KOAFEC Summit offers Tanzania fresh investment opportunities
SEOUL: MINISTER for Finance Ambassador Khamis Mussa Omar has arrived in Seoul, South Korea, to lead the Tanzanian delegation at the eighth Korea-Africa Economic Cooperation (KOAFEC) Conference, held from September 8 to 11, 2026.
The four-day conference, organised by the South Korean government in collaboration with the African Development Bank (AfDB), brings together African ministers responsible for economic and financial affairs, artificial intelligence (AI) and digital transformation, AfDB officials, African companies and international development partners.
Upon arrival at Seoul International Airport, Ambassador Omar was received by Tanzania’s Ambassador to South Korea Noel Kaganda and Acting Deputy Permanent Secretary in the Ministry of Finance and Commissioner for External Finance, Rished Bade.
The officials briefed him on preparations and the agenda of the conference, held under the theme, “Harnessing AI and Digital Infrastructure for Africa’s Transformation.”
Organised by South Korea’s Ministry of Economy and Finance, the AfDB and Korea Exim bank, the conference focuses on using AI and digital infrastructure to accelerate Africa’s economic and social development, with discussions covering investment, development financing, technological innovation and economic cooperation.
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Ambassador Omar, accompanied by Minister for Information and Communication Technology Angellah Kairuki, is also expected to hold bilateral meetings with South Korean institutions and organisations to identify opportunities for attracting investment and capital to Tanzania, particularly to support growth and youth employment.
As Korea-Africa cooperation marks its 20th anniversary, South Korea has pledged US$2.4 billion for Africa’s economic and social development.
Tanzania aims to leverage the partnership to strengthen investment, technology transfer and development financing.
