Japan raised its investment to Africa in 2014 with a pledge of $32 billion that included aid, loans and commercial projects over the following three years. This report from a year ago notes a $60 billion commitment from China for capital projects in Africa. Japan playing catch-upThe upswing in investments shows Japan is trying to catch up to China, according to analysts. China's development aid to Africa totaled 47% of all Chinese foreign assistance in 2009 alone. From 2000 to 2012 it funded 1,666 official aid projects in Africa, the Brookings Institution says.

Source: Forbes March 25, 2018 21:56 UTC