Japan has promised to offer enhanced trade insurance to boost private sector investment in Africa.
Speaking at the opening of the 2019 TICAD summit, Prime Minister Shinzo Abe said his country will competes with rival China for influence in the resource-rich continent.
The enhanced insurance would fully cover loans to African governments, their affiliated institutions or private companies buying Japanese goods for infrastructure projects in Africa.
At the last TICAD conference in the Kenyan capital Nairobi in 2016, Japan pledged $30 billion in public and private support for infrastructure development, education and healthcare in Africa over three years.
