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2h ago

Japan Launches TICAD 9 With Indian Ocean–Africa Economic Zone Plan

Tokyo pairs the plan with AfDB-linked loans up to $5.5 billion alongside training for 30,000 AI specialists.

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Kenya's President William Ruto (R) is among the African leaders attending a development conference hosted by Japanese Prime Minister Shigeru Ishiba

Overview

  • The three-day summit in Yokohama runs Aug. 20–22 with a focus on the economy, peace and stability, health, climate change and education.
  • The initiative aims to draw investment into Africa from Japanese companies operating in India and the Middle East.
  • Leaders from about 50 African countries joined the meeting, including Bola Tinubu, Cyril Ramaphosa and William Ruto, with UN Secretary-General António Guterres also attending.
  • Participants are expected to adopt a Yokohama declaration on Friday, after which Prime Minister Shigeru Ishiba plans to announce the outcome at a news conference.
  • Japan casts itself as a dependable partner to Africa as governments contend with mounting debt burdens and reduced Western aid flows.