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

Fairscape Precinct recognised for excellence, innovation and technology

Botswana Development Corporation’s headquarters, Fairscape Precinct, has been awarded two Fulton Awards by the Concrete Society of South Africa.  Read More

Dimabi School renovated By Tigo Shelter 4 Education project

Tigo Ghana has presented its fourth school block to the management of Dimabi Nursery and Primary School in Tolon Kumbumgu of the Northern Region.  Read More

Tigo Rwanda and Reach for Change launch the Changemakers Hub

Tigo Rwanda and Reach for Change have launched the Changemakers Hub. This hub, located at the Tigo Headquarters in Muhima, will provide office space and resources for applicants and current Digital Changemakers. Read More

Airtel employees mentor Kinder Paradise Home students

Airtel Ghana, has organized a motivational mentorship seminar for students of the Kinder Paradise Home at Prampram near Accra. Read More

Obeng Yaw L/A School benefits from Tigo’s Shelter 4 Education project

Obeng Yaw, a community in the Upper West Akyem district of the Eastern region is the latest to benefit from Tigo’s Shelter for Education project.  Read More

Vodafone supports deployment of SnooCode for Ghana Ambulance Service

Ghana National Ambulance Service teams across the length and breadth of the country will now find it easy tracking the location of victims during emergencies using SnooCode’s “CodeRed” mobile application. Read More

MTN Foundation supports health campaigns in Cameroon

The MTN Foundation in Cameroon has handed a considerable stock of medication and medical equipment to ASCOVIME to improve medical treatment provided to rural communities.  Read More

Kumasi set to host Tigo Yensor Nkoaa Grand finale.

After 90 days of giving away generators, power banks, rechargeable lamps and power invertors, the Tigo “Yensor Nkoaa “ promo is inching closer to the grand finale. Read More

Dimabi Community gets new school block from Tigo Ghana

Tigo Ghana has presented its fourth new classroom school block with Headmaster’s office, Staff common room and a KVIP to management of Dimabi Nursery and Primary School in Tolon Kumbumgu of the Northern Region.  Read More

Solar powered tablets for education: Akon Lighting Africa unveils its strategy in Benin

Akon Lighting Africa has unveiled their long-term objective to use solar powered connected tablets to help drive education. Read More

PRESS OFFICES

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

FEATURED STORY

Young innovators shine during pitch sessionsYoung innovators shine during pitch sessions

Botswana saw an array of upcoming tech wizards selling their ideas during the Vendors’ Day pitch sessions this week.

IN DEPTH

High tech homes: Just press playHigh tech homes: Just press play

High tech, digital homes where everything is automated and connected aren’t the stuff of science fiction any longer, says BNC Technology.

COMPANY NEWS

MTN Business launches Supplier Development Programme in Mpumalanga

MTN Business has reaffirmed its commitment to develop small and medium-sized enterprises (SMEs) within Nelspruit by extending its Supplier Development Programme (SDP) and Accelerator Programme (AP), the company’s enterprise ...