Tokyo International Conference on African Development, or TICAD, held in Yokohama from the first to the third of June. Japanese Prime Minister Shinzo Abe said Japan will provide assistance for the development of the continent's total cost of approximately $ 32 billion from government and private sources for five years.
In today's column LOOK we talk with a representative of the Ministry of Foreign Affairs of Japan, Yoshifumi Okamura, who was responsible for organizing the conference, the results of completed activities and prospects for the future.
According to Okamura, in the past ten years, Africa's economy is growing at the fastest rate in the world. And we are already seeing tangible confirmation of that growth. Asia has become a strong economic zone and Africa is going down the same path.
Africa has the advantage of abundant natural resources. At the conference, heads of leading Japanese companies had an opportunity to meet with senior government and other officials from the countries of Africa. In this regard, the conference provided a fantastic opportunity.
Okamura added that the main problem is that the infrastructure on the continent is very poorly developed. Japan has already promised to six and a half billion dollars from public funds such as ODA, to improve infrastructure. With regard to human resources, the plan for the near future - to train 30,000 people work in various industries and to open learning centers in ten regions of Africa.
There is also some concern in terms of legal constraints and system management. In the case of mismanagement, the result can be corruption. African countries have yourself to deal with these problems and solve them in order to create a favorable investment climate.