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South Korea to establish US$100m tech institute in Kenya

South Korea to establish US0m tech institute in Kenya.

Kenya has signed a memorandum of understanding with South Korea that will enable the two states to collaborate in various ICT projects in the East African tech hub.

A statement from the Kenyan government states that, "Kenya and Seoul have agreed to encourage cooperation and exchange between government ministries, agencies, research and training institutions as well as businesses and other organisations in the two countries."

Signed by the Cabinet Secretary in the Ministry of Information and Communication, Joe Mucheru, the Korean government will set up a Korean Advanced Institute of Science and Technology (KAIST) a top South Korean institute that might boost the stagnant KONZA Techno City, where it will be located.

The establishment of the institute will be done with financing from South Korean Exim Bank to the tune of Sh10 billion (US$100 million).

The statement continues, "Among the areas that the agreement covers is the next-generation mobile communications 3G, 4G and 5G technologies, high-speed internet network, services and applications and software development. The Collaboration will also cover the Data protection and cyber security development of new fields in the ICT industry such as the cloud computing, big data and internet of things (IoT)."

The collaboration will also encompass the management of the country's internet address system and promote digital content.

The MoU primarily establishes that education and research institutes will be a key to development in the country and will help Kenya achieve Vision 2030, which aims to transform Kenya into a newly industrialising, middle-income country providing a high quality of life to all its citizens.

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