In partnership with the African Development Bank, Korea expressed its readiness to step up technology transfers to Africa, officials said in Seoul today. The range of business options include agriculture, green growth, smart urban transportation management, and numerous business opportunities. Korea and the African Development Bank intend to extend the program to other countries and regions in Tunisia and Africa, and explore the massive market potential of industrial zones in other sectors. Speaking afterwards to the African diplomatic corps in Seoul, Adesina identified three main obstacles to private sector development —access to finance, energy and stability. The dean of the Board of Directors of the African Development Bank, Abdelmajid Mellouki, estimates that a general capital increase would enable the Bank to provide African countries with funding at significantly lower costs.

Source: News Business Ethiopia February 08, 2019 10:18 UTC