Korea to enhance African support
DEVELOPMENT| Oct. 19, 2012, 7:56 p.m.
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.
MORE DEVELOPMENT NEWS
Networks Unlimited continues to give backCommemorating Nelson Mandela Day, Networks Unlimited, a value-added distributor, donated blankets to the South African Family Relief Project (SAFRP). Read More
Bocodol Strategy 2020 to advance technology uptakeThe new 2016 to 2020 Botswana College of Distance and open Learning Strategic Plan is a testament of the institution’s move towards an embedded e-learning regime. Read More
Equity of trust essential for improving productivity – Tigo Barcamp 2016Ghana’s digital lifestyle brand, Tigo, has urged young entrepreneurs and graduates to establish trust in their profession in order to boost productivity. Read More
Entrepreneurship programme targets 5,000 studentsEnactus Kenya, an organization that promotes entrepreneurship among youth, aims to empower 5,000 students in Kenya with business leadership skills. Read More
Ericsson Networked Society City Index 2016 measures ICT maturity in Johannesburg and LagosAlthough 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 gainsEtisalat 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 studentsOne 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 educationMTN’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 InitiativeThe 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 communitiesMTN has kicked off the tenth edition of its flagship annual employee volunteerism programme, 21 Days of Y’ello Care. Read More
FEATURED STORYFirst-ever Africa Barclays Accelerator programme concludes
Ten fintech companies have concluded the first-ever Barclays Accelerator, powered by Techstars in Africa.
BEST READ NEWS
IN DEPTHEthical Hacking students can’t get a heck of a job
Botswana ethical hacking students report that they are failing to break into the local job market.