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Japanese company “Loopy delay in Africa” Investment difficult reality

2019-08-28T20:31:49.366Z

The 7th African Development Conference (TICAD7), which was attended by African leaders and international organizations, started in Yokohama on the 28th. The Japanese government wants to promote private investment rather than aid. Nissan Auto, near South Africa's Pretoria ...



The 7th African Development Conference (TICAD7), which was attended by African leaders and international organizations, started in Yokohama on the 28th. The Japanese government wants to promote private investment rather than aid.

Nissan's local plant near Pretoria, South Africa. When I visited late this month, employees were silently assembling cars. Approximately 40,000 units are produced annually, and sales have increased in recent years. Focus on exports to neighboring countries. “The Japanese car company is a global brand. I ’m proud to be a part of it,” said a male employee.

In April, the company announced that it would expand its local plant to produce the new pickup truck “Navara”. The investment amounted to 3 billion rand (about 21 billion yen). South Africa's President Rama Posa also rushed to the presentation and smiled, "Welcome to (Nissan) investment".

“The demand for new cars in South Africa is firm, and the government is putting effort into the development of the automobile industry,” said “Sub-Saharan African countries will see a rapid increase in population. If the economy develops, the purchasing needs of cars will increase explosively. "

Assistance for investment-oriented Japan

The potential of African countries, which have a population of about 1.3 billion and continue economic growth, is high. However, excluding the world-famous automobile industry, Japanese companies have been slow to advance.

Japan has a strong commitment to investment ...

Source: asahi

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