Prime Minister Shinzo Abe has announced the funding of a $32 Billion investment to Africa. Abe included $14 billion aid for the country's official development and $6.5 billion more to support additional infrastructure construction. This was all stated by Japan's head of State during the opening of the Tokyo International Conference on African Development.
After the March 2011 incident, Fukushima's nuclear blow had closed almost all the country's nuclear reactors. This has caused Japan to keep a close watch on Africa, as it is known to hold a wider source of natural resources. The resouces include oil and gas imports to which the country is known to buy.
Last 2011, Japan had made bigger direct investments that reach a heavy $460 million in total. This was lower compared to China's investment that reached $3.17 billion. This was according to the government data provided by China and Japan's External Trade Organization.
The 3-day conference was held in Yokohama and was attended by 50 African leaders. Other issues discussed in the agenda were economic development and peace-making plans.
Read more: Africa's stunning growth doesn't come cheap
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