KOAFEC 2026: African Development Bank and Korea's Export-Import Bank strengthen partnership to finance Africa's strategic priorities
South Korea, Sept. 16 -- The African Development Bank Group (AfDB) and the Export-Import Bank of Korea (KEXIM) have signed a new memorandum of understanding to deepen co-financing cooperation on projects across Africa and mobilise additional resources for the continent's sustainable development.The agreement, signed on 9 September in Seoul by AfDB President Dr Sidi Ould Tah and KEXIM President and CEO Hwang Ki-yeon, replaces a cooperation framework dating back to 2005 and establishes new mechanisms to identify and finance high-impact projects in priority sectors.The five-year agreement will provide a framework to strengthen technical and financial cooperation between the two institutions, supporting sustainable and inclusive growth in Afric...
To read the full article or to get the complete feed from this publication, please
Contact Us.