World

South Korea to Host First Summit with Africa on ‘Shared Growth’

Seoul, South Korea – South Korea is set to host its inaugural summit with Africa on June 4 and 5, co-hosted by South Korea and Mauritius. The event aims to foster “shared growth, sustainability and solidarity” between the two regions.

Dozens of African heads of state and government, including presidents, prime ministers, and senior representatives from 48 African countries, are expected to attend. Delegates from international organisations, the business community, academia, and civil society groups will also be present.

The summit comes as South Korean President Yoon Suk Yeol seeks to position his country as a “global pivotal state.” According to President Yoon, the summit will help South Korea “step up” on the global stage.

Analysts believe South Korea is looking to tap into Africa’s vast natural resources and compete with China for influence on the continent. Currently, only 3% of South Korean exports go to Africa, while a mere 1% of African exports are destined for Seoul.

South Korean exports to Africa have been relatively limited, but the summit is seen as an opportunity to expand these economic ties. African leaders have been urged to present a united agenda rather than compete for South Korean investment. Already, Tanzania has signed a £2.5 billion deal with South Korea, highlighting the potential for significant economic partnerships.

South Korean leader meets Ethiopian PM, Abiy Ahmed

The summit will provide a platform for discussions on various topics, including economic cooperation, sustainable development, and mutual growth. It is anticipated that the event will pave the way for stronger ties between South Korea and African nations, promoting mutual benefits and long-term partnerships.

As South Korea seeks to increase its presence and influence in Africa, the summit represents a significant step towards closer cooperation and collaboration between the two regions. But critics are questioning what this will bring to the continent of Africa as a whole.

Mimi Mefo Info

Kim Feh

Recent Posts

Fako Trade Unions Decry Non-payment of Salaries at Labour Day Celebration

Some trade unions in Fako Division, South West Region, are urging for better working conditions…

3 hours ago

Bokwaongo Royal Family Rejects Njie Mbonde’s Designation as Chief

By Tata Mbunwe The designation of journalist Albert Njie Mbonde as Chief of Bokwaongo village…

3 hours ago

Menka Village Responds to Separatist Attacks: Kidnapping and Recovery of Stolen Equipment

Youths in Menka, a village in the Pinyin area of Cameroon’s North West Region, have…

5 hours ago

Limbe Hosts 139th International Labour Day Celebrations

The 139th edition of International Labour Day is being marked in Limbe with an official…

6 hours ago

10-Month-Old Baby Abducted in Brutal Attack on Mother

A 10-month-old baby girl, Bih Irene, has been reported missing following a violent assault on…

8 hours ago

La création d’une filiale pétrolière à Kribi sous la présidence de l’épouse du DG de la SNH crée la controverse

Un communiqué publié cette semaine a annoncé la création de CSTAR, une société de projet…

8 hours ago