In a significant stride towards future development, the Anambra State government and Afreximbank have inked a groundbreaking $200 million development agreement, marking a pivotal moment in the state’s growth trajectory.
Governor Chukwuma Soludo, alongside Commissioner for Industry Christian Udechukwu, CEO of Anambra State Investment Promotion and Protection Agency Mark Okoye, and Afreximbank President Benedict Oramah, jointly endorsed these transformative deals, outlining a strategic course for the future of Anambra State.
The first facet of the agreement involves the provision of capital raise financial advisory services, totaling an estimated $200 million. This funding is earmarked for critical projects, including the development of the Ikenga Mixed-Use Industrial City Project, investments in the Anambra Export Emporium, and the establishment of the Akwaihedi Unubi Uga Automotive Industrial Park.
The second initiative centers on establishing the operational and governance framework for the Anambra Diaspora Fund, with the aim of leveraging the resources and expertise of the diaspora community for the state’s benefit.
Christian Aburime, the Press Secretary to Governor Chukwuma Soludo, stated that these initiatives underscore Afreximbank’s unwavering commitment to inclusive growth and sustainable development. The signing ceremony occurred on the sidelines of the ongoing Intra-African Trade Fair 2023 in Cairo, Egypt. This collaboration sets the stage for a new era of economic and infrastructural advancement in Anambra State.
