Korean President Moon Jae-in has committed to sharing Korea’s technological and industrial experience with Africa so as to help it compete in the 4th Industrial Revolution.
His message came at the opening ceremony of the 53rd Annual Meetings of the African Development Bank . “Africa is no longer the sleeping lion. Korea is happy to share its industrial experience with the continent. The theme of the Annual Meetings is appropriate for the industrial transformation of the continent, and in facilitating the sharing of experiences with Korea and other partners.”
African Development Bank President Akinwumi Adesina thanked the Government of Korea for hosting the Bank’s Annual Meetings. He recalled Korea’s transformation from a poor nation 60 years ago to the 11th largest economy in the world, noting the contribution of industrialization to its transformation.
“Today, Samsung and LG television and phones dominate globally, while Korean cars are everywhere. Korea was deliberate and consistent in its industrial drive like China and Japan. Africa must learn from Korea’s industrialization and the equally remarkable experiences of China, Japan, and other parts of the world.”
“Africa must fast-track industrialization. That is why the African Development Bank plans to invest US $35 billion over the next 10 years in its focus on industrialization. The Bank’s industrialization strategy hopes to help Africa raise its industrial GDP from a little over US $700 billion today to over US $1.72 trillion by 2030. This will allow Africa’s GDP to rise to over US $5.6 trillion, while moving GDP per capita to over US $3,350.
“The formula for the wealth of nations is clear: rich nations add value to all they produce; poor nations simply export raw materials. Africa needs to industrialize and add value to everything that it produces – from agriculture, to minerals, to oil, gas and metals. Africa needs to move from the bottom to the top of the global value chains.”
Young Africans can transform the continent given the chance. He described the experience of Clarisse Iribagiza, a young Rwandan woman who earned a master’s in Information and Communications Technology from the Kigali Institute of Science and Technology, a program supported by the Bank. With a modest contribution from the Government of Rwanda, Clarisse launched an ICT business that she recently sold for US $10 million. She is now a member of the Bank’s Presidential Youth Advisory Council.
To unlock Africa’s potential through investment, the Bank has created the Africa Investment Forum, a transactional platform created by the African Development Bank with its partners to leverage global pension funds and sovereign wealth funds and other institutional investors to significantly invest in Africa. This new investment marketplace will set sail from November 7-9, 2018 from Johannesburg, South Africa.
Dong Yeon Kim, Deputy Prime Minister and Minister of Strategy and Finance of the Republic of Korea, said a new approach was urgently needed. He referred to Uncle Tom’s Cabin, a 19th-century American novel written by Harriet Beecher Stowe that envisioned a promising future for Africa.
“Harriet Stowe was right. Very surprisingly, we now witness strong evidence of Africa flourishing, just as she predicted. Growth in the region over the past 20 years was 3% higher than the previous period, and the absolute poverty ratio decreased to two thirds of what it was two decades ago.”
Kim stressed the need for innovative industrialization to translate Africa’s potential into economic prosperity.
“Industrialization policy should take into account the unique conditions of each country. New technologies can provide leapfrogging opportunities by speeding up the industrialization process and creating new value.” Smart infrastructure, he said, presents a promising area for Korea’s contribution.
“Smart infrastructure can provide a new solution to Africa’s shortage in roads, airports and harbours. It allows optimal use of resources and can even replace traditional infrastructure. Africa is already producing substantial outcomes in this area. Going forward, Korea is strongly committed to share its rich expertise and experience as Africa’s close partner.”
In his address, the Chairman of the African Union and Rwandan President, Paul Kagame noted that holding the Annual Meetings in Busan presents a unique opportunity to enforce the growth cooperation between Africa and the Republic of Korea.
“Korea has been a strong and reliable partner of Africa. Africa faces challenges that we can address together,” he said.
Boko Haram conflict causing misery to millions 10 years on
Ten years since the beginning of a violent insurgency in northeast Nigeria, the living conditions for displaced people are continuing to deteriorate at an alarming rate due to inadequate and overcrowded facilities. The Norwegian Refugee Council (NRC) calls for increased efforts to improve their living conditions and prevent an imminent cholera outbreak.
