South Korea
Korea's money in Africa is mostly loans for things that get built, from one fund: the Economic Development Cooperation Fund (EDCF), which the Export-Import Bank of Korea manages for the government.
- 7,109
- aid activities in Africa, 2018–2024: USD 7.93 bn, 67% of it filed by the Export-Import Bank of Korea
- USD 4.28 bn
- EDCF concessional loans committed 2018–2024: 53 loans in 11 countries, Egypt first
- USD 2.8 bn
- Korean direct-investment stock in Africa at the end of 2024, USD 690 m of it in Liberia
- USD 2.43 bn
- owed to Korean creditors by 17 governments at the end of 2024, Egypt first; 3.5 times the stock of 2014
7,109 activities with an African recipient for 2018–2024, USD 7.93 bn; the Korea International Cooperation Agency files 56% of the records, but the Export-Import Bank's 271 carry USD 5.29 bn, 67% of the money. Most of that is the EDCF's 53 concessional loans committed in those years, USD 4.28 bn in 11 countries, Egypt, Tanzania and Ethiopia first: metro trains for Cairo, a referral hospital in Zanzibar, power lines in Ethiopia and Kenya, vessels for the Suez Canal.
The debt follows the loans. African governments owe Korean creditors USD 2.43 bn at the end of 2024, 3.5 times the USD 0.69 bn of 2014, 17 governments with Egypt first, and USD 2.42 bn of it is owed to the Korean state itself. The corporate record is thinner: a direct-investment stock of USD 2.8 bn at the end of 2024, USD 690 m of it booked in Liberia, likely ships under its flag; 5 power units at 3 plants with a Korean owner in the map's layers, none of them running; and 4 LNG terminal units in Mozambique with Korea Gas Corp among the shareholders.
OECD CRS activities 2018–2024, DAC2a net ODA 2010–2024 and FDI positions 2015–2024, fetched 1 Nov 2026 · the EDCF's IATI file, read 1 Nov 2026 · World Bank International Debt Statistics to 2024, release of 3 Dec 2025 · Global Energy Monitor as on the map