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Thursday 20 June 2024

AfriLabs Partners With Korea-Africa Foundation to Drive Innovation in Africa


AfriLabs, a leading network organisation dedicated to fostering innovation and entrepreneurship in Africa, has entered a strategic partnership with the Korea-Africa Foundation through a memorandum of understanding (MOU). This alliance aims to stimulate innovation and bolster economic development across the African continent.

AfriLabs is committed to promoting technological innovation and nurturing entrepreneurial talent by creating a collaborative environment that connects technology hubs, startups, investors, and other key players in the innovation ecosystem.

Recently, AfriLabs expanded its reach by adding 16 new hubs, bringing the total to 478 hubs across 260 cities in 53 African countries. This growth enhances the network's capacity to drive impactful change and support economic advancement throughout Africa.

On the other side of this partnership is the Korea-Africa Foundation, which is focused on fostering collaboration between Korea and African nations. It serves as a conduit for cooperative efforts involving both the private and public sectors, to deepen mutual exchange and cooperation with countries across Africa.

The joint venture between AfriLabs and the Korea-Africa Foundation is poised to create a bridge that connects Korean and African startups, enabling them to benefit from shared expertise and resources. The partnership will facilitate the exchange of knowledge on youth development, initiate collaborative research projects, and nurture a vibrant ecosystem that supports the cultivation of talent and entrepreneurial zeal in both regions.

Anna Ekeledo, the Executive Director of AfriLabs, has expressed the organisation’s commitment to unlocking the full potential of Africa and generating prosperity through strategic partnerships. She emphasises that the alliance with the Korea-Africa Foundation will open up a wealth of opportunities for startups, providing them with access to a global network, invaluable resources, and a wealth of industry knowledge. The goal of this partnership is to empower the upcoming generation of African innovators and entrepreneurs, thereby laying the groundwork for sustainable development and a flourishing economy.

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