With eye on China, Japan urges 'affordable' Africa investment

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YOKOHAMA - Japanese and African leaders Friday stressed the importance of "affordable" investment in the continent, in an apparent swipe at China whose Belt and Road policy has been accused of saddlin

YOKOHAMA - Japanese and African leaders Friday stressed the importance of "affordable" investment in the continent, in an apparent swipe at China whose Belt and Road policy has been accused of saddling poor countries with debt.

On Thursday, Japanese Prime Minister Shinzo Abe made a thinly veiled dig at Beijing's policy, which has come under fire for loading African countries with debt. "It should be pointed out that African leaders have said many times that there was never a lack of international conferences and promises of aid to Africa, but the key lies in action and implementation," noted Geng late Thursday.

The emphasis at the meeting has also been placed on private investment rather than state development funding.

 

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