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Japanese Government to give 32 billion for African sectors

By Moses Sonkarlay
Japan Prime Minister, Shinzo Abe  and  the Liberian Leader, President Ellen Johnson Sirleaf
Japan Prime Minister, Shinzo Abe and the Liberian Leader, President Ellen Johnson Sirleaf

(mylbsonline/Liberia)-The Government of Japan has promised to provide up to 3.2 trillion yen ($32 billion) to be used as assistance to help in Africa’s public and private sectors for five years.

In his keynote speech for the 5th Tokyo International Conference on African Development, Japan Prime Minister Shinzo Abe said: “What Africa needs are private-sector investments and public-private cooperation”.

He said the package will include official development assistance worth 1.4 trillion yen, mainly directed toward infrastructure development.

Abe, who chairs the conference, asked African leaders to join forces for development of the global economy, calling Japan and Africa "co-managers," much more than "good partners."

He promised to visit the continent as soon as possible.

Prime Minister Abe also unveiled the Abe Initiative, which will bring 1,000 talented African youths to Japan to study at university and work as company interns.

The initiative is part of an industrial human resources development program targeting 30,000 Africans.

About 51 African nations including Liberia are represented at the conference, with 39 top government leaders taking part.
Liberia’s President Ellen Johnson Sirleaf, who is attending the meeting, is expected to meet several investors.

On Friday May 31, 2013,   Prime Minister Abe and President Sirleeaf held bilateral meeting ahead of the Tokyo conference. Details of the meeting were not disclosed. 

 


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