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Business

Africa counts on Japanese investment

NAIROBI, Kenya -- African leaders expressed high expectations for Japan to expand investment in Africa during the sixth Tokyo International Conference on African Development, a two-day meeting that ended Sunday.

Japan signed a memorandum to strengthen cooperation with each country. However, the outlook for expanded investment remains unclear. Africa faces challenges as it seeks to make progress in solving problems including terrorism and other security concerns, corruption, and an economic slowdown caused by a sharp decline in natural resource prices.

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