Japan extends loans and scholarships in tug of war over Africa

Tokyo challenges Beijing's Belt and Road with $2.8bn in loans

201908011N Africa construction

A construction site on the outskirts of Lagos, Nigeria. Japan plans to promote transparent, high-quality infrastructure projects in Africa.  © Reuters

HISAO KODACHI and KOYA JIBIKI, Nikkei staff writers

TOKYO -- Japan will pledge over 300 billion yen ($2.84 billion) in assistance to Africa at a development conference later this month, seeking to encourage transparent infrastructure development on the continent as China moves in.

With Beijing extending its clout on the continent through its Belt and Road infrastructure-building initiative, Japan is eager to bolster its own role in the region through yen loans and a state-sponsored scholarship that will bring African students to Japan.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.