The ongoing TICAD summit has already seen vital deals reached and pledges made that are meant to guarantee a stable future for African countries and boost its yearly growth as a continent.
Japan Prime Minister has already laid out a plan that is meant to bolster Africa’s development, by pledging $ 30 billion to Africa within the next three years. This is meant to cater for the education sector, infrastructure development and to guarantee a stable healthcare sector.
“When combined with the investment from the private sector, I expect the total amount to be $ 30 billion,” said Abe at the opening session at TICAD VI in Nairobi. This is total is just the summary of the total inflow of financial support, breaking it down a little bit, Japan pledged $ 10 billion for infrastructure and $ 500 million for healthcare, in what is a massive boost for Africa and a big investment for Japan, who maybe are looking to have the same influence in Africa as their illustrious neighbors, China.
Given that Africa’s development has taken centre stage not only during the TICAD summit but also through the years as the continent embraces new trend in globalization, Kenya’s President Uhuru Kenyatta was keen to note the ‘power forces’ who are trying to undermine the continent’s ambition in the sectors of trade and security by somewhat undermining the global system of multi-lateral agreement on the aforementioned sectors.
“There is now a trend among many countries to turn toward more isolationist or grossly unfair positions on trade,” he said. He said TICAD is a positive response to the trend and is a platform for Africa to achieve its development goals.
The TICAD VI summit is the second summit that covers massive global perspective to be hosted in Nairobi, Kenya in recent months, after the UNCTAD summit, and will definitely provide a great platform for Africa in terms of setting and launching development goals.
