China and Japan pledge more money for African investments

China and Japan pledging more money for the African continent.

Japan’s leader Shinzo Abe is expected to pledge more than $14bn in aid and trade deals during his trip to Ethiopia, Ivory Coast and Mozambique.

China has hailed Africa a “golden ground” for foreign investment and has pledged to double its aid to the continent to $20bn a year.

Mr Abe’s spokesman Tomohiko Taniguchi admits Japan is lagging behind China in terms of investment in Africa.

Mr Taniguchi said: “Japan’s aid policy is to really aid the human capital of Africa.” He said many African leaders believed that through strong links with Japan they could obtain industrial expertise and know-how.

China insists its aid and co-operation with Africa are completely selfless.