- Speaking virtually Saturday to a conference in Tunis focused on Japanese investment in Africa’s development, Japanese Prime Minister Fumio Kishida pledged $30 billion (€30.1 billion) over three years in an apparent effort to counter China’s rising influence on the continent.
- Amid a “complex” geopolitical environment, Japan pledged the money as Africa bears the brunt of the disruptions caused to the global supply chain and inflationary prices.
- Of the funds, $300 million will co-finance the African Development Bank to boost food production as global supplies of grain and wheat fall well short of demand due to the war in Ukraine.
Japan vows billions for Africa amid rising Chinese influence 27.08.2022
