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Abe Offers $32 Billion to Africa as Japan Seeks Resources
Japanese Prime Minister Shinzo Abe pledged 3.2 trillion yen ($32 billion) to Africa as his government seeks to catch up with China in pursuing resources, markets and influence on the continent. Abe announced the five-year commitment of public and private support in a speech today at the Tokyo International Conference on African Development. Officials from about 50 nations are attending the meeting, held every five years, which is the biggest African development event outside the continent since it began in 1993. Africa’s economic growth is luring Japanese exporters, while the government wants to tap the natural gas ... (full story)