The Nairobi Declaration has been adopted by the Heads of States who have attended the 6th Tokyo International Conference on African Development in Nairobi, Kenya. The deal focuses on essential aspects of the society and African growth as a whole, which include economic transformation through economic diversification and industrialization, promoting resilient health systems for quality of life and promoting social stability for shared prosperity in conjunction with the government of Japan.
The Heads of States also were in agreement when it came to improving infrastructure to create a business environment that creates wealth and jobs. The development of Africa as a whole is essential, and nothing is more vital than infrastructure development. Business and the ease of doing business is a vital step in ensuring the development of Africa and its economic sustainability is assured, and President Kenyatta noted the improvement that has been experienced in African countries in terms of business opportunities and ease of doing business. “The regulatory reforms undertaken by African countries as captured in the world Bank’s ease of doing business report (2016) shows remarkable improvement in most of the countries in the region,” the President said when he opened a high-level session focusing on the role of the private sector in development. Private businesses stand to benefit greatly from the TICAD VI, as African leaders affirmed their commitment to create a stable platform for private businesses to thrive.
Japan Prime Minister Shinzo Abe affirmed that one of the biggest outcomes of the TICAD summit was the recognition of the importance of the private sector to development and growth. With the Nairobi Declaration, a lot is expected to be achieved in the coming years, with the private sector and other sectors meant to benefit, and like the Nairobi Consensus at the UNCTAD in Kenya focuses on the welfare of the country and continent