The Africa Export-Import Bank, Afreximbank, has officially sealed financial advisory mandates totaling two hundred million dollars ($200m) with the Anambra State Investment Promotion and Protection Agency, as disclosed in a press statement by Christian Aburime, the press secretary to Governor Chukwuma Soludo of Anambra state.
The signing ceremony of the $200m development agreement took place at the grand stage of the ongoing 2023 Intra-African Trade Fair, IATF, Africa’s most significant trade and investment fair hosted in Cairo, Egypt, according to the statement.
The strategic focus of this financial agreement is to steer the future trajectory of the state. The proposed initiatives are aimed at propelling Anambra into a premier investment, technology, and recreational hub within Nigeria and Africa, the statement elaborated.
This substantial funding is designated for pivotal projects, including the advancement 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.
Another vital aspect of the agreement is geared towards establishing an operational and governance framework for the Anambra Diaspora Fund, strategically leveraging the resources and expertise of the diaspora community for the state’s advancement.
The provision of capital-raising financial advisory services for pivotal projects, notably the Anambra Intra-City Rail Master Plan Project, is encompassed within this transformative mandate, emphasizing Afreximbank’s steadfast dedication to inclusive growth and sustainable development, the statement emphasized.
Mr Soludo, the commissioner for Industry, Christian Udechukwu, the chief executive officer, Anambra State Investment Promotion and Protection Agency, Mark Okoye, and Afreximbank president, Benedict Oramah, collectively endorsed these groundbreaking deals, according to the statement.
NAN
