Anambra State Government Endorses Transformative Deals For Anambra

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The Anambra State Government and Afreximbank has signed two mandates, signposting an important threshold in the state’s development.

The signing ceremony took place on the sidelines of the ongoing #IATF2023 in Cairo, Egypt.

Governor Soludo released a statement on his social media which reads, “I led a team comprising some members of the Anambra State Executive Council, including Mr. Christian Udechukwu, Commissioner for Industry and Mr. Mark Okoye – CEO of Anambra State Investment Promotion and Protection Agency (ANSIPPA). We had productive engagements with the Afrexim bank team led by President Benedict Oramah. Together, we endorsed transformative deals, charting a course for the future of Anambra State.

The first initiative will see the provision of capital raise financial advisory services, estimated at $200 million USD. This funding is dedicated to crucial 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 focuses on the creation of the Operational and Governance Framework for the Anambra Diaspora Fund, aiming to leverage the resources and expertise of the diaspora community for the state’s benefit. Furthermore, the mandate encompasses capital-raising financial advisory services for key projects such as the Anambra Intra-City Rail Master Plan Project”.

He also said that these initiatives underscore his government’s unwavering commitment to making Anambra a liveable and prosperous smart mega city.

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