South Korea approves aid loan for $170m Tanzania AI project
( August 24, 2026, 06:38 GMT | Official Statement) -- MLex Summary: South Korea approved on Sunday a $170 million project to provide low-interest loans to finance the establishment of an artificial intelligence and digital technology education institute in Tanzania. The Ministry of Finance and Economy said the project marks the first AI-related initiative under the country’s Economic Development Cooperation Fund, established in 1987 as part of South Korea’s official development assistance program to provide developing countries with long-term, low-interest loans for infrastructure and development projects. South Korea has pledged to increase the share of its official development assistance projects focused on AI innovation in less-developed regions.The statement is attached (in Korean)....
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