By Vivian Ihechu
The Africa Export-Import Bank (Afreximbank) on Friday signed two financial advisory mandates with the Anambra State Investment Promotion and Protection Agency.
The signing ceremony took place on the sidelines of the ongoing Intra-African Trade Fair 2023 in Cairo, Egypt.
IATF is Africa’s largest trade and investment fair.
The agreements are with respect to capital raise for the development of strategic infrastructure projects expected to transform Anambra into a leading investment, technology, and leisure destination in Nigeria and Africa.
A $200m development agreement was signed, aimed at “charting a course for the future” of the state.
This first initiative entails the provision of capital-raising financial advisory services, amounting to an estimated $200m 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.
The mandate encompasses capital-raising financial advisory services for key projects such as the Anambra Intra-City Rail Master Plan Project. These initiatives underscore Afreximbank’s unwavering commitment to inclusive growth and sustainable development
Governor Chukwuma Soludo, the 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, charting a course for the future of Anambra State.
