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Significance
Attended by 21 African heads of state and representatives from 48 African nations, the summit aimed to lay out a framework for Japan-Africa relations for the next three years. Prime Minister Fumio Kishida pledged USD30bn in public and private funds for development over this period -- a USD10bn increase from the previous TICAD.
Impacts
A new USD4bn ‘Green Growth’ fund supporting renewable projects and decarbonisation will deepen cooperation in an ever-more significant area.
Japanese firms will likely increase their engagement in infrastructure and green development but manufacturing investments may lag behind.
Japan has sought to position itself as a global health leader and new commitments in the sector will increase its footprint in Africa.
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2022
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