Tuesday, 4 June 2013

Japan switches from aid to trade in its new African policy.

At the end of the Africa- Japan conference on Monday, Japanese Prime Minister, Shinzo Abe, said that his country would shift its focus on Africa from ‘aid’ to ‘trade and investment.’ As China’s engagement in Africa has soared, Japan has been relegated to the sidelines. However, many in Africa
and the West also accuse China of being the ‘new imperialist’. In an article in the Financial times in March, Nigeria central bank Governor Lamido Sanusi said that Africa be ‘cautious’ of its engagement with China, as China was slowly killing ‘Africa’s nascent industries’.

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