Tuesday June 4, 2024
Seoul (HOL) - Somali Prime Minister Hamse Abdi Barre and his
delegation attended the South Korea-Africa summit in Seoul, South Korea, which
officially opened on Tuesday.
The summit, which includes delegations from 48 African
countries, will address global challenges such as climate change, food
shortages, and health issues.
At the opening of the summit, President Yoon Suk Yeol
announced billions of dollars in new aid and investment support for Africa as
South Korea looks to boost trade ties with the continent.
Prime Minister Barre is scheduled to deliver a speech at the
summit this afternoon, focusing on investment opportunities in Somalia and the
government's efforts in the areas of security, the economy, and social affairs.
During his stay in Seoul, he will hold separate meetings
with the leaders participating in the conference to discuss the general
situation in Somalia.
Tanzania and Ethiopia announced that they had signed accords
with South Korea for loans amounting to billions of dollars, as part of broader
deals that will give the Asian nation access to Africa's crucial mineral
resources and vast export market.
Tanzania stated it will borrow $2.5 billion over the next
five years from South Korea through concessional loans. Meanwhile, Ethiopia, a
fast-growing economy with 126 million people, signed a $1 billion financing
deal over four years for infrastructure, science and technology, health, and
urban development, according to the state-affiliated Fana media outlet.