In partnership with the African Development Bank, Korea expressed its readiness to step up technology transfers to Africa, officials said in Seoul today.
The African Development Bank (AfDB) disbursements reached $7.81 billion in 2017, a 15 percent increase over 2016 and the highest on record for the Bank.
The Korean government announced increasing its bilateral financial assistance package for Africa to $5 billion until the year 2020.
Focusing on the Role of the African Risk Capacity (ARC) and the Africa Disaster Risk Financing Program (ADRiFi) a high-level forum took place in Busan, Korea.
The African Development Bank, which begins its annual meetings this morning in Busan, Korea advises African countries to diversify their energy sources in order to sustain their industrialization efforts.
Industrial development and value addition in the manufacturing sector in Africa has declined over the last eight years costing the continent $72 billion.
By Andualem Sisay Gessesse [OPINION] – During the 53rd annual meetings of the African Development Bank Group I got the opportunity to see the beautiful city of Busan South Korea. I couldn’t believe that this is the country to which Ethiopia sent some 3,000 troops under the United Nations to reverse the North Korea invasion […]