Kenya Set To Host A Tokyo-led Africa Development Summit This Weekend

The sixth Tokyo International Conference on African Development which is an initiative of Japan, the United Nations, and the African Union will be held in Nairobi, Kenya on 27th and 28th of August.

See Also: SA’s Rand Nosedives After Finance Minister Gets Police Summons

President Uhuru Kenyatta made the announcement of Kenya’s role as host of the conference on Sunday. He made the announcement at a joint news conference with Katsuyuki Kawai, a special adviser to Prime Minister Shinzo Abe, in the Ethiopian capital of Addis Ababa.

The Tokyo International Conference on African Development (TICAD) which got started up in 1993 has been held in Japan every five years since its beginning. This edition will be the first time that it will be held in Africa and at the request of the African Union, TICAD will now be held every three years as opposed to the five years spacing of former years.

Tokyo International Conference on African Development

Kenya’s president has pledged to make every possible effort to ensure the success of the first TICAD to be held on the continent, hopefully, the conference will be worth all the preparations that will go into hosting it. About 10,000 delegates are expected in Nairobi today against for the two-day conference starting Saturday.

See Also: Buhari’s Action-Plan To Improve The Nigerian Economy Demands Emergency Powers

Katsuyuki Kawai speaking on behalf of Prime Minister Shinzo Abe gave the promise that “Japan will walk alongside Africa as we each continue to develop.”

Tokyo’s aim seems to be centred around strengthening relations with each participating African country through TICAD at a time when China is making its presence felt on the continent. The motives are not entirely altruistic considering the fact that Africa is considered the world’s last great growth market.

Tokyo International Conference on African Development

On Africa’s part, the countries involved will be gunning to attract investment from diverse sources — including Japan — in order to foster sustainable growth and combat the effects of a slowdown in the Chinese economy. We will be watching this weekend to see the outcome of these goals.