Browsing: Africa-Korea Agtech Innovation Summit

Tanzania-Korea relations
    • Tanzania, Korea ink USD 2.5bn trade pact, cooperation MoU
    • Tanzania President Samia completes 6-day Korean visit
    • Tanzania earmarks five regions for the ‘Smart City’ project

Tanzania-Korea relations

Tanzania-Korea relations are growing, with the latter securing a $2.5 billion soft loan from the Economic Development Cooperation Fund (EDCF).

The loan comes on the heels of Tanzania’s President Samia Suluhu Hassan’s state visit to the Republic of Korea.

The Tanzania-Korea loan was subject to criticism surrounding its terms. Still, the government of Tanzania has refuted claims that the loan has a security guarantee clause that may have forced the government to ‘mortgage’ some of the country’s resources.

Chief Government Spokesman Mr. Mobhare Matinyi was forced to elaborate on the loan terms following the ongoing social media buzz about what the spokesperson described as ‘misinformation.’

“The government has not mortgaged anything or any property because this loan does not have any conditions that

(L-R) Dr. Henry Nakalet Opolot, Project Coordinator for ACDP and Assistant Commisioner at Ministry of Agriculture, Industry and Fisheries, Government of Uganda hands over the winning certificate and award to William Luyinda, CEO & Co-Founder of EzyAgric and Esther Karwera Co-Founder & Chief Commercial Officer, EzyAgric Uganda.
  • Limited internet access is inhibiting the uptake of agricultural innovations across Africa.
  • While Agriculture remains the backbone of Africa’s economy, farmers in rural areas are yet to benefit from the innovative solutions designed to increase productivity within the sector.
  • Innovative solutions are the key to boosting employment and increasing youth participation in the agricultural sector.

Limited internet access is inhibiting the uptake of agricultural innovations across Africa. This is according to Hon. Frank Tumwebaze, Uganda’s Minister for Agriculture, Animal Industry and Fisheries.

Speaking at the sidelines of the two-day Africa-Korea Agtech Innovation Summit held in Nairobi, Hon. Tumwebaze, said,While Agriculture remains the backbone of Africa’s economy, farmers in rural areas are yet to benefit from the innovative solutions designed to increase productivity within the sector.”

The Uganda Minister emphasized the role of Governments’ investment in internet penetration across Africa’s rural areas. This will aid in adoption of