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Japan seeks to grow Africa investments to ease reliance on China (www.japantimes.co.jp)

submitted 7 months ago by Domino@lemmings.world to c/world@quokk.au

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Japan is supporting its companies to grow their business in Africa and develop trade ties across a continent where it’s mainly been seen as a key donor.

The second-biggest Asian economy’s emergence from a three-decade period of deflation has boosted its private sector’s risk appetite, Takehiko Matsuo, vice-minister for International Affairs at the Ministry of Economy, Trade and Industry said in Abidjan, the commercial hub of Ivory Coast.

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[–] JizzmasterD@lemmy.ca 2 points 7 months ago (2 children)

But if China has been long since investing and developing trade ties throughout Africa, isn’t it just reliance on China by proxy?

As a side note, 100% understand it’s a big, diverse continent.

[–] catloaf@lemm.ee 5 points 7 months ago

No, they're competing with China.

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