Latest news with #Rachadi
![[Africa Forum] AGA dean highlights the significance of Korea-Africa relations in era of disruption](/_next/image?url=https%3A%2F%2Fwimg.heraldcorp.com%2Fnews%2Fcms%2F2025%2F05%2F22%2Fnews-p.v1.20250522.0744fd8a8be04402a87c47a67a05bacd_T1.jpg&w=3840&q=100)
![[Africa Forum] AGA dean highlights the significance of Korea-Africa relations in era of disruption](/_next/image?url=https%3A%2F%2Fall-logos-bucket.s3.amazonaws.com%2Fkoreaherald.com.png&w=48&q=75){kind=small}
Korea Herald
22-05-2025
- Business
- Korea Herald
[Africa Forum] AGA dean highlights the significance of Korea-Africa relations in era of disruption
Dean of African Group of Ambassadors says time has come to unlock the full potential of Africa-Korea partnership The Korea-Africa partnership is about more than an opportunity to explore shared dreams in a changing global environment, according to Moroccan Ambassador Chafik Rachadi, who serves as the dean of the African Group of Ambassadors. 'The Africa and Korea partnership of the 21st century speaks the language of collaboration, equity and long-term resilience. In this era of global disruption, fostering these robust and inclusive partnerships goes beyond economic and political cooperation,' said Rachadi in his opening remarks at the Africa Day 2025 Korea-Africa Business Forum on Wednesday. The forum at Grand Hyatt Seoul was co-hosted by Herald Media Group, the African Group of Ambassadors and the Korea-Africa Foundation. Though the cooperation between the two has yet to reach its full potential, the Moroccan ambassador believes that the next decade presents a chance to accomplish a dynamic framework grounded in mutual interest and strategic collaboration. 'Korea's leadership in innovation, digital technology, clean energy and smart infrastructure can meet Africa's growing demand for transformation and inclusive growth. At the same time, Africa's youthful demographics, natural resources and expanding markets represent unparalleled opportunities,' Rachadi said. 'The time has come to unlock the full potential of the Africa-Korea partnership,' he added. While explaining how the African continent has immeasurable potential, as well as geopolitical and economic significance across the globe, the AGA dean underlined the partnership with Korea as a sign of trust, mutual respect and a shared vision for an inclusive future. 'Let us seize this moment to chart a more ambitious course, grounded in mutual benefit, shared prosperity and a deep commitment to Africa's transformative potential,' he said.
Korea Herald
22-05-2025
- Business
- Korea Herald
[Africa Forum] AGA dean highlights significance of Korea-Africa relations in era of disruption
Dean of African Group of Ambassadors says time has come to unlock the full potential of Africa-Korea partnership The Korea-Africa partnership is about more than an opportunity to explore shared dreams in a changing global environment, according to Moroccan Ambassador Chafik Rachadi, who serves as the dean of the African Group of Ambassadors. 'The Africa and Korea partnership of the 21st century speaks the language of collaboration, equity and long-term resilience. In this era of global disruption, fostering these robust and inclusive partnerships goes beyond economic and political cooperation,' said Rachadi in his opening remarks at the Africa Day 2025 Korea-Africa Business Forum on Wednesday. The forum at Grand Hyatt Seoul was co-hosted by Herald Media Group, the African Group of Ambassadors and the Korea-Africa Foundation. Though the cooperation between the two has yet to reach its full potential, the Moroccan ambassador believes that the next decade presents a chance to accomplish a dynamic framework grounded in mutual interest and strategic collaboration. 'Korea's leadership in innovation, digital technology, clean energy and smart infrastructure can meet Africa's growing demand for transformation and inclusive growth. At the same time, Africa's youthful demographics, natural resources and expanding markets represent unparalleled opportunities,' Rachadi said. 'The time has come to unlock the full potential of the Africa-Korea partnership,' he added. While explaining how the African continent has immeasurable potential, as well as geopolitical and economic significance across the globe, the AGA dean underlined the partnership with Korea as a sign of trust, mutual respect and a shared vision for an inclusive future. 'Let us seize this moment to chart a more ambitious course, grounded in mutual benefit, shared prosperity and a deep commitment to Africa's transformative potential,' he said.
Yahoo
20-04-2025
- Business
- Yahoo
Country secures $1.5 billion rail deal — here's how it could reshape everyday travel
Morocco has approved a project worth nearly $1.53 billion to install double-decker electric trains across the country. According to Environment+Energy Leader, Hyundai Rotem will deliver the electric trains to Morocco's national railway operator, ONCF, with nearly 90 percent of the parts being sourced from the company's home of South Korea. In an interview with The Korea Times, Moroccan ambassador to South Korea Chafik Rachadi said the deal will set Morocco apart as a global leader in utilizing renewable energy. Electric trains will allow urban and suburban areas to have functional public transportation that does not rely on dirty energy, allowing for travel that is both efficient and green. Morocco's growing investment in solar and wind power further amplifies the environmental upside of this shift. Other cities around the world, such as Boston, have also implemented this technology. In addition to saving on diesel fuel, trains have proved to be an effective method of transport — both on the environmental and individual level. "Companies are increasingly recognizing Morocco's strategic advantages, and the recent $1.5 billion contract between Hyundai Rotem and the Moroccan national railway operator is a testament to the country's attractiveness as an investment destination," said Rachadi. "As a strategic gateway to Africa, Morocco stands out as a leader in sustainable development, renewable energy and innovation," Rachadi said, emphasizing both the political and environmental impacts this new deal will have for Morocco. With construction already underway and regional momentum building, Morocco's rail renaissance might just be the beginning of something much bigger. Would having access to a high-speed train change how often you use public transit? Absolutely Probably a little Not much Not at all Click your choice to see results and speak your mind. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
