By Regina Manyara
Japan’s Prime Minister Shinzo Abe has challenged Africa’s private sector to leverage on his country’s willingness to increase its Africa investment portfolio.
Speaking at the last day of the TICAD forum in Nairobi Abe who has pledged 3 trillion shillings to assist in the development of Infrastructure, Health, Agriculture among other sectors in the continents said his county was taking Africa as a partner in its development agenda.
Abe said the funds will partly be channeled through the African Development Bank that has been instrumental in financing key development projects in the continent.
Abe further challenged Africa’s private sector to capitalize of Japan’s willingness to invest in the continent by tapping its advanced technology to boost agribusiness, infrastructure, improve education systems and healthcare.
The Kenya Private Sector Alliance has welcomed the move saying it will go a long way in supporting economic growth and availing the much needed funds.
Africa was also challenged to deepen intra Africa trade leveraging on individual country’s strength.
Put of the pledge will be used to training 20,000 mathematics and science teachers throughout Africa, as well as 20,000 experts on how to handle infectious diseases.