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
Sage Foundation launches in AfricaSage has launched the Sage Foundation across Africa at the 2016 Sage Business Partner Conference, currently underway at the Sandton Convention Centre in South Africa. Read More
Airtel Ghana supports ICT education in Kanjarga communityAirtel Ghana has supported Kanjarga community through its flagship CSR programme, Airtel Touching Lives, in the Builsa South District of the Upper East Region with equipment to improve the ICT skills training in the community. Read More
MTN rewards top performersMTN SA Foundation is rewarding top performing matriculants with bursaries and laptops to assist them with furthering their studies and give them access to the technological tools that are critical in their studies. Read More
Agritech Expo to focus on agri successes and challengesThe third edition of Zambia’s Agritech Expo will be staged in Chisamba from 14-16 April 2016. Read More
Airtel Kenya employees spread Christmas joyMore than 2000 children from various children’s homes in Kenya celebrated Christmas courtesy of Airtel. Read More
MTN Foundation-MINESEC Digital Schools Programme connects LoumMTN Foundation has opened a multimedia centre at the government high school at Loum in the Littoral region, as part of its Digital Schools programme. Read More
Airtel Ghana launches ‘Evolve with STEM’Lucy Quist, Managing Director of Airtel Ghana, has launched an initiative, dubbed ‘Evolve with STEM’, to promote the study of Science, Technology, Engineering and Mathematics (STEM). Read More
Airtel Ghana donates to Human Compassion OrphanageAirtel has made a donation to the Human Compassion Orphanage as part of its ongoing employee led “12 Days of Giving” initiative. Read More
Twenty SMMEs graduate from MTN SA Foundation Accelerated Business Development ProgrammeThis year twenty students are graduating from the MTN SA Foundation sponsored Accelerated Development Programme (ABDP). Read More
Caterpillar launches free e-learning website for future technicians in AfricaCaterpillar has launched the pilot phase of an e-learning website for people who have the ambition to become a technician in Nigeria, Mozambique and DR Congo. Read More
FEATURED STORYViber Spreads Good Vibes in Africa with the introduction of public chats
Viber, one of the leading messaging and calling apps with more than 664 million unique users worldwide, has opened its latest social channel ‘Public Chats’ to partners in Africa and the Middle East.
BEST READ NEWS
IN DEPTHPoised for greater heights – Roshi Motman, AfricaCom CEO of the Year Winner
Roshi Motman is not your average CEO. Since taking up the reins as the first female CEO of Tigo Ghana in 2014, she has led the Tigo brand through a remarkable transformation.