CGD in the News

Japan to Transform Africa Aid into Investment (Deutsche Welle)

June 09, 2013

CGD’s China in Africa work is cited in a Deutsche Welle article about Japanese investment in China.

From the article:

Japan has promised Africa 10.7 billion euros (14 billion dollars) over the next five years as government and private-sector aid. Japan's Asian rival China has already invested heavily in Africa.

Japanese officials stressed that Tokyo wanted to transform its relationship with Africa from that of donor-recipient to a business partnership.

In an apparent reference to China, Abe said Tokyo's commitment to Africa differed from that of other nations.

State-owned Chinese oil and mining companies have multibillion-euro investments in Africa as well as Australia and Latin America. According to the Washington-based Center for Global Development, Beijing has invested $75 billion (57 billion euros) in Africa over the past decade.

Read it here.