
03

Airtel Africa signed a partnership with SpaceX to launch Starlink Direct-to-Cell satellite connect...

Airtel Africa Partners With SpaceX to Roll Out Starlink Direct-to-Cell
04

BOAD approves $35.7 million to upgrade Burkina Faso–Mali border road Project targets 130 km,...

Burkina Faso Secures BOAD’s $35.7 Million for Road to Mali
05

Fitch lowered Gabon’s sovereign rating to CCC- amid rising fiscal stress Payment arrears reac...

Fitch downgrades Gabon to CCC- as liquidity strains deepen
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.