South Korea to assist Africa industrialize

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South Korea President Moon Jae-In

By Idris Abdulrahman

South Korea government has committed to assist the African nations to achieve rapid industrialisation by facilitating the growth of smart infrastructure in the continent.

The country is also committed to facilitating development financing, knowledge sharing programmes and private sector partnerships to boost industrialisation in Africa.

Korea’s Deputy Prime Minister Yeon Kim, said at the formal opening of the Annual Meetings of the African Development Bank (AfDB) in Busan, a port city and second largest city of the country.

He said in spite of strong evidence of Africa’s flourishing growth and imminent huge potentials for industrial revolution, it had not attained the height of development due to several factors.

Kim, who doubles as the country’s Minister of Strategy and Finance, said Africa needed unique conditions, tailored strategies and a new approach to technology and favourable structural factors to drive its…



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