09/11/2016 - The 5th 2016 Korea-Africa Economic Cooperation (KOAFEC) Ministerial Conference ended with strong calls for enhanced private sector involvement to achieve sustainable development in Africa.
07/11/2016 - The 5th Korea-Africa Economic Cooperation (KOAFEC) forum saw President Akinwumi Adesina of the African Development Bank (AfDB) call on Sung Je Cho, President of Busan Chamber of Commerce and Industry (BCCI), in Busan, South Korea’s second largest city.
31/10/2016 - The first Public-Private Partnership Forum at the 5th Korea-Africa Economic Cooperation (KOAFEC) Ministerial Conference wound up in Seoul last week with calls on Korean businesses to invest more in Africa. During the meetings, the low level of trade between Korea and Africa came under the spotlight, highlighting opportunities for Korea’s private sector to venture into Africa.
31/10/2016 - The African Development Bank’s agenda for transforming Africa’s agriculture was lauded at the 5th KOAFEC Ministerial Conference held in Seoul, South Korea’s capital.
26/10/2016 - The African Development Bank (AfDB) and the Korean Ministry of Strategy and Finance have signed an Exchange of Letters announcing Korea’s replenishment of a grant of USD 18 million to the KOAFEC Trust Fund for the year 2017-2018.
27/03/2016 - The President of the African Development Bank Group, Akinwumi Adesina, has urged African diplomats accredited to the Republic of South Korea to serve as ambassadors of the African Development Bank Group, promote the work of the Bank and garner support for the Bank’s activities in their respective capitals. Africa, he said, can learn very useful lessons from the Republic of Korea which transformed itself from an aid-dependent nation to a donor country in just over three decades.
07/10/2015 - The African Development Bank presented the Bank’s procurement framework and several Bank projects at the MDB Global Development Fund Project Plaza in Seoul, Korea, on September 22-24, 2015. Information and updates on the Bank’s ongoing review of its procurement policy, business opportunities, and tips for successful bidding were presented by Mukul Kumar, Chief Regional Procurement Coordinator from the Bank’s Procurement and Fiduciary Services Department.
04/08/2015 - The African Development Bank (AfDB), the African Development Fund (ADF) and the Government of the Republic of Korea signed a 2007 Technical Cooperation Agreement on Korea-Africa Economic Cooperation (KOAFEC). Based on this, the African Development Institute (EADI) of the AfDB has been overseeing “The Next African Leader Programme” with grant support from the KOAFEC Trust Fund under the Human Resources Development pillar.
29/05/2015 - Since relations between Korea and Africa began in 1961, bilateral trade has grown to about 60 percent. And there are efforts to deepen relations between the continent and Korea, Steve Kayizzi-Mugerwa, Acting Chief Economist and Vice-President of the African Development Bank (AfDB), said Thursday at the AfDB Annual Meetings in Abidjan.
16/04/2015 - The African Development Bank is working diligently to join the Green Climate Fund’s (GCF) seven newly accredited agencies in order to become a key multilateral implementing agency to channel much-needed funding to the continent.