Capital Ethiopia Newspaper

Ethiopia to host Japanese conference on Africa

Ethiopia will host the Ministerial Meeting of the fifth Tokyo International Conference for African Development (TICAD V) in the first quarter of the 2013 says the Embassy of Japan in Addis Ababa. The conference is expected to increase Japanese investment in Africa.
The TICAD which is held once every four years is expected to lay a new milestone for African Development. The conference will focus on ways to accelerate sustainable and equitable economic growth that can build a robust society while enhancing peace and security.
“We expect a lot of things from TICAD V. We expect more than 40 African Heads of State will visit Japan during this time, judging from the past TICAD.  When issues are discussed at such a high level meeting, positive results will happen. We will focus on development issue, trade and investment, encouraging Japanese companies to invest in Africa. In addition to that, peace and security issues will be addressed. We have high expectations that TICAD V will be the milestone for African growth,” said Sunny, Spokesperson of the Embassy.
According to information from the embassy, prior to the Addis Ababa TICAD meeting, a senior official’s preparatory meeting will be held in Ouagadougou, Burkina Faso. 
“Africa has been attracting the expectation and attention of the international community due to its rapid economic growth. Japan has actively offered development assistance based on the TICAD process and sees Africa as its business partner. From this point of view, Japan has dispatched public- private joint missions for promoting trade and investment five times since the TICAD IV to various regions in Africa. I have visited Sudan, south Sudan and Kenya as a leader of a mission last October, gaining firsthand information and feelin the potential of the continent,” said Ryuji Yamane, Parliamentary Senior-Vice Minister for Foreign Affairs of Japan when he addressed the executive council of the African Union on July 12, 2012 in Addis Ababa. 
The embassy also announced that Japan has committed three billion dollars for global disaster risk reduction during the next three years in the run up to the United Nation’s World Ministerial Meeting for Disaster Reduction that will be held in July 2015.