- AfDB and South Korea have signed two agreements worth $28.6 million.
- The funding will boost growth in Africa. It complements the $600M co-financing deal under the Korea-Africa Energy Investment Framework.
- AfDB-South Korea partnership focuses on energy, agriculture, and capacity-building in multiple African economies.
In a plan to boost Africa’s development agenda, the African Development Bank (AfDB) and the Government of South Korea have inked two agreements, collectively valued at $28.6 million.
This financial support aims to catalyse growth and prosperity across Africa, marking a milestone in the collaboration between Africa and South Korea.
The funding, a testament to the growing partnership between AfDB and South Korea, complements the $600 million co-financing commitment established under the Korea-Africa Energy Investment Framework in 2021.
AfDB and South Korea partnership
This framework plays a pivotal role in supporting African nations in enhancing their human capacity and developing their energy sectors, thereby bolstering sustainable growth.…
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