Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
Japan takes on China with cheaper loans plan for Africa
Japan's Prime Minister Shigeru Ishiba (left) shakes hands with Kenya's President William Ruto during a meeting ahead of the opening of the 9th Tokyo International Conference on African Development (Ticad 9) in Yokohama, Japan on August 20, 2025.
Japan is seeking to curb China’s dominance in African countries, such as Kenya, by redirecting cheaper loans to the continent through its development financing arm.
Tokyo aims to provide new loans to African countries in efforts to help reduce their debt servicing costs while offering development assistance over aid, as Japanese public loans extended to countries in Southeast Asia are repaid.
