Japan is seeking to
diversify the range of its trade partners in Africa and encouraging SMEs and
startups to invest in the continent. Tokyo is encouraging the expansion of
Japanese SMEs and startups in Africa and the number of big Japanese firms
investing in Africa is also increasing.
In 2019, Japanese Prime Minister Shinzo
Abe spoke at the opening of the seventh Tokyo International Conference on
African Development, known as TICAD, a multilateral event that holds every
three years, and on this occasion staged in the port city of Yokohama. He told
African leaders gathered for the summit that his government was determined to
step up its engagement with the continent.
Japan-Africa Economic and Investment Forum is a mega
business development programme, that will providing opportunities for Governments
of different nations, business men and women from different sectors of the
economy to plan the way out of the economic setback caused by the COVID 19
pandemic.
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