South Korea Commits Billions in Financial Support to Drive Development in Tanzania and Ethiopia
Tanzania and Ethiopia announced they've inked deals with South Korea, snagging billions in loans, all while giving South Korea a green light to tap into Africa's juicy mineral veins and wide export avenues.
This week, South Korea is playing host to at least 30 top dogs, including those from Tanzania and Ethiopia, at a big South Korea-Africa powwow.
Tanzania laid out plans to cop $2.5 billion over five years from South Korea, thanks to sweet loan terms.
Also, the East African nation signed a couple of pacts letting South…