logo
Japan PM to propose economic zone initiative for Africa amid China's clout

Japan PM to propose economic zone initiative for Africa amid China's clout

The Mainichi6 hours ago
YOKOHAMA (Kyodo) -- Japanese Prime Minister Shigeru Ishiba is set to propose an "economic zone" encompassing the Indian Ocean region and Africa during a major aid conference for African nations on Wednesday, seeking to tap into the economic potential of a continent where China is increasing its clout.
In a speech to open the three-day Tokyo International Conference on African Development, the ninth of its kind, Ishiba will also announce the launch of a framework to be joined by governments, industries and academia to promote free trade in Africa and vow to support human resources development in artificial intelligence, according to government sources.
Leaders and representatives from about 50 African nations and officials from international organizations will gather in the port city of Yokohama near Tokyo to focus on three agendas -- peace and stability, economic issues, and social issues such as health, climate change and youth exchanges, according to Japanese officials.
Under the proposed "Indian Ocean and Africa economic zone initiative," Japanese firms, which already have footholds in India and the Middle East, are expected to work together to expand trade and investment in Africa, the sources said.
On human resource development, Japan will pledge to cultivate 30,000 AI experts over the next three years to promote industrial digitalization and job creation, they said.
An outcome document dubbed the "Yokohama Declaration" is expected to be adopted on the final day, while Ishiba and Angolan President Joao Lourenco will attend a joint press conference as the meeting's co-chairs.
TICAD is a Japan-hosted international aid conference that dates back to 1993 and was last held in Tunisia in 2022. China has also been holding a forum on African cooperation since 2000 and has been increasing involvement in the resource-rich continent, including through its Belt and Road infrastructure projects.
The event is also taking place as U.S. President Donald Trump's tariffs as well as his policy to dismantle America's foreign-aid program casts a shadow over the African economy.
Ishiba, who took office in October, is scheduled to hold a series of bilateral summits with his African counterparts on the fringes of the international conference.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Ishiba announces initiatives to develop trade, investment in Africa
Ishiba announces initiatives to develop trade, investment in Africa

Asahi Shimbun

time4 minutes ago

  • Asahi Shimbun

Ishiba announces initiatives to develop trade, investment in Africa

Prime Minister Shigeru Ishiba speaks at an event Aug. 20 in Yokohama ahead of the official start of the Ninth Tokyo International Conference on African Development. (Pool) YOKOHAMA—Prime Minister Shigeru Ishiba announced several initiatives Aug. 20 to encourage Japanese companies to move into the African market. He spoke at an event related to the Ninth Tokyo International Conference on African Development (TICAD 9), which began in the afternoon. Ishiba announced the Indian Ocean-Africa economic zone initiative to contribute to the development of a huge area from west of the Indian Ocean and covering the African continent. 'Under this initiative, we will further link Africa with the nations in the Indian Ocean region and support efforts in Africa for regional integration and industrial development so that further growth can be achieved,' Ishiba said. The initiative intends to establish an environment to allow for further investment and trade in Africa by Japanese companies. With an increase in Japanese companies exporting to Africa from manufacturing bases in India and the Middle East, the government also plans to utilize official development assistance to set up a distribution network linking African nations as well as the continent with countries outside the region. The government also plans to establish an organ to match Japanese companies with those from other nations to allow for greater moves into the African market. Under a broader plan to create a free and open Indo-Pacific (FOIP) region, the government is seeking to achieve an international order based on rules for the area from Asia to Africa. The latest initiative announced by Ishiba is one part toward the creation of a FOIP as well as to strengthen ties with the Global South group of newly emerging and developing nations. Another initiative announced by Ishiba was a proposal to use ODA to help cultivate the Nacala Corridor development project to link copper mining nations in the African interior with ports on the African east coast. 'This will not only promote African regional integration, but also strengthen the links between Indian Ocean nations and Africa,' Ishiba said. One aim of the initiative is to also bolster Japan's supply chain for important minerals. Forty-nine of the 54 African nations are expected to take part in TICAD 9, which continues until Aug. 22. Japanese companies and organizations are expected to sign about 300 memorandums of understanding regarding cooperative projects with Africa.

