At the opening of TICAD IX in Yokohama, Prime Minister Shigeru Ishiba floated a bold economic plan—the "Indian Ocean–Africa Economic Zone Initiative"—designed to weave together Africa’s growth aspirations with regions bordering the Indian Ocean. This initiative brings together public institutions, businesses, and universities to help dismantle trade barriers and foster investment across the continent.
A standout feature of Ishiba’s vision is its focus on people. He promised to nurture 30,000 AI professionals across African universities in the coming three years, and advocated for cooperation to standardize trade rules under the African Continental Free Trade Area. Additionally, he called for modernizing logistics—from ports to supply chains—to secure essential minerals.
Financial backing comes in the form of up to $5.5 billion in loans, provided jointly with the African Development Bank. Ishiba’s message was clear: Japanese firms established in India and the Middle East are encouraged to expand into African markets, blending technology and industry with local opportunity.
Kenya's participation in the economic dialogue was marked by its signature under a new yen-denominated loan, supported by Japanese insurance. The loan aligns with the country's robust growth outlook—projected at 5.6% in 2025—underlining a shared commitment to offset global economic challenges through partnership and innovation.
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