Korea-Africa Economic Cooperation (KOAFEC)

The Korea-Africa Economic Cooperation (KOAFEC) was established in 2006 as a major platform to drive Korea’s development initiatives in Africa. The KOAFEC secretariat facilitates and coordinates development programs, while the Consultative Group, comprised of African Development Bank’s Executive Directors provides advices to the secretariat and reviews the Action Plan. The KOAFEC aims to deliver concrete results through the indicative investment projects identified in its Action Plan in 6 main cooperation areas, namely: energy and infrastructure, ICT, human resources development, agricultural development, green growth support, and sharing of Korea’s development experiences. The two main building blocks of the KOAFEC are the Ministerial Conference and the Public-Private Partnership Forum.