Tokyo, 15 February 2016 - Emerging Markets Development Firm KDHI travels to Tokyo, Japan to meet with DMM Africa and other key Japanese companies in order to boost Africa-Japan trade and investment.
The visit comes at a time when Japanese companies have recognized the growth African countries are experiencing and are being proactive in building businesses on the continent, which has immense opportunities but lacks the necessary investment and experience. Mr. Kavaneet Dhami (Founder of KDHI) met with key executives including Mr. Keishi Kameyama (Chairman of DMM), Mr. Stephane Fouche (Business Development, Harvard), and Mr. Patrick Behuhuma (Business Development) in addition to the Agriculture and Energy units of DMM Africa. The two companies are aiming to collaborate on multiple initiatives during the next several years.
Japan is making an aggressive push in Africa particularly due to the importance of African countries to Japan. There are a number of raw materials and resources Japanese manufacturing companies require for their goods such as foods, household appliances, automobiles, foods, and many others. By increasing investment in African countries via joint partnerships, Japan hopes to further develop its supply chains while continuing to support development aid efforts on the continent.
Though Japan’s investment into Africa declined from $17 billion in 2014 to $14 billion in 2015, according to the African Development Bank (AfDB), there is a general uptick in interest especially with the TICAD summit coming up where Japan is expected to announce a larger investment target for 2017.
As can be seen in the charts above from Financial Times, Japanese FDI (Foreign Direct Investment) needs to increase. Since the early 2000s, countries like China and India have strategically increased their trade with Sub-Saharan Africa, whereas Japan has remained level throughout. But this will be changing soon.
KDHI has positioned itself strategically with Japanese companies given its relationship with executive management and its understanding of developing successful businesses on the African continent.
About DMM Africa
DMM Africa is an initiative of DMM Group which was established in November 1999 and currently records over USD 1 billion in annual turnover from its various subsidiaries. DMM Africa was created with the vision of serving as a bridge between Africa and Japan, while dynamically creating new businesses in Africa. The mission is to readily put into practice with the African people's own ideas and decision making. The aim is to contribute in the growth and development of Africa not through aid, but through doing business together with the African people.
KDHI is a leading Agribusiness development firm that trains farmers, merges foreign and local capital, and secures off-take agreements to drive agriculture production in Sub-Saharan Africa and exponentially increase yields through data-driven processes. We work with our investors and strategic partners to bring world-renowned expertise to the countries in which we operate in order to catalyze greater food security for families, better health and nutrition, increased income, greater access to basic social services and increased productivity, as well as generating taxes of all kinds beneficial to the state (export revenue, agricultural equipment, etc.).