Korea Eximbank taps Africa's AI, minerals, infrastructure markets
The Export-Import Bank of Korea (Korea Eximbank) has signed a memorandum of understanding (MOU) with the African Development Bank (AfDB) to expand financial cooperation in Africa, the state-run lender said Thursday. The agreement was signed in Seoul the previous day by Korea Eximbank Chairman and CEO Hwang Ki-yeon and AfDB President Sidi Ould Tah on the sidelines of the 8th Korea-Africa Economic…
The Export-Import Bank of Korea (Korea Eximbank) has signed a memorandum of understanding (MOU) with the African Development Bank (AfDB) to expand financial cooperation in Africa, focusing on areas such as artificial intelligence (AI), digital transformation, critical mineral supply chains, and green and renewable energy infrastructure.
The agreement was signed in Seoul during the 8th Korea-Africa Economic Cooperation (KOAFEC) Ministerial Conference, which aims to promote economic cooperation between Korea and Africa. This marks a comprehensive revision of an MOU first signed in 2005, highlighting the continued commitment to strengthening economic ties between the two entities.
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Also reported by 1 other outlet
- Korea Eximbank taps Africa's AI, minerals, infrastructure markets koreatimes.co.kr
