The Japan Times - Tunis hosts Japan-Africa investment conference

EUR -
AED 4.267356
AFN 76.113966
ALL 92.166078
AMD 421.736293
ANG 2.079682
AOA 1066.692995
ARS 1752.149424
AUD 1.615424
AWG 2.091554
AZN 1.97997
BAM 1.955505
BBD 2.340246
BDT 142.798429
BGN 1.971134
BHD 0.438034
BIF 3474.775108
BMD 1.161974
BND 1.472378
BOB 14.378828
BRL 5.956518
BSD 1.161924
BTN 109.727425
BWP 15.55765
BYN 3.579359
BYR 22774.699702
BZD 2.336947
CAD 1.607883
CDF 2649.302222
CHF 0.936198
CLF 0.027488
CLP 1081.856577
CNY 7.798364
CNH 7.794298
COP 3650.748526
CRC 527.020389
CUC 1.161974
CUP 30.792324
CVE 110.248346
CZK 24.209785
DJF 206.908745
DKK 7.478589
DOP 68.77961
DZD 154.726627
EGP 59.170062
ERN 17.429617
ETB 188.646703
FJD 2.550476
FKP 0.858665
GBP 0.855053
GEL 3.02699
GGP 0.858665
GHS 13.211004
GIP 0.858665
GMD 85.986524
GNF 10213.457177
GTQ 8.87066
GYD 243.093279
HKD 9.110331
HNL 31.192288
HRK 7.538663
HTG 151.957046
HUF 362.37381
IDR 20486.539566
ILS 3.500326
IMP 0.858665
INR 109.795554
IQD 1522.170064
IRR 1597250.113151
ISK 140.878234
JEP 0.858665
JMD 184.182178
JOD 0.823886
JPY 181.959439
KES 150.527262
KGS 101.613627
KHR 4702.289682
KMF 492.677584
KPW 1045.777368
KRW 1562.333225
KWD 0.359039
KYD 0.968354
KZT 529.20006
LAK 26055.064177
LBP 104052.182095
LKR 381.282404
LRD 203.339284
LSL 18.563896
LTL 3.431009
LVL 0.702867
LYD 7.372886
MAD 10.893055
MDL 20.014977
MGA 4985.246939
MKD 61.515708
MMK 2439.63113
MNT 4181.00844
MOP 9.383183
MRU 46.744939
MUR 54.415704
MVR 17.964565
MWK 2014.795649
MXN 19.6225
MYR 4.699378
MZN 74.254502
NAD 18.563896
NGN 1537.536682
NIO 42.76354
NOK 10.815547
NPR 175.56348
NZD 1.968948
OMR 0.446533
PAB 1.161924
PEN 3.897011
PGK 5.238209
PHP 72.879474
PKR 322.223826
PLN 4.31354
PYG 6951.949853
QAR 4.246958
RON 5.254493
RSD 117.332276
RUB 100.55481
RWF 1710.341639
SAR 4.362941
SBD 9.296391
SCR 16.001583
SDG 698.931918
SEK 11.123238
SGD 1.474318
SHP 0.860867
SLE 28.643102
SLL 24366.022846
SOS 664.099682
SRD 43.841882
STD 24050.525606
STN 24.4963
SVC 10.167464
SYP 15107.992009
SZL 18.567195
THB 38.252628
TJS 10.713082
TMT 4.066911
TND 3.391288
TOP 2.797756
TRY 56.264319
TTD 7.865812
TWD 36.818095
TZS 3076.23531
UAH 51.757782
UGX 4386.337409
USD 1.161974
UYU 46.772935
UZS 13704.929762
VES 936.989612
VND 30281.054807
VUV 137.458141
WST 3.167847
XAF 655.857927
XAG 0.017562
XAU 0.000262
XCD 3.140295
XCG 2.094084
XDR 0.821576
XOF 655.857927
XPF 119.331742
YER 275.388335
ZAR 18.555513
ZMK 10459.168805
ZMW 22.222643
ZWL 374.155307
  • BCC

