Foreign

African Leaders To Collaborate With Japan To Enhance Private Sector Participation In Socio-Economic Development

African leaders have agreed with Japan to enhance the role of the private sector in development on the continent through increased private investment, entrepreneurship, public-private partnership and financing among others.

Japan for its part pledged to shift towards more foreign direct investment rather than aid, promising that its private sector will invest about $30 billion in Africa.

The agreement was reached at the 6th Tokyo International Conference on African Development, TICAD, in Nairobi Kenya.

President Mahama who joined other world leaders at the summit, early on made a strong case for investment rather than aid in one of the plenary sessions.

In an interview after the Summit, the President spoke about the summit conclusions, issues of concern to Ghana, Japan’s support as well as his assessment of the rush to Africa by Japan, China, India, Brazil and others.

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