TOKYO - Japan hosted African leaders on Wednesday for a three-day development conference, offering itself as an alternative to China as the continent reels from a debt crisis exacerbated by Western aid cuts, conflict and climate change.
Attendees at the Tokyo International Conference on African Development (TICAD) included Nigerian President Bola Tinubu, South Africa's Cyril Ramaphosa, William Ruto of Kenya and UN head Antonio Guterres.
Vice President Maj. (Rtd) Jessica Alupo is representing President Yoweri Museveni at the conference.
"The debt and liquidity crisis on the African continent is worsening the challenging socio-economic environment and constraining the fiscal space for governments to cast a safety net over its citizens," Ramaphosa's office said in a statement.
China has invested heavily in Africa over the past decade, with its companies there signing deals worth hundreds of billions of dollars to finance shipping ports, railways, roads and other projects under Beijing's Belt and Road global infrastructure initiative.
But new lending is drying up, and developing countries are now grappling with a "tidal wave" of debt to both Beijing and international private creditors, the Lowy Institute, an Australian think tank, said in May.
African countries have also seen Western aid slashed, in particular through President Donald Trump's dismantling of the US Agency for International Development (USAID).
TICAD was expected to touch on possible future free-trade deals between Japan and African nations, loan guarantees and investment incentives for Japanese firms, local media reported.
Antonio Guterres, Secretary General of the United Nations, delivers a speech during the opening ceremony for the 9th Tokyo International Conference on African Development (TICAD 9) in Yokohama, Kanagawa prefecture, south of Tokyo on August 20, 2025. (AFP Photo)