African Union - Japan : Ticad must "take consistent action" on the African continent
The President of the Republic of Djibouti, His Excellency Mr. Ismaïl Omar Guelleh, traveled to Japan to participate in the Tokyo International Conference on African Development (Ticad) which will be held from August 28 to 30, 2019 in Yokohama. The President, who has received a high-level welcome, heads a strong delegation composed, among others, of Ministers of Foreign Affairs and International Cooperation, Mr. Mahamoud Ali Youssouf; of Economy and Finance, Mr. Ilyas Moussa Dawaleh and the Ambassador of the Republic of Djibouti to Ethiopia, HE Mr. Mohamed Idriss Farah; as well as Djiboutian businessmen.
Ticad, co-organized with the UN, the World Bank and the African Union since 1993, should allow, according to Japanese officials, to "take a consistent action" on the African continent. Dozens of Heads of State participate in this conference.
On a continent rich in natural resources and growing, Japan is launching an offensive strategy to try to strengthen its cooperation and the presence of its companies in Africa.
On the sidelines of the official meetings, more than 150 Japanese companies have invested to hold an exhibition and ensure the best promotion.
Mr. Sawaka Takazaki, Deputy Director of the Middle East and Africa Division of the Japan Public Trade Promotion Agency (Jetro), announced that Ticad is a good opportunity for Japan to send a message on "its practical and well planned loans ". Tokyo is expected to announce this week a loan of 400 billion yen (3.4 billion euros) to finance renewable energy.
The Japanese state and the African Development Bank are also expected to jointly announce projects worth more than 300 billion yen for "transparent and quality" infrastructure, according to the Japanese news agency "Nikkei".
The Republic of Djibouti, which maintains excellent relations with Japan, will seek to improve its cooperation and attract investors for important development projects such as geothermal energy.