Boosting innovation and investment in Africa

On the margin of the 8th Tokyo International Conference on African Development (TICAD 8) in Tunis, Tunisia, the Japan External Trade Organization (JETRO), the Japan International Cooperation Agency (JICA), the United Nations Development Programme (UNDP), and the United Nations Industrial Development Organization (UNIDO) launched a new partnership to enhance trade and investment between Japanese and African private sector businesses.
“This expanded partnership between four key partners will enable us to enhance our contribution to Africa’s sustainable development path. Together, we will better meet the increased demand from Africa to develop partnerships with Japanese businesses,” highlighted Nobuhiko Sasaki, Chairman and CEO of JETRO.
As a global leader in information and digital technologies, partners agreed to work together to strengthen links between small-and-medium enterprises (SMEs) in Africa with Japanese technologies and business know-how. Other areas of cooperation include regular dialogues, consultations and joint communications and advocacy activities.
“To strengthen economic recovery, a swift and adequate response is required, including an urgent scale-up in dynamic, innovative partnerships for Africa’s development,” said Achim Steiner, United Nations Under-Secretary General and UNDP Administrator. “This enhanced quadripartite agreement sets actions beyond temporary solutions. By connecting innovators and fostering investments from Japan, it supports more sustainable developments in Africa.”