Japan promises $30 billion in aid over next 3 years for Africa

Japanese Prime Minister Fumio Kishida on Saturday pledged US$30 billion over the next three years for African development, with a focus on investing in human capital and fostering quality growth in a continent where China and Russia are exerting their influence, Report informs, citing foreign media sources.

Kishida used his speech to underscore the importance of investing in people, a key part of his push to create a new form of capitalism. The premier reiterated that growth and wealth distribution should come hand in hand.

Over the next three years, Japan will nurture the talents in Africa of 300,000 people in such fields as agriculture, healthcare, education, and law.