July 17, 2024

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Sydney 29
First Korea-Africa Summit: Towards Shared Growth, Sustainability and Solidarity for a Strengthened Partnership.

Title: Korea-Africa Summit: Building a Sustainable Future TogetherThe first-ever Korea-Africa Summit, with the theme “Building a Resilient and Inclusive Future Together,” was held in Seoul, South Korea from June 4-6, 2024. The event brought together leaders from both South Korea and Africa with the goal of strengthening partnerships and creating a shared vision for sustainable development.The Senegalese delegation, led by Minister of African Integration and Foreign Affairs Yassine Fall, was among the many African nations in attendance. The summit provided a new momentum for the partnership between South Korea and Africa, emphasizing the importance of a solid, balanced, and mutually beneficial cooperation based on trust, respect for sovereignty, and shared interests.South Korea is committed to supporting Africa’s development by providing advanced technology for industrialization, ensuring food security, improving healthcare systems, constructing sustainable infrastructure, and establishing an adequate education system. Additionally, South Korea intends to significantly increase its investments in Africa and support the implementation of the African Continental Free Trade Agreement.During the summit, South Korean President announced an increase in development aid to $10 billion USD by 2030 and $14 billion USD in export financing to encourage Korean investments in Africa. This significant commitment by South Korea and African countries, together with the adoption of a joint declaration, illustrates a shared determination to work towards creating wealth and prosperity for both regions.However, it is essential that this declaration is accompanied by a practical and effective action plan and a robust monitoring mechanism to ensure tangible results. As a long-standing partner and faithful friend to Senegal, South Korean investments in the country have focused on crucial areas such as agriculture, transport, education, and health. This first Korea-Africa Summit offers great potential for mutual and active cooperation and solidarity.In conclusion, the Korea-Africa Summit is a significant step towards a prosperous and sustainable future for both regions. It sets a precedent for future partnerships, with the hope of creating a win-win situation and fostering active solidarity. It is a testament to South Korea’s commitment to supporting African development and enhancing the strong bond between the two regions
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