ED To Attend Japanese Conference On African Development (TICAD7)

President Emmerson Mnangagwa is expected to participate at the Japanese Tokyo International Conference on African Development which is scheduled to kick off on Wednesday in Yokohama, Japan.

During the meetings, the president is expected to meet Japanese Prime Minister, Shinzo Abe with regards to prospective partnerships between Zimbabwe and the third-largest economy on the geoeconomics arena.

The conference which runs from August 28 to 30, under the theme, “Advancing Africa’s Development through People, Technology and Innovation comes when Finance Minister, Professor Mthuli Ncube has announced that Zimbabwe intends to borrow US$2 billion from Group of 7 (G7) countries to which Japan is a member.


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Zimbabwe intends to use the United Nations, the World Bank, United Nations Development Programme (UNDP) and the African Union Commission co-organised conference to lure Japanese investors to Zimbabwe.

The conference which seeks to enhance trade and investment between Africa and Japan will also be attended by almost all African leaders.

Japan has been a huge competitor and critic to China which has also been an emerging force on both the geopolitical and geoeconomics arena.

China has its own version of the Japanese TICAD which is called the Forum on China Africa Cooperation (FOCAC) which has the same objectives as those of TICAD although they differ in scope.

Zimbabwe was previously inclined more to China, but President Mnangagwa announced intentions to engage and or reengage every fundamental player on the global arena.

More: The Chronicle

 

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ED To Attend Japanese Conference On African Development (TICAD7)