Africa could turn into a driving force for global economic growth if the Yokohama Declaration issued at the end of the fifth Tokyo International Conference on African Development (Ticad) is anything to go by.
The conference brought together leaders of 51 African countries, including President Paul Kagame, as well as representatives of international organisations.
While all past Ticad summits have been held in Japan, the declaration contained wording that left open the possibility of holding the next conference in Africa.
At a joint news conference, Japanese Prime Minister Shinzo Abe said, "Growth exists in Africa, and now is the time to invest in an Africa that will continue to grow."
'Leading edge'
Abe said Africa would be at the leading edge of economic expansion and Japan had to make a commitment in a way that would benefit both sides.
"Africa will be a growth centre over the next couple of decades until the middle of this century. Japan will not simply bring natural resources from Africa to Japan. We want to realise industrialisation in Africa that will generate employment and growth," he said.
He added: "The type of growth the Ticad recognises is not just figures. It aims to achieve high quality growth by distributing benefits widely and deeply among people in the society."
In the Yokohama declaration participants in the five-yearly Ticad picked up the theme of developing Africa's business potential and migrating away from aid.
"We'll encourage expanded trade, tourism and technology transfer, and assist in developing small and midsize local companies. We'll also support regional integration to expand intra-regional trade and create new opportunities for private sector development and employment," reads the declaration.
Role of private sector
It also affirmed that the private sector is a vital engine of growth that needs to be supported and strengthened.
It calls for promoting of greater private investment, and improving the investment climate and legal and regulatory frameworks.
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