Ten years after the first attack launched by the armed group Boko Haram, more than two million people remain displaced from homes in northeast Nigeria, the highest number of any time over the last decade.
“Every week, people continue to flee violence and insecurity in northeast Nigeria. Many settle along the roadside or on empty strips of land, devoid of proper sanitation and water points,” says Eric Batonon, Country Director at the Norwegian Refugee Council (NRC) in Nigeria.
Hundreds of thousands of people are living in overcrowded displacement sites far below international minimum standards and without proper access to latrines and clean water. Some have put up shelters made of wooden sticks and pieces of ripped fabric. These improvised shelters provide no protection against wind or rain and offer almost no privacy or security. Many don’t even have a door – leaving women, men and children highly vulnerable to intrusions and attacks.
More than 180,000 people are currently in need of shelter in Borno State with many sleeping in the open or in deplorable makeshift homes. As the rainy seasons gets underway, fears of another deadly outbreak of cholera are looming. Last year, 10,000 cholera cases were confirmed along with 175 recorded deaths, although the real figure is likely to have been much higher.
“People in Nigeria need safe pathways back to their homes and much better living conditions in the meantime. Displacement sites are dangerous, chaotic and entirely unsuitable for children. It is critical to decongest these overcrowded sites, provide people that have been forced to flee with safe, dignified facilities and prevent another deadly cholera outbreak,” Batonon adds.
The NRC is calling on donor countries to increase their financial support for relief to families trying desperately to survive in one of the world’s most volatile regions.
“Ten years on, it is harrowing to see families still crowding into make-shift shelters with inadequate drainage systems to remove rain water. The global humanitarian community, local and national authorities have to do much more and much better to improve the lives of these people,” says Batonon before concluding: “The world needs to scale up the relief work and send a message of hope to the more than seven million people in need of humanitarian assistance in northeast Nigeria. After a decade of conflict, we need to show them that they have not been forgotten.”
Over 200 Kidnap Victims Regain Freedom In Zamfara – Police
The Commissioner of Police in Zamfara, Mr Usman Nagogo says over 200 victims of kidnap have been received from their abductors in the last three weeks in the state.
Nagogo made this known at a news conference in Gusau on Monday.
The police chief said the bandits willingly returned and handover the victims to him as the leader of a peace and reconciliation initiative recently set up by Governor Bello Matawalle.
He explained: “Since the beginning of the peace and reconciliation initiative team assignment about three weeks ago now, we have received over 200 kidnap victims from Fulanis and Yansakai.
“We have sat with all the warring factions and they have understood that peace is the most important aspect of growth and development which is why they willingly return the victims,
“and await the promise made by the governor to re-establish grazing reserves, build hospitals and veterinary clinics, provide good drinking water and other amenities at Fulani settlements.
“At the moment, all the factions go to the markets that were closed due to the armed bandit activities while farmers go to the farms without any hindrance or threats,”.
The commissioner of police who urged residents to continue to pray for the success of the peace process and sustenance of peace in the state, cautioned politicians against politicising the effort so as to allow security agencies carry out their operations without diversion.
Some of the rescued victims told newsmen at the police command that they were tied like animals and without any shelter against rain or sun.
Some of the victims spent more than seven months in the hands of their abductors.
After their rescue, the victims were camped at the Government House, Gusau, where they received medical and psycho-social support services before they were reunited with their families.
Corps Member Serving With Channels TV Dies In Shiite, Police Clash
Unfortunately, a member of the National Youth Service Corps (NYSC) serving with Channels Television, Precious Owolabi, is dead.
The 23-year-old died of a gunshot wound he sustained while covering the clash between the police and the Shiite protesters on Monday in Abuja.
The management and staff of Channels Television are greatly saddened by the untimely and unfortunate death of such a promising journalist.
They pray that God will grant his family the fortitude to bear the irreparable loss, and avail his soul eternal rest.
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