Korea to enhance African support

DEVELOPMENT

|
Image: By BiztechAfrica
Korea to enhance African support

Korean and African Finance Ministers have agreed on a framework for enhanced co-operation, with ICT support a key factor.

The Minister of Strategy and Finance of the Republic of Korea and representatives from African countries, including Ministers and the President of the African Development Bank, met in Seoul this week, for the 4th Korea-Africa Economic Cooperation Ministerial Conference (KOAFEC).

The Conference was co-organized by the Ministry of Strategy and Finance, Korea Eximbank and the African Development Bank.

Under the theme of inclusive growth, the parties agreed on a set of actions, based on 6 priority areas, to strengthen the framework for enhanced Korea-Africa cooperation.

These include targeted efforts towards inclusive growth – including the promotion of regional integration and trade. Korea has also undertaken to support African countries in the field of education.

Korea also welcomed the collective efforts of Africa’s regional organisations, including the African Development Bank, in devising a comprehensive roadmap and action plan for infrastructure development at the continental level; and agreed to collaborate with the AfDB to develop social  infrastructure in African countries and facilitate further cooperation on this front. Korea undertook to support the construction of medical schools, as well as a wide range of infrastructure projects, such as the construction of new roads; research on information technology-based transportation systems and providing training opportunities to African officials in the transport sector.

As an information-technology powerhouse, Korea will share its experience and know-how in the field of information technology,  with  the  aim of assisting African countries  to  progress towards inclusive growth, by  narrowing the information gap and reducing the costs of information-sharing. Korea will also promote cultural exchange, training programmes and consulting services for African government officials and technicians in the field of ICTs; and will help countries to establish national registration systems.

Health, education, agriculture and environmental conservation also came under the spotlight, with Korea undertaking to provide enhanced support of African countries in these areas.

AfDB President Donald Kaberuka said Africa was seeking to understudy the development success profile of South Korea.



Share the News

Get Daily Newsletter

Search News

comments powered by Disqus

MORE DEVELOPMENT NEWS

Ericsson Networked Society City Index 2016 measures ICT maturity in Johannesburg and Lagos

Although starting at a low level, Johannesburg and Lagos are progressing in all ICT dimensions of the Ericsson Networked Society City Index.   Read More

Etisalat: Manpower development vital to sustaining telecoms revolution gains

Etisalat says continuous development of indigenous skilled manpower is central to the sustainable growth of the telecoms industry. Read More

Networks Unlimited provides learnerships to 100 ICT students

Anton Jacobsz, MD Networks Unlimited with Ingrid Mulaudzi, Networks Unlimited Marketing Intern One hundred technical students are set to graduate from an immersive, 12-month learnership programme within Networks Unlimited, with the skills, experience and certifications needed to kick-start their careers.   Read More

MTN half-marathon raises funds for ICT in education

MTN’s third edition of the annual MTN 21km half-marathon has been growing steadily since inception and this year the race has boasted just over 6100 participants.  Read More

IFC, CGAP, SECO to launch Ghana Digital Financial Services Initiative

The International Financial Corporation (IFC), a member of the World Bank Group, in partnership with the State Secretariat of Economic Affairs of Switzerland, SECO, and the Consultative Group to Assist the Poor, CGAP, will be launching a US$5.6 million Ghana Digital Financial Services Initiative in Accra.  Read More

MTN employees mark 10 years of volunteerism in their communities

MTN has kicked off the tenth edition of its flagship annual employee volunteerism programme, 21 Days of Y’ello Care. Read More

Airtel Ghana commissions library for La Wireless schools

Airtel Ghana has commissioned a multipurpose state of the art Library and ICT centre for the La Wireless Cluster of Schools. Read More

Dangote, Airtel 40,000 mobile phones for indigent Lagos women

Dangote Foundation this week started the disbursement of N400 million micro grant and mobile phones to 40,000 indigent women in all the local governments in Lagos State. Read More

Evolve with STEM initiative reaches central and Brong Ahafo regions

Airtel Ghana’s corporate social responsibility initiative Evolve With STEM (EWS) has reached some public schools in the Central and Brong Ahafo Regions of the country. Read More

Safaricom Foundation commits Sh36million to free medical camps

More Kenyans are set to benefit from free medical services after Safaricom Foundation increased its funding towards the initiative to Sh36million. Read More

PRESS OFFICES

Sage EnterpriseSAP AfricaTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionMTN BusinessSchneider ElectricMultichoiceMicrosoft 4AfrikaNetworks UnlimitedArbor NetworksEricssonTigo Ghana

FEATURED STORY

Government should encourage youths in ICT earlyGovernment should encourage youths in ICT early

Youths should be given more encouragement to develop their ICT skills, an 11-year-old app developer told Kokumo Goodie.

IN DEPTH

IBM Opens First Cloud Data Centre in South AfricaIBM Opens First Cloud Data Centre in South Africa

IBM is opening a new IBM Cloud Data Centre in Johannesburg, South Africa. The new cloud center is the result of a close collaboration with Gijima and Vodacom and is designed to support cloud adoption and customer demand across the continent.  

COMPANY NEWS

Tigo, JI and GES equip teachers on child online protection initiative

Tigo, in partnership with J Initiative (JI), a youth focused non-governmental organisation in Ghana, have committed to protecting children online through policy advocacy, awareness creation, public education ...

Ericsson and King’s College London demonstrate 5G tactile robotic surgery

Ericsson and King’s College London will be demonstrating a 5G use case of tactile robotic surgery at 5G World 2016 in London on 29-30 June.

Tigo Business – Building trusted business partner relationships with clients

Tigo Business has increased and empowered its account management team to improve its overall customer service experience.