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Japan would increase ODA to Africa
By African Bulletin on May 3, 2010
The Japanese Minister of Foreign Affairs Katsuya Okada declared that Japan will strengthen support for Africa and increase its official development assistance. Okada made the comment at a ministerial meeting to discuss Japan’s aid to Africa.Forty-four ministers from African nations gathered for the second Tokyo International Conference on African Development, or TICAD, which opened in the northern Tanzanian city of Arusha on Sunday.
Okada, who co-chaired the 2-day meeting, said in a speech that Japan can achieve the goal it set at the TICAD VI summit in the Japanese port city of Yokohama 2 years ago.
Japan made a pledge to double its official development assistance to Africa and to increase the amount to 1.8 billion dollars a year by 2012.
Okada said Africa has abundant natural resources and a huge market with a population of 900 million.
He also said that Japan will help African countries to set up infrastructure such as roads and ports so they can further promote cross-border trade.
Africa’s economic growth is expected to reach an annual rate of nearly 5 percent this year.
Companies from China as well as the United States and Europe are competing for Africa’s rare metals and other natural resources.