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 Korea Eximbank has entered into a memorandum of understanding (MOU) with the African Development Bank (AfDB) to bolster financial cooperation in Africa. The agreement was signed in Seoul by Korea Eximbank Chairman and CEO Hwang Ki-yeon and AfDB President Sidi Ould Tah during the 8th Korea-Africa Economic Cooperation (KOAFEC) Ministerial Conference.
The MOU encompasses financing cooperation in various sectors, including artificial intelligence (AI), digital transformation, critical mineral supply chains, and green and renewable energy infrastructure. This marks a significant update to the original MOU signed in 2005, signaling a broader and more comprehensive collaboration between the two institutions to address emerging global economic challenges and foster new industries.
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- Korea Eximbank taps Africa's AI, minerals, infrastructure markets koreatimes.co.kr
