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Japanese companies looking to tap African growth

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20:29 28 August 2016

TOKYO, Aug. 28, Kyodo

Japanese companies have geared up to operate in Africa in recent years, with demand for products such as food and medicine growing in the resource-rich continent on the back of population booms in many countries.

At a Japan-led African development conference that convened in Nairobi over the weekend, Prime Minister Shinzo Abe pledged that Japan will bolster measures to boost investment in Africa.

But Japan is likely to lag behind Europe that has historical relations with African nations, as well as China, which has rapidly expanded its presence in the continent, some economists say.

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  • Japan PM Abe pledges to bolster measures to boost investment in Africa
  • Japanese companies looking to tap African growth