anzania has commended the Export-Import Bank of Korea (KEXIM) for its continued support in advancing the country’s development agenda through investments in strategic sectors, including infrastructure, healthcare, skills development and economic transformation.
The commendation was made by the Minister for Foreign Affairs and East African Cooperation, Ambassador Dr. Mahmoud Thabit Kombo, during talks with KEXIM President Hwang Ki-Yeon on the sidelines of the Korea-Africa Foreign Ministers’ Meeting currently taking place in Seoul.
The meeting focused on strengthening development cooperation between Tanzania and South Korea, with both sides exploring new opportunities to deepen their partnership in support of Tanzania’s long-term economic growth objectives.
Dr. Kombo said KEXIM has been a key development partner, helping to finance and support projects that contribute to economic expansion, job creation and improved public services.
He noted that the bank’s involvement in strategic development initiatives has played an important role in accelerating Tanzania’s socio-economic transformation while improving the quality of life for citizens.
“The partnership between Tanzania and Korea Eximbank has made a meaningful contribution to the implementation of strategic projects that support economic growth and national development priorities,” Dr. Kombo said.
He added that Tanzania values its growing relationship with South Korea and remains committed to strengthening cooperation in areas that can unlock greater investment, innovation and sustainable development.
Mr. Hwang reaffirmed KEXIM’s commitment to supporting Tanzania’s development aspirations, saying the institution is prepared to continue financing high-impact projects aligned with the country’s priorities.
He said the bank is keen to expand its cooperation with Tanzania in sectors that promote inclusive growth, economic competitiveness and long-term prosperity.
The discussions underscore the strengthening ties between Tanzania and South Korea, particularly in development financing and investment, as the two countries seek to broaden economic cooperation and support sustainable development initiatives across key sectors.
