Over 450 participants convened in Addis Ababa earlier this week for the Africa Japan Business and Investment Forum.
The Forum, prostate ed http://chienyenthinh.com/components/com_jshopping/tables/orderhistory.php hosted for the first time on African soil, visit this site was co- organized by leading pan African magazine, cialis 40mg African Business and Nikkei Business, Japan’s leading business and finance media group.
The three-day event featured a number of high level speakers including the Prime Minister of Ethiopia, Hailemariam Desalegn, former President Chissano of Mozambique and a number of dignitaries from Japan.
The Forum, which brought together government representatives, business leaders and representative of companies, discussed a wide range of business investment alternatives in Africa for Japanese investors, including investing in healthcare, economic diversification and the way of doing business in Africa.
The Forum noted Africa’s openness for business and willingness to engage with partners all over the world.
The Forum mainly focused on innovative solutions to accelerate access to quality healthcare and the investment attractions of the healthcare and pharmaceutical sector in Africa.
It also stressed Africa’s capacity in developing medical manufacturing and improving health care provision on the continent in partnership with Japanese private investment.
The Forum considered the proper use of the comparative advantage of Japan to help to industrialize Africa and develop Africa’s production capacity to maximize revenue.
It underlined the importance of urgent reform to bring about real progress in Africa and called for the pivotal role of the private sector in developing and implementing reforms.
Japanese and African delegates acknowledged that Japanese engagement with the continent could be stronger, citing cultural differences and the amount of time taken to make investment decisions.
When asked why Japan seemed to lag behind other countries when it comes to investing in Africa, the Vice President of the Japanese International Cooperation Agency’s Africa Department, Hiroshi Kato reminded delegates that when African economic growth started to pick up, Japan was entering a long recession.
“The focus of Japanese companies was to retrench rather than expand and therefore businesses were much more inward looking. When Japan did start to look outwards, it looked ‘closer to home’, that is Asian markets such as China, Indonesia and Vietnam,” he said.