Japan shifting investment focus in Africa from infrastructure to human capital

By Jonas Nyabor
Posted on Thursday, 17 November 2022 14:49

Fintech is one of the areas Japan plans to increase its investments in through cooperation with the African Development Bank. REUTERS

Japanese investments in Africa are being reshaped as Tokyo seeks to shift focus from infrastructure to core competence and human capital development, says Ken Shibusawa, the director of the Japan Association of Corporate Executives, or Keizai Doyukai.

The historical rivalry between Japan and China for investment and influence in Africa has favoured the latter over the past years. And generally, the Japanese’ infrastructure project proposals on the continent were mostly overshadowed by less expensive offers from other countries.