The Japan External Trade Organization (JETRO), the Japan International Cooperation Agency (JICA), the United Nations Development Program (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, on the margin of the 8th Tokyo International Conference on African Development (TICAD 8) in Tunis, Tunisia,
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, they said in a joint press release.
Bringing together specialized organizations in the fields of development, cooperation, investment and trade, and industrialization, this new collaboration builds on the achievements of the tripartite partnership between JICA, JETRO, and UNDP, which was signed at TICAD7 in Yokohama, Japan in 2019.
Over the past three years and despite a halt in global exchanges during the COVID-19 pandemic, over 2,000 Japanese private sector entrepreneurs were mobilized through joint business seminars, according to the same source.
The partnership has enabled investment into innovative, solution-oriented start-ups that improve the lives of the most vulnerable people. In Nigeria, for example, investments supported the use of drones, boats, bicycles to deliver hospital supplies in under 45 minutes even in most remote and hard-to-reach marginalized parts of the country.
In Kenya, a company developing next generation technologies to improve preparedness and disaster response received new investment as a result of JETRO, JICA, UNDP joint actions, said the release.
TICAD 8 is a Summit-level international conference on African development initiated by Japan in 1993. It brings together Heads of State and Government from Africa, Japan, and their partners to engage on economic growth, trade and investment, sustainable development, human security, and peace and stability in Africa.