Japan To Invest $32bn In Resource-Rich Africa

China-Japan Acrimony Spills Over Into Africa
Japan’s right-wing Prime Minister Shinzo Abe addresses the African Union

AFRICANGLOBE – Japan has promised financial assistance to resource-rich African nations totalling $32 billion for investment in infrastructure and mineral resource development, in its bid to get its share in the new economic scramble for African markets and resources.

Yesterday Japan’s vice-minister of economy, trade and industry, Yoshihiko Isozaki, unveiled “Japan’s new assistance package for Africa”, amid stiff competition for the continent’s mineral resources from China.

Isozaki said the continent was the “starting point” of the supply chain for the minerals Japan needed to produce cars and electronic appliances.

Japan has only one operating gold mine and relies on imports for 100 percent of the basic and minor metals it needs in car manufacturing. Without security of supply for these metals, it stands to lose a large part of its global market share in hybrid cars, for example. It has 94 percent of that market.

“If the supply of material deposits from African countries is stopped, we will have to suspend production of those cars and electrical appliances,” Isozaki said.

He announced that the new assistance package would see Japan’s public and private sector invest $32bn in infrastructure, human and mineral resource development in Africa over the next five years.

Some $2bn of this would come from Japanese government-affiliated agencies and go towards accelerating resource development projects, in line with its government’s pledge during the Japan-Africa ministerial meeting last year.

Financial assistance for infrastructure alone would amount to $6.5bn. This includes investments in the development of corridor projects and improvements to power generation equipment.

Some of the Japanese investments in south African mining include stakes in Assmang, Kudumane Manganese Resources and exploration joint ventures of the Japan Oil, Gas and Metals National Corporation (Jogmec).

In South Africa, Jogmec – which is a Japanese government-affiliated resource development agency – is part of the platinum group metals joint venture in the Waterberg.

Yesterday Isozaki said the Japanese government had decided to expand Jogmec’s joint venture exploration projects, not only in South Africa but throughout the continent.

He told African delegates that Japanese firms were committed to mining development projects and would not give up in the middle of a project.

Last year Japan held its fifth Tokyo International Conference on African Development conference to promote high-level policy dialogue with African nations. It was during this conference that the Japanese government expressed its intention to support African development by using the country’s public and private funding sources.

Isozaki said the financial assistance over the next five years would also support human resource development by providing graduate study opportunities for 1 000 African students in Japan in the period.

These students would learn about Japan’s hi-tech environmental protection equipment and safety techniques so that these could be transferred to African mining operations.


By: Londiwe Buthelezi


  1. In mid-2012 for example, China’s ambassador to South Africa, Tian Xuejun, said China’s investment in Africa of various kinds exceeds US$ 38,244 billion, among which US$ 14.023 billion is direct investment.

  2. This US part of the African Diaspora are still the house slaves. Any money they get they give right back throw it right back to their former masters. And all other racial groups knows this. AfroAms have a billion USD dollar in Black Hair care, with no significant Blacks companies either making or selling the products.

  3. They aren’t going to do it. These are the Americans of Asia and simply cannot be trusted. Have the news conference when you bring the checks and have projects ready to go. China, no big media spin quietly has started railroad projects in Kenya this year.

  4. and how much will the extract???? Sure would not be less than $34trilion USD….. Africans, beware of the naked man standing in winter cold but offering your warm cloths.

  5. Japanese neo-colonialism is as bad as China’s, France’s, India’s, Russia, France’s, Britian, Portugal’s, etc. All aimed at the continued plunder of African riches to develop their own countries.

  6. That’s going to be their downfall and continue to be their downfall. Its black first period. Not Chinese not Japanese Not white and etc! Here in America their are to many African decent people with money and the skills to help with Africa. African leaders and regional leaders should be over here and in the diaspora recruiting other blacks to train and do the jobs that need to be done in Africa. The youth on the continent need to be educated and trained for the present and future.

  7. With all the African people in the diaspora with the money and knowledge that we have especially in America. You would think our sisters and bothers in the mother land would finally get it. We have no friends except ourselves. Black first is the only motto we should be using.

  8. With all the African people in the diaspora with the money and knowledge that we have especially in America. You would think our sisters and bothers in the mother land would finally get it. We have no friends except ourselves. Black first is the only motto we should be using.