TICAD vows quality investment in Africa to create jobs

posted on August 29, 2016

Japanese and African leaders agreed at a two-day conference that ended Sunday to promote investment in "quality infrastructure" in Africa to create jobs and technology transfers, thereby contributing to economic growth in the region.

We will promote investment in quality infrastructure which leads to job creation and transfer of expertise and know-how, as well as to capacity building of African countries and people," the leaders said in a joint statement, entitled Nairobi Declaration, wrapping up the two-day summit of the Sixth Tokyo International Conference on African Development, or TICAD VI, in the Kenyan capital of Nairobi.

In the declaration, the leaders called Africa "a significant player in the global economy."

At a news conference after the adoption of the declaration, Japanese Prime Minister Shinzo Abe highlighted his commitment to implementing public and private investment in Africa totaling 300 billion dollars over three years. He unveiled the investment plan in a speech on Saturday.

source by jiji
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