Tunis hosts Japan-Africa investment conference

Attendees walk outside the Congress Palace, hosting the eighth Tokyo International Conference on African Development , ahead of its opening in Tunisia's capital Tunis on August 27, 2022TUNIS - Japan opens an African investment conference in Tunisia on Saturday, seeking to counter the influence of rival China which has steadily grown its economic imprint on the continent.

The eighth Tokyo International Conference on African Development also comes as Beijing cements its influence on the continent with its"Belt and Road" infrastructure initiative. Since 1993, TICAD conferences backed by the United Nations and other international agencies have generated 26 development projects in 20 African countries.The conference will focus on three pillars: economy; society; and peace and stability.

Japanese economic paper Nikkei reported that aid to Africa could increase by 40 percent over the next three years, in response to other powers that have boosted their presence on the continent. The conference has sparked anger among Tunisians as major road closures threatened traffic disruptions in the capital.

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Japan to pledge around $30 bln in African aid at conference - Sankei - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Japan is set to promise some $30 billion in aid for African development at a conference to be held in Tunisia this weekend, the Sankei Shimbun daily reported on Friday. The worst thing I hate about this is all these single countries trying to help the entire continent! Throwing money NEVER solves the problem! YOU remove colonial tax, nonsensical debt incurred due to high interest rate! Trade restrictions stifle growth and foreign looting Promise is the same as pledge and we know from Amber what that means. Group of looters.
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