“Aside from the 2017 Winter Olympics, the Annual Meetings of the African Development Bank this May in Korea, is the most important event on our calendar,” says Deputy Prime Minister and Minister of Strategy and Finance, Kim Dong-yeon.
He made the remarks in Seoul, while hosting a delegation led by Bank President Akinwumi Adesina. According to Kim, the meetings provide Korea with an opportunity to deepen relationships with the African Development Bank, African governments, and the private sector.
Kim mentioned that as part of a larger strategic engagement with Africa, Korea is interested in developing a Tech Corp human exchange and learning platform that would provide talented young Korean professionals with opportunities to serve in the public and private sector of the Bank’s member nations.
Adesina noted that asymmetrical or insufficient information and communication about African investment opportunities was a problem that needed to be fixed. He said a bilateral Tech Corp exchange would provide talented young Africans with much-needed exposure and experiential learning in Korea.
During meetings with Mayor Suh Byung-Soo of Busan, Korea’s technologically innovative ‘smart city,’ Adesina promoted the Bank’s African Investment Forum in November 2018, stating that Africa was open for business, and that the forum would be ‘short on talk’ and ‘high on transactions and project pipelines.’
According to Mayor Suh, his country is highly interested in a Korea-Africa business forum that would open up doors for investment and development in Africa, and in leveraging opportunities for technological exchanges with Africa.
The African Development Bank team also visited Silla University, where school President Taehak Park took the delegation on a tour of the country’s largest drone-testing site and the University’s live simulation center. Silla is at the forefront of Korea’s industrial drone technology and the development of platforms supporting artificial intelligence, robotics, and Busan’s dynamic transition into a knowledge economy.
The Chairman and President of the Korea EXIM Bank, Sung-Soo Eun, said, “if the African Development Bank in conjunction with other MDBs can help de-risk investments and stabilize local currencies and exchanges rates, and continue commitments to regulatory and policy reforms, there will be significant Korean investments on the continent.”
Kang-rae Lee, the President of Korea Expressway Corporation, highlighted Korea’s Cooperative Intelligent Transportation System, a national road network using a combination of CCTV, data, cloud computing, drones, and real time simulation, to create an efficient road network. Korea Expressway Corporation collected close to $4 billion in tolls in 2017.
While noting that only 15% of Africa’s trade was internal, Adesina said one of the Bank’s key agendas, Integrating Africa (link is external) was essential for the rapid movement of people, goods, and services, as well as Africa’s economic and social transformation.
Earlier, Adesina hosted members of Africa’s Diplomatic community in Seoul to a dinner reception. Guests included Ambassadors Albino Malungo, Angola; Sylvestre Kouassi Bile, Côte d’Ivoire; Mohammed Gello, Kenya; Nozuko Gloria Bam, South Africa; Amin Mohammed Dalhatu, Nigeria; Nabih El Abed, Tunisia; Wilbur Simuusa, Zambia; Hazem Fahmy, Egypt; Emma Francois Isumbingabo, Rwanda; Chafik Rachadi, Morocco; Shiferaw Jarso Tedecha, Ethiopia; Difie Agyarko Kusi, Ghana; Ruth Solange Akoume, Gabon; and Adrian Theater of Belgium.
Noting that Africa will be home to 500 million young workers by 2050, Ambassador Malungo said, “while the continent is urgently diversifying its economies, it is now time to dream of and create a new Africa.”
Busan will host the Annual Meetings of the African Development Bank from May 21-25, 2018.
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Wild Fusion has been named one of the top digital agencies in the world
Wild Fusion has been named one of the top digital, creative and marketing agencies in the world by Clutch, the leading B2B rating and review platform.
The new report by Clutch highlights the top-performing creative and digital agencies in 14 industries across several countries. The industries are automotive, business services, dental, e-commerce, education, financial services, financial technology, healthcare, hospitality, legal, nonprofit, real estate, and retail.
Nigerian digital marketing agency, Wild Fusion has been named one of the top creative and marketing agencies in the world across 14 industries, according to Clutch, a global rating platform.
About the award, Abasiama Idaresit, CEO, Wild Fusion , said, “We are honoured to be featured on this elite list of world-class agencies. We continue to lead through digital innovation and our expertise in social and digital marketing. This further proves that we are on the right path of prosperity for Nigeria and Africa.”
