Japan To Provide $2 Billion To Africa Resources Projects
Japan will provide $2 billion worth of financial support over five years to back Japanese firms' resources development projects in Africa, media reported on Saturday. 18 May 2013 Japanese Ambassador, H.E. Ryoichi Horie and Prof. Elias Nyamlell Wakoson, Dep Minister for International Cooperation signing notes for US $120 million grant for two infrastructure projects, January 2013. [Gurtong | File] TOKYO, 18 May 2013 (Reuters) -Japan's Trade Minister Toshimitsu Motegi made the announcement at the Africa-Japan Ministerial Meeting for Resources Development held in Tokyo on Saturday, Japanese news agencies Kyodo and Jiji said. The financial support is to be channelled through state-run Japan Oil, Gas and Metals National Corp (JOGMEC), reports said. A number of Japanese firms have been participating in resources projects in Africa, including Mitsui & Co's (8031.T) LNG project in Mozambique and Nippon Steel & Sumitomo Metal Corp's (5401.T) coking coal project also in Mozambique. Meanwhile in South Sudan, the government of Japan through the Japanese International Cooperation Agency (JICA) in January signed US $120 million grant assistance for two infrastructure projects in South Sudan. Ambassador of Japan, H.E Ryoichi Horie and Honourable Professor Elias Nyamlell Wakoson, Deputy Minister for International Cooperation, Ministry of Foreign Affairs and International Cooperation in january 2013 singed the Exchange of Notes formalising Japan’s grant assistance. The projects include the construction of River Nile Bridge worth 91 million US Dollars and the project for the improvement of Juba Nile Port worth 29 million US Dollars. Posted in: Home, Foreign Relations, Governance, Foreign Aid/Assistance -- You received this message because you are subscribed to the Google Groups "South Sudan Info - The Kob" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To post to this group, send email to [email protected]. For more options, visit https://groups.google.com/groups/opt_out.
