ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Japan's trade insurance to cover full African investment

Government pushes infrastructure exports as China races ahead

China has been aggressively investing in African infrastructure projects, including Kenya's Northern Corridor railway project.   © Reuters

TOKYO -- The Japanese government will create trade insurance that will fully cover infrastructure-related exports and loans to Africa, hoping to encourage companies here to make further inroads into a region considered the last frontier of the global economy.

Coverage will be provided through a partnership between the government-owned Nippon Export and Investment Insurance, or NEXI; the Kenya-based African Trade Insurance Agency; and the Saudi Arabia-based Islamic Development Bank. Hiroshige Seko, minister of economy, trade and industry, will make an official announcement as early as May 9.

Sponsored Content

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

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more