KOAFEC 2026 Focuses on AI for Africa's Economic Growth
The 8th Korea-Africa Economic Cooperation Conference (KOAFEC) took place from September 8 to 11, 2026, in Seoul, focusing on the role of artificial intelligence (AI) in Africa's economic transformation. The conference highlighted the potential of AI to contribute an additional $1 trillion to Africa's GDP by 2035, emphasizing the importance of digital infrastructure and cooperation between Korea and African nations.
Conference Overview
The 8th Korea-Africa Economic Cooperation Conference (KOAFEC) was held in Seoul from September 8 to 11, 2026. This year's theme centered on leveraging artificial intelligence and digital infrastructure to drive Africa's transformation. The event gathered representatives from approximately 40 African countries, showcasing the commitment to enhancing economic ties through technology.
KOAFEC serves as a platform for discussing cooperation between Korea and African nations, particularly in the digital sector. The focus on AI reflects a broader strategy to harness technological advancements for economic growth, with the potential to significantly impact the continent's GDP by 2035.
Economic Potential of AI
During the conference, experts highlighted that AI could contribute an additional $1 trillion to Africa's GDP by 2035. This projection underscores the transformative potential of technology in addressing various economic challenges faced by African nations. The discussions aimed to identify practical strategies for implementing AI solutions across different sectors.
The emphasis on AI is part of a larger vision to modernize Africa's economies through digital innovation. By fostering partnerships and sharing knowledge, the conference aimed to create a roadmap for sustainable development powered by technology, which is crucial for the continent's future growth.
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