On 3rd of June, the Korea-Africa Foundation signed a Memorandum of Understanding(MOU) with AfriLabs and Tanzania Startup Association (TSA) to promote startup exchanges and develop the startup ecosystem between Korea and Africa.

The Korea-Africa Foundation will cooperate with AfriLabs and TSA in developing mutual exchange programs between Korean and African startups, sharing information to promote exchanges between startups and youth, and promoting and researching joint projects to develop the startup ecosystem.