【全非资讯·非洲】KOAFEC 2026 - Korea, African Development Bank Chart New Phase of Par…

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KOAFEC 2026 - Korea, African Development Bank Chart New Phase of Partnership On Ai, Digital Infrastructure and Private Investment



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On Tuesday 8 September in Seoul, the President of the African Development Bank Group, Dr Sidi Ould Tah, met with Koo Yun-cheol, Deputy Prime Minister and Minister of Finance and Economy of the Republic of Korea, ahead of the 8th Korea-Africa Economic Cooperation (KOAFEC) Ministerial Conference, which also marks the 20th anniversary of this partnership.

"Korea is a long-standing and trusted partner of the African Development Bank. Our partnership now has the opportunity to enter a new phase, placing greater emphasis on investment, technology and private-sector engagement," said Dr Ould Tah, calling for increased mobilisation of Korean public and private capital alongside the Bank's financing.

Deputy Prime Minister Koo Yun-cheol, who also serves as the Bank's Governor for Korea, praised the cooperation with the Bank over the years and reaffirmed Korea's commitment to deepen its economic engagement with Africa.

The two leaders agreed to focus the next phase of cooperation on three priorities: AI and digital infrastructure, private-sector investment, and the development of industrial value chains across the continent.

Korea, a member of the OECD's Development Assistance Committee, combines development cooperation with industrial capacity and private-sector innovation.

Dr Ould Tah noted that scaling AI in Africa would require significant investment in infrastructure, electricity, training and data.

"Korean investment in artificial intelligence in Africa can mark a new starting point for cooperation between Korea and Africa," he said.

On critical minerals, Dr Ould Tah invited Korean companies to invest across the entire value chain: local processing, industrialisation, technology transfer and value creation in Africa. "We want to develop processing capacity, industrial production and sustainable value chains on the continent in the critical minerals sector," he said, recalling the guidelines agreed at the Ministerial Forum on Critical Minerals in Abidjan in July this year, which focused on the local utilisation of African res

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来源：AllAfrica (https://allafrica.com/)
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