    2.0900

    79.21

    +2.64%

  • CMSC

    -0.1100

    20.81

    -0.53%

  • RIO

    0.4300

    103.27

    +0.42%

  • CMSD

    -0.0700

    20.69

    -0.34%

  • BTI

    -0.6200

    55.35

    -1.12%

  • AZN

    -2.0700

    162.7

    -1.27%

  • BCE

    -0.1400

    23.67

    -0.59%

  • JRI

    -0.0700

    12.14

    -0.58%

  • GSK

    -0.9800

    49.89

    -1.96%

  • RBGPF

    0.0000

    70

    0%

  • NGG

    -0.0500

    78.12

    -0.06%

  • BP

    0.2300

    43.81

    +0.52%

  • RELX

    -1.1400

    35.51

    -3.21%

  • RYCEF

    0.1400

    19.92

    +0.7%

  • VOD

    0.3200

    16.9

    +1.89%

Tunis hosts Japan-Africa investment conference
Tunis hosts Japan-Africa investment conference / Photo: FETHI BELAID - POOL/AFP

Tunis hosts Japan-Africa investment conference

Japan opens an African investment conference in Tunisia on Saturday, seeking to counter the influence of rival China which has steadily grown its economic imprint on the continent.

Text size:

The conference takes place amid a "complex" international environment caused by the coronavirus pandemic and the war in Ukraine, the Japanese foreign ministry has noted.

Some 30 heads of state and government are expected to attend the event in the capital Tunis, at a time when the import-dependent North African nation is grappling with a deepening economic malaise.

The eighth Tokyo International Conference on African Development (TICAD8) also comes as Beijing cements its influence on the continent with its "Belt and Road" infrastructure initiative.

It is the first TICAD -- held every three years either in Japan or an African country -- since the pandemic began.

Prime Minister Fumio Kishida will be attending remotely after testing positive for Covid-19.

The Japanese delegation will be led by Foreign Minister Yoshimasa Hayashi, with about 5,000 participants set to attend.

But the opening risks being overshadowed by Morocco withdrawing from the event and recalling its ambassador from Tunisia for consultations, after Tunisia's President Kais Saied hosted the head of Western Sahara's Polisario independence movement.

Since 1993, TICAD conferences backed by the United Nations and other international agencies have generated 26 development projects in 20 African countries.

Most are funded by the Japan International Cooperation Agency (JICA).

The conference will focus on three pillars: economy; society; and peace and stability.

A slick promotional video said the conference aims to promote "African development led by African people".

But no journalists from African news outlets have been given access to delegates ahead of the event, except Tunisian state media, alongside Japanese journalists.

Japanese economic paper Nikkei reported that aid to Africa could increase by 40 percent over the next three years, in response to other powers that have boosted their presence on the continent.

At the last TICAD in 2019, former premier Shinzo Abe -- who was assassinated at a campaign event last month -- warned investors in Africa that they must beware of burdening countries with "excessive" debt, an apparent swipe at China.

Tunisian authorities hope their struggling economy will benefit from hosting the conference by attracting Japanese investment, particularly in the health, automotive and renewable energy sectors.

The conference has sparked anger among Tunisians as major road closures threatened traffic disruptions in the capital.

Authorities also drew widespread mockery after detaining Japanese satellite engineers -- TICAD delegates -- at Tunis airport for hours because they were in possession of a model satellite that they intend to use to showcase technology.

Authorities have spruced up parts of the city likely to be seen by delegates and dug in roadside plants, but these efforts have also drawn the ire of social media users.

"I feel deeply insulted by the clean-up of Tunis for the TICAD," one Tunisian wrote on Twitter, arguing that "those we pay to make our lives easier" should instead focus on making the capital livable for citizens all year round.

T.Ueda--JT