African hubs network AfriLabs has signed a memorandum of understanding (MOU) with the Korea-Africa Foundation to form a strategic partnership aimed at driving innovation and economic growth across the continent.
AfriLabs is a network organization committed to fostering innovation and entrepreneurship in Africa by bringing together technology hubs, startups, investors, and other key stakeholders in the ecosystem. With the recent addition of 16 new hubs, AfriLabs now boasts a network of 478 hubs across 260 cities in 53 African nations.
The Korea-Africa Foundation aims to serve as a platform for collaboration between the private and public sectors, strengthening exchange and cooperation with African countries. The foundation’s mission aligns closely with AfriLabs’ objectives, making this partnership a natural fit.
The collaboration aims to bridge the gap between Korean and African startups by leveraging each other’s expertise and resources. Key initiatives will include the exchange of insights on youth development, the launch of joint research projects, and the fostering of a dynamic ecosystem that nurtures talent and entrepreneurial spirit in both regions.
Read also: AfriLabs and Saudi Ministry of Investment sign MOU to unlock potential in African tech startups.
“At AfriLabs, we are dedicated to unlocking Africa’s full potential and generating wealth through strategic alliances. 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. Together, we will empower the next generation of African innovators and entrepreneurs, paving the way for sustainable development and a thriving economy,” said Anna Ekeledo, executive director of AfriLabs.
This partnership marks a significant step towards fostering global cooperation and driving forward the innovation agenda in Africa. By combining efforts, AfriLabs and the Korea-Africa Foundation aim to create a robust support system for startups, encouraging cross-continental collaborations and driving economic growth through innovative solutions.
