The International Centre of Insect Physiology and Ecology (ICIPE) hassigned an initial US$ 3.8 million grant agreement with the World Bank, as part of a larger US$ 9 million grant by the Government of Korea to support the Regional Scholarship and Innovation Fund (RSIF) aimed at building world-class class scientific capacity across Sub-Saharan Africa.
The RSIF grant contribution from the Government of Korea will be managed by the World Bank as a Trust Fund and implemented by ICIPE in support of broader Africa technical skills development initiative under the umbrella of the Partnership for skills in Applied Sciences Engineering and Technology (PASET).
"PASET is delighted to receive this contribution from the Government of Korea, which marks the launch of a new phase for the RSIF. We deeply appreciate Korea's support to PASET and Africa in recent years and look forward to a continued long-term mutual partnership towards building African capacity in science, technology and innovation to propel the continent's transformation." said Hon. Amb. (Dr.) Amina Mohamed, Chairperson of the PASET Governing Council.
Earlier in May 2018, the World Bank and the Government of Korea signed a Memorandum of Understanding (MoU) on the margins of the Africa Development Bank Annual Meetings in Busan, Korea, under which Korea agreed to set up a US$10 million Trust Fund at the World Bank to support the RSIF and strengthen the on-going partnership to build Africa's technical and scientific capacity.
The contribution will be implemented by ICIPE as part of a US$24 million project to support the RSIF, which also includes a US$15 million grant from the World Bank to ICIPE to become a regional capacity builder for high quality PhD training, research and innovation in areas imperative to Africa's transformation, such as renewable energy, big data, artificial intelligence, materials engineering, food security and climate change.
The support from the Government of Korea will facilitate PhD scholarships and research support to students and university faculty working on relevant transformative technologies across Sub-Saharan Africa. It will also provide funding for "sandwich" PhD training programs (programs incorporating international and home-based study) for scholars from African universities. It will also integrate cross-country knowledge exchange by enabling collaborative research between faculty in Sub-Saharan Africa universities and Korean universities in priority areas such as information and communication technology, solar energy, energy storage, and materials engineering with a focus on the innovative growth sectors.