Africa Featured News News Archive Partnerships Startups

AfriLabs, KAF Sign MoU to Foster Cross-Continental Startup Growth

AfriLabs' parterneship with the Korea-Africa Foundation (KAF) will bridge the gap between Korean and African startups by leveraging each other's expertise and resources.

Nathan Ernest Olupot June 11, 2024

0 Less than a minute

President of the Korea-Africa Foundation, Lyeo Woon-ki (left) and Anna Ekeledo (right), Executive Director of AfriLabs shake hands after signing an MoU to bridge the gap between Korean and African startups by leveraging each other's expertise and resources. COURTESY PHOTO

Pan-Afrikan Innovation Hub Network, AfriLabs has signed a Memorandum of Understanding (MoU) with the Korea-Africa Foundation (KAF) to bridge the gap between Korean and African startups by leveraging each other’s expertise and resources. This will be achieved through the exchange of insights on youth development, the launch of joint research initiatives, and the fostering of a dynamic ecosystem that cultivates talent and entrepreneurial spirit in both regions.

In a press statement, Ms. Anna Ekeledo, Executive Director of AfriLabs said, “This partnership with the Korea-Africa Foundation unlocks a treasure trove of opportunities for startups, granting them access to a global network, invaluable resources, and unparalleled industry knowledge.” She adds “Together, we will empower the next generation of African innovators and entrepreneurs, paving the way for sustainable development and a thriving economy.”

This strategic partnership marks a significant leap forward in AfriLabs’ mission to drive innovation and economic growth across Africa.

President of the Korea-Africa Foundation, Lyeo Woon-ki (left) and Anna Ekeledo (right), Executive Director of AfriLabs signing an MoU to bridge the gap between Korean and African startups by leveraging each other's expertise and resources. COURTESY PHOTO — President of the Korea-Africa Foundation, Lyeo Woon-ki (left), and Anna Ekeledo (right), Executive Director of AfriLabs signed an MoU to bridge the gap between Korean and African startups by leveraging each other’s expertise and resources. COURTESY PHOTO

President of the Korea-Africa Foundation, Lyeo Woon-ki (left) and Anna Ekeledo (right), Executive Director of AfriLabs display the signed MoUs that aims to bridge the gap between Korean and African startups by leveraging each other's expertise and resources. COURTESY PHOTO — President of the Korea-Africa Foundation, Lyeo Woon-ki (left), and Anna Ekeledo (right), Executive Director of AfriLabs display the signed MoUs that aims to bridge the gap between Korean and African startups by leveraging each other’s expertise and resources. COURTESY PHOTO

“At AfriLabs, we are dedicated to unlocking Africa’s full potential and generating wealth through strategic alliances,” said Ekeledo

The partnership is also a testament to the power of strategic alliances in driving positive change and economic growth. As AfriLabs and the KAF embark on this exciting journey, they invite stakeholders, investors, and innovators to join them in shaping a brighter future for Africa and beyond.

ALSO READ: UGANDAN STARTUPS FORGE PARTNERSHIPS WITH SOUTH KOREAN COMPANIES AT GITEX AFRICA