Browsing: United Nations Industrial Development Organization

Japan will invest US$30 billion in Africa’s public and private sectors over the next 3 years.

This was revealed during the 8th Tokyo International Conference on African Development (TICAD8) held in Tunisia.

Some of the key sectors that will benefit from this funding include agriculture in the pursuit of addressing food security and communication infrastructure on the continent. In addition, investing in the health sector in Africa is also a priority since healthcare has had to contend with myriad challenges.

The sector offers several investment opportunities, including pharmaceuticals, healthcare services and training.

While opening the event, Japanese Prime Minister Fumio Kishida said that his country would support start-ups, social enterprises and green investments in Africa.

In addition, Japan will be training human resources over the 3-year period to empower businesses falling under the qualifying categories.

Japanese Foreign Minister Yoshimasa Hayashi said his government had already approved US$100 million …