Panelists indicated that the key drivers of growth in Africa such as agriculture, infrastructure (e.g. electricity, rail, roads, irrigation facilities and logistics), ICT and banking and finance were those very sectors were Japanese business had a comparative edge.
Participants hailed export processing zones, industrial clusters, merger and acquisitions, joint venture with local corporations, and public private partnership (PPP) as standard avenues for engagement and urged Japanese banking sector to take bolder steps to join the fray.
The side event is the part of discussion series on the private sector engagement tiled "Japan-Africa Business Dialogue: Looking Ahead to TICAD 7."
The two-day TICAD Ministerial Meeting begins officially on Saturday 6 October 2018 in Tokyo under the joint aegis of the Japanese Ministry of Foreign Affairs and UNDP. Since its inception in 1993, TICAD has evolved into a major forum on African development, attracting 14,000 participants at TICAD 6 in August 2016 in Nairobi, Kenya. The next TICAD Conference, TICAD 7, will take place in Yokohama, Japan, in August 2019.
In Tokyo: Chika Kondoh, TICAD Partnership Specialist or UNDP Representation Office in Tokyo