Aid for Africa

2008-06-02 00:00

Japan largely in response to rival China’s dramatic new investment splurge in Africa, last week announced it would double aid to poor African countries by 2012, as part of a new drive to shed its stingy image on the continent.

Fukuda said Japan will aim to double investment from the country’s private sector to Africa. Before last week’s initiative, Japan’s collective development aid to Africa amounted to $1 billion a year. Japan’s net official development assistance to developing countries has plummeted in the same way that other industrial countries’ aid has in the past decade. publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

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