By Abdul Rahman Suagibu –
NEW AFRICA BUSINESS NEWS, Freetown, Sierra Leone- On August 28th, the seventh Tokyo International Conference on African Development (TICAD 7) is in motion in Yokohama. Commencing on 28th August 2019 to 30th August 2019, TICAD 7 is being co-chaired by Prime Minister Shinzo Abe of Japan and H.E Abdel Fattah el-Sisi – President of Egypt. This conference will be attended by delegations from African countries including various heads of state, representatives of co-organizers of TICAD from the African union Commission, the United Nations, World Bank and as well as more than 100 business leaders from both Japan and Africa, international organizations, developed and developing countries, aid agencies, members of civil society and researchers who are gathering to discuss African development.
TICAD was first held in Tokyo in 1993. This year, the conference returns to Japan after six years; as TICAD vi was convoked in Africa for the first time in 2016. Held in Kenya against a background of strong economic growth, the conference enticed great interest in Africa’s potential for business development. From then, the quality of interest catches Japanese companies in Africa intensified the number of companies entering Africa stabilized to the expectations of all and sundry.
With TICAD 7, a central theme will be “science, technology and innovation.” In recent years, technologies such as mobile communications, cloud computing and artificial intelligence have been adopted around the world and effects are being made to harness information communication technology to resolve social issue in Africa.
A new business model that is unique to Africa is already taking shape. This model makes use of new technologies, such as mobile money with mobile devices and use of GPs with drones to make deliveries of goods, and is attracting attention as a key to achieving Sustainable Development Goals (SDGs), enhancing the possibilities of future African development and business.
For New Africa Business News Abdul Rahman Suagibu Reports, Africa Correspondent
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