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Sunday, August 28, 2022

Japan pledges N420bn to boost African development - ITREALMS

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The Japanese government has pledged $30 billion, about N420 billion, in aid for development in Africa on Saturday, saying it wants to work more closely with the continent, with the rules-based international order under threat after Russia's invasion of Ukraine, reports 
ITREALMS.
Prime Minister Fumio Kishida
Speaking at the Japan-Africa summit in Tunisia at the weekend, the Prime Minister Fumio Kishida said Tokyo would work to ensure grain shipments to Africa amid a global shortage.
"If we give up on a rules-based society and permit unilateral changes of the status quo by force, the impact of that will extend not only through Africa, but all the world," Kishida said by videolink after testing positive for COVID-19.

Also, Reuters quoted Kishida as saying that the $30 billion would be delivered over three years, promising smaller sums for food security in coordination with the African Development Bank.

Additionally, the Tunisia's state news agency cited Japanese Foreign Minister Yoshimasa Hayashi as saying Japan was granting Tunisia $100 million to help mitigate the impact of the pandemic.


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