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Nigeria’s smart city dream gets $200M boost from Afreximbank

  • Afreximbank and Nigeria’s Anambra State have partnered to advance the state’s “Smart Mega City” vision and foster economic growth in Africa.
  • The partnership involves an MOU that seeks to offer project preparation and advisory services for state development.
  • The collaboration opens the door to a potential debt financing of up to $200M, which could support the realization of transformative projects.

The African Export-Import Bank (Afreximbank) and Nigeria’s Anambra State have entered into an agreement to accelerate the region’s vision of becoming a “Smart Mega City”.

In an agreement signed during the Anambra Investment Summit, the partnership also underscores Afreximbank’s commitment to fostering economic growth and development across Africa.

The MOU, signed by Afreximbank’s Executive Vice President, Intra-African Trade Bank Kanayo Awani and the Governor of Anambra State, Charles Soludo, signifies a collaborative effort to drive state development through the provision of project preparation and advisory services. 

It also opens

The post Nigeria’s smart city dream gets $200M boost from Afreximbank appeared first on The Exchange.



This post first appeared on The Exchange: Business News Today | Investment News Africa, please read the originial post: here

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Nigeria’s smart city dream gets $200M boost from Afreximbank

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