{
  "id": 7900272,
  "title": "Africa: KOAFEC 2026 - Korea, African Development Bank Chart New Phase of Partnership On Ai, Digital Infrastructure and Private Investment",
  "url": "https://urgent.news/2026/09/16/africa-koafec-2026-korea-african-development-bank-chart-new-phase-of",
  "topic": "world",
  "section": "World",
  "published": "2026-09-16T23:37:29.000Z",
  "source": {
    "name": "AllAfrica",
    "slug": "allafrica",
    "url": "https://allafrica.com/stories/202609160745.html"
  },
  "original_language": "en",
  "account": null,
  "summary": "The 8th Korea-Africa Economic Cooperation (KOAFEC) Ministerial Conference, held in Seoul on September 8th, marked the 20th anniversary of the partnership between Korea and the African Development Bank. Dr Sidi Ould Tah, the President of the African Development Bank Group, met with Koo Yun-cheol, Deputy Prime Minister and Minister of Finance and Economy of the Republic of Korea, to discuss the future of their collaboration. Both leaders agreed to focus on three key areas: artificial intelligence and digital infrastructure, private-sector investment, and the development of industrial value chains across Africa. Dr Ould Tah highlighted the importance of scaling AI in Africa, emphasizing the need for significant investment in infrastructure, electricity, training, and data. Korean companies were invited to invest across the entire value chain in critical minerals, including local processing, industrialisation, technology transfer, and value creation in Africa. The African Development Bank Group's Pan-African Guarantee Platform (PAGP) was also mentioned as a tool to share risks and attract more private capital to African projects.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "AllAfrica",
        "title": "Africa: African Development Bank and Korea's National Information Society Agency Deepen Partnership On Africa's Ai and Digital Transformation",
        "url": "https://urgent.news/2026/09/16/africa-african-development-bank-and-koreas-national-information",
        "published": "2026-09-16T23:36:54.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}