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

comments powered by Disqus

MORE DEVELOPMENT NEWS

NCC commits N11m to lawn tennis league

The Nigerian Communications Commission (NCC) has committed N11million to lift the game of lawn tennis in the country. Read More

Airtel Kenya aids Bungoma community midwives programme

Bharti Airtel has partnered with Fountain Africa Trust to launch a community midwives program to support expectant women, new mothers and newborns in Bungoma County, Kenya. Read More

Vodacom promotes e-Learning in public, private schools

Vodacom Business Nigeria hosted fifty-six students from the S.S. Peter & Paul Nursery and Primary School, Ikate Elegushi on a special tour of the company’s facilities to learn about the cloud computing and the technology behind e-learning. Read More

eLearning Africa: ICTs boost growth but teachers reluctant to change

ICT is the key to improving education and thus boosting growth across Africa, but there is still widespread reluctance among teachers, trainers and managers to abandon traditional methods, says a new report. Read More

Microsoft, IICD launch employability hub in Ghana

Microsoft Ghana, in partnership with the International Institute for Communication and Development, has launched the TizaaWorks online platform, a one-stop online hub for employability and entrepreneurship.  Read More

SSA power offers growth for new entrants, disruptive technology

Sub-Saharan Africa's power sector is becoming increasingly attractive to new entrants as business models change and solutions like smart grids are harnessed to plug yawning supply gaps. Read More

Sanofi, MTN Foundation equip Cameroon diabetes clinics

The MTN Foundation and Sanofi announce the handover of medical equipment to 4 “Diabetes Clinics” on Tuesday 19 May 2015, at the AD LUCEM hospital in Bali, Douala, Littoral region. Read More

MTN Foundation, Oracle to train 2,000 in Nigeria

MTN Foundation Nigeria and Oracle have partnered in an ICT training programme to benefit around 2,000 scholars. Read More

Philips, Rhiza Foundation pilot Mobile Clinic

On the occasion of Philips’ sixth consecutive Cape Town to Cairo roadshow, Philips South Africa and the Rhiza Foundation have launched their “mobile clinic” project focusing on delivering basic primary healthcare. Read More

MTN Foundation supports Saint Joseph's Home

Friends of the MTN  Foundation in Cameroon have donated a substantial amount of basic necessities to Saint Joseph's Children and Adult Home (SAJOCAH) Bafut in the North West Region. Read More

PRESS OFFICES

Sage ERP AfricaSAP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionMTN BusinessSchneider ElectricMultichoiceMicrosoft 4Afrika

FEATURED STORY

The transformative power of affordable smartphones and unlimited data in GhanaThe transformative power of affordable smartphones and unlimited data in Ghana

Smartphones are helping transform their lives of ordinary people in Ghana, Reports Nana Appiah Acquaye.

IN DEPTH

NIMC infrastructure must be managed by credible people: NIMC chiefNIMC infrastructure must be managed by credible people: NIMC chief

NIMC’s chief speaks to Kokumo Goodie about the role of the NIMC and his own legacy.