White House launches TikTok account amid easing tensions with China
White House launches TikTok account amid easing tensions with China

The Mainichi

time34 minutes ago

  • The Mainichi

White House launches TikTok account amid easing tensions with China

WASHINGTON (Kyodo) -- The White House on Tuesday launched an official TikTok account despite U.S. lawmakers deciding the popular short-form video-sharing app owned by a Chinese company is a national security concern. The launch, seemingly aimed at helping President Donald Trump reach wider and younger audiences, comes amid easing tensions with China and less than a month before a deadline requiring TikTok's Chinese owner ByteDance Ltd. to sell the app or face a federal ban. In April 2024, Trump's predecessor Joe Biden signed a federal law requiring ByteDance to sell the U.S. version of TikTok or face a nationwide ban on national security grounds following its passage with bipartisan congressional support. The ban was supposed to have taken effect in January, but Trump has repeatedly pushed back the deadline since taking office the same month, offering more time for the Chinese company to find a Washinton-approved buyer. In June, Trump signed an executive order for the most recent extension, which ends on Sept. 17.

AFRICAN DEVELOPMENT SPECIAL / TICAD 9 in Yokohama, Japan, to Highlight Shift from Aid to Investment in Africa as Region Sees Surge in Interest
AFRICAN DEVELOPMENT SPECIAL / TICAD 9 in Yokohama, Japan, to Highlight Shift from Aid to Investment in Africa as Region Sees Surge in Interest

Yomiuri Shimbun

time34 minutes ago

  • Yomiuri Shimbun

AFRICAN DEVELOPMENT SPECIAL / TICAD 9 in Yokohama, Japan, to Highlight Shift from Aid to Investment in Africa as Region Sees Surge in Interest

The Ninth Tokyo International Conference on African Development (TICAD 9), a summit-level meeting to discuss how to assist Africa with its development, is being held from Wednesday to Friday in Yokohama. Economic growth is expected to continue in Africa, which has an energetic young population, and the region's huge market potential is attracting attention across the world. The conference is also an important occasion for Japan to build and deepen its relationships with countries on the continent. Potential The engine of Africa's economic growth is thought to be its population, which is expected to continue growing through the end of the century, and the fact that it is young. According to the United Nations, Africa's population, which was about 1.46 billion in 2023, is predicted to surpass 2.4 billion in 2050, which would account for a quarter of the planet's people. The median age in Africa is on track to be 24.4 years old in 2050. In 2100, when Africa's population is projected to reach about 3.8 billion, the median age is predicted to be 35.1. That is more than 10 years younger than the 2100 projected median age of 47.8 in India, the country with the largest population currently. Interest and money from all over the world are being concentrated in Africa's markets. In 2024, total direct investments into Africa hit a record high of about $97 billion (about ¥14.2 trillion). Meanwhile, economic growth in the region this year is estimated to be 3.7%, according to the United Nations, one percentage point higher than the worldwide average. Japanese companies are also stepping up their advance into African markets. In 2015, Japanese or Japanese-funded companies had 687 sites in 38 African countries. By 2024, the number of sites had grown to 948 in 40 countries, an increase of 40% in 10 years. Some of the companies are making their presence increasingly felt by working to resolve social problems in Africa. Their projects innclude utilizing drones and AI in the fight against malaria and supplying electricity to areas off the grid. Major blow The main agenda of the TICAD is shifting from providing Africa with grants-in-aid and other assistance to helping with business development and investing in the private sector. This shift 'from aid to investment' is becoming increasingly clear. This year, the U.S. administration of President Donald Trump dissolved the U.S. Agency for International Development (USAID), which had contributed greatly to dealing with issues in Africa such as AIDS and poverty. The agency's projects were discontinued in July, dealing a major blow to recipient African countries. Taking advantage of the U.S. exit, China, which has continuously been providing African countries with huge loans, announced in June that tariffs on imports from 53 African countries would be set to zero. Likewise, countries such as Russia and India are aiming to deepen their ties with nations on the continent. With competition among countries intensifying, Japan's method of engaging with Africa will be tested. According to Kei Yoshizawa, senior adviser of the Africa Department of the Japan International Cooperation Agency (JICA), adverse effects from the dissolution of USAID cannot be avoided. However, he also said that U.S. aid to other countries is a type of thoughtless spending. 'Japan has continued to provide aid that encourages people to help themselves, and some efforts have resulted in new businesses being created,' he said. 'Continuing the conventional style of aid, which other countries have not been able to keep up, should be something that contributes to Japan's national interests.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store