Mwinyi negotiates South Korean funding for Zanzibar
By the AFREEQUE newsroom, based on Mwananchi
Zanzibar President Hussein Ali Mwinyi discussed funding for infrastructure, energy, tourism, industry and health projects with South Korean companies. Talks in Seoul on 30 October 2026 included an international convention centre and the Binguni referral hospital project, according to the Zanzibar Presidency, cited by Mwananchi.
The president of Zanzibar, Hussein Ali Mwinyi, negotiated South Korean funding and investment in development projects in the archipelago in Seoul on Friday, including maritime transport, ports, roads, renewable energy, tourism, industry and health. The discussions brought together leaders from K-FINCO, HEERIM, Sejong Plant, Samoo C.M. Architects & Engineers and Sung Shin Rolling Stock Technology, according to a statement from the Zanzibar Presidency’s Directorate of Communications cited by Mwananchi.
The financial institution K-FINCO presented guarantee and financing mechanisms intended to facilitate the participation of South Korean companies in Zanzibar’s projects. In the health sector, HEERIM has already prepared a plan for the Zanzibar International Convention and Exhibition Centre, while the selection of a consultant for the Binguni referral hospital is ongoing. The hospital project is also to include training, modern medical equipment and a hospital information system, Hussein Mwinyi said.
Sejong Plant expressed interest in projects to provide access to drinking water and treat wastewater. The company is also considering importing fishery products from Zanzibar and investing in cold chains. The Zanzibar president also presented the government project to restore passenger rail transport and rail tourism, according to Mwananchi.
