Japan to offer $10 billion aid to Africa: reports

TOKYO: Japan is to pledge at least $10 billion in aid to Africa for the next five years, reports said Friday, as Tokyo prepared to host a major development conference for the resource-rich continent.

Coupled with expected corporate investments, Japan's public and private sectors look set to pour around three trillion yen ($30 billion) into Africa by 2018, as Japan Inc. rushes for a piece of the promising African market, the Nikkei said.