Two decades after its founding, the Korea-Africa Economic Cooperation (KOAFEC) partnership opens a new chapter in Seoul next week, with artificial intelligence and digital infrastructure at the heart of discussions on Africa’s economic transformation.
The 8th KOAFEC Ministerial Conference will run from 8 to 11 September under the theme “Harnessing AI and Digital Infrastructure for Africa’s Transformation.” It will bring together African ministers, senior Korean officials, development partners, private sector leaders, investors, innovators and start-up founders. They will explore how technology, investment and value creation can accelerate Africa’s development. The conference will be officially opened by Prime Minister Han Seong-sook.
The conference marks the 20th anniversary of KOAFEC, the flagship platform for Korea- Africa economic cooperation, established in 2006. For the African Development Bank Group, a founding pillar of the partnership alongside Korea’s Ministry of Finance and Economy, and the Korea Export-Import Bank (KEXIM), the occasion offers an opportunity to take stock of two decades of cooperation and to define a more ambitious agenda for the future.