Click here to read more: Africa’s Wild Fusion Named Top Non-Profit SEO Company by Clutch
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Interesting facts about Nestoil Group and EPCC services in Nigeria
Nestoil is Nigeria’s largest indigenous Engineering, Procurement, Construction and Commissioning (EPCC) Company in the Oil and Gas sector. Nestoil group is divided into 4 categories:
- IMPAC Engineering
- B&Q Dredging
- Energy Works Technology (EWT)
- Hammakopp Consortium
Nestoil was incorporated in 1991. Nestoil is Nigeria’s largest indigenous Engineering, Procurement, Construction and Commissioning (EPCC), Oil and Gas Engineering Company
IMPAC Engineering has over 18 years of experience offering a broad range of engineering services and consultancy services, which include, but not limited to: feasibility studies; concept/basic design; Front End Engineering Design (FEED); Detailed Engineering Design (DED) and project and construction management in the energy industry.
B & Q Dredging is an indigenous dredging company incorporated in 2005.They provide specialized engineering services in the following areas: Dredging, Flood and Erosion Control, Shore Protection and Consolidation, Sand filling of road embankments, River Crossing, Sweeping of Wellheads Slots and Access Channels
Energy Works Technology (EWT)
Energy Works Technology (EWT) is a private company incorporated in Nigeria in 1999. EWT’s capabilities include a full range of fabrication services for certified process packages and steel structures. Energy Works Technology (EWT) is a leading process Equipment Manufacturer, Steel Fabricator and Oil & Gas EPCI (Engineering Procurement Construction and Installation) service provider in Nigeria & West Africa.
Hammakopp Consortium was incorporated in 1999 and are experts in developing projects. They are experts in developing projects from the pre-feasibility phase through conceptual design and FEED studies, detailed design, procurement, construction and project management and implementation.It is one-stop-shop for Civil Construction, Maintenance & Fabrication, Environmental & Sewage treatment and other services in Nigeria.
Click here to know more about Nestoil
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Top 5 fastest African Growing Companies
Wild Fusion is credited with kickstarting Nigeria’s Digital Marketing revolution. Established by Abasiama Idaresit, a Nigerian digital marketing showcasing business visionary and evangelist, Wild Fusion was one of the most punctual completely coordinated digital advertising organizations in sub-Saharan Africa. Wild Fusion, which was established with no outside venture, broadly helped a Nigerian independent company develop its incomes from $1,000 to $100,000 in a few months with imaginative Internet advertising. The organization administrations customers like Visa V +0%, Samsung, Vodafone VOD +0%, Pepsi and Unilever in Nigeria, Kenya and Ghana. Wild Fusion gains imaginative focuses for presenting and advancing digital advertising in Africa and for cand for disrupting traditional marketing across the continent. Numerous Nigerian and African organizations presently devote a greater amount of their spending limit to digital marketing.
Taxtim is a South African online virtual duty partner and assessment arrangement administration that enables you to finish expense forms rapidly and effectively without counseling with a physical duty expert. Tim, the virtual assessment colleague, asks clients basic, plain language questions, and dependent on the appropriate responses, Tim rounds out your arrival accurately, for a most extreme expense discount. Documenting government forms in South Africa can be a long and tiring procedure. TaxTim, with its computerized help gives an advantageous answer for citizens for a yearly expense of $20. Marc Sevitz, a certified Chartered Accountant and charge expert, and Evan Robinson, a designer and programming engineer in 2011, established TaxTim.
Rasello, founded by Tanzanian software entrepreneur Natalino Mwenda, is a cloud-based Customer Relationship Management (CRM) tool that lets business owners interact and manage customer records, automate customer retention and communication. You add your clients; Rasello automatically identifies customers who need birthday reminders, loyalty programs, service cycle renewals, etc. The software can be used via devices such as PCs, tablets, and smartphone
Triggerfish is Africa’s biggest Computer Generated (CG) movement organization. It was established in 1996 as a boutique stop-outline activity studio and begun by creating TV plugs for South African organizations. In 2001, the organization created liveliness for the principal season of Takalani Sesame Street, the South African rendition of kids’ TV show Sesame Street. Triggerfish has likewise created activity for the U.S Sesame Street. A year ago, the Cape Town-based liveliness studio created its first element film, Adventures of Zambezia, a motion picture that recounts to the tale of a youthful, gullible yet rich hawk who leaves the barren desert where he lives with his dad in quest for activity and experience in the renowned feathered creature city of Zambezia. The motion picture was screened in any event 25 unique nations and pulled in over $22.1 million, as indicated by film industry magic. Triggerfish wins inventive focuses for utilizing innovation to empower imagination in structure the best movement studio in Africa.
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