Korea Eximbank backs Tanzania's AI ambitions with $170 million development loan
3 Articles
3 Articles
The Export-Import Bank of Korea announced on the 5th that it has signed a contract to provide a loan of $170 million (approximately 227.5 billion KRW) through the Economic Development Cooperation Fund (EDCF) for the construction of an artificial intelligence (AI) and digital technology education institution in Tanzania. This project is the EDCF's first project in the AI sector and the first project under the "K-AI Package." The K-AI Package supp…
Tanzania moves to establish DTI College to advance digital technology profession
DAR ES SALAAM: TANZANIA is set to establish a Digital Technology Institute (DTI) in Dodoma at a cost of more than 441bn/- through a concessional loan from the South Korean government, in a move aimed at strengthening the country’s capacity to produce highly skilled professionals in advanced digital technologies, including Artificial Intelligence (AI). The project …
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