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Anambra Development: Soludo Signs MoUs With AFREXIM Bank, 12 Others



Anambra State Government has signed memorandum of understanding with thirteen organisations across different economic sectors including commerce and automobile.

The MOU signing ceremony was highpoint of the Anambra Investment Summit, ANINVEST 2023, held at Anambra International Convention Centre, Awka.

The MoUs were signed with Universal Elysium Ltd for the development of Onitsha River Port, Birds Water Ltd and Neni Development Union for the development of Neni Water Scheme, OMAA Global Engineering and Tech for the development of AUU Automative Industrial Park and Nko Agro Farms Ltd for the development of Nko Agro Park.


Others are GVE Projects Ltd for the development of Green Village Electrification, Sundry Markets Ltd for the development of Awka Shopping mall, CPCs Transcommunication Ltd for delivery of master plan for Anambra Intra-City Rail, connecting Awka, Ekwulọbịa, Nnewi and Onitsha, Mahendra Consulting Engineering Ltd for Ikenga Mixed-Use Industrial City and Afrexim Bank.

To develop Anambra Pharmaceutical Hub at Ogboji, government signed MOUs with Nimet Pharmaceuticals, Dozzy Group, Green Life Pharmaceuticals and Association of Industrial Pharmacists of Nigeria.

Speaking shortly after the signing ceremony, Governor Chukwuma Soludo recalled that MoUs had been signed with seven estate developers including Awka Millennium City, to develop the new Awka, assuring that progress reports will be given by next year.

The Governor expressed willingness to partner more investors on what he described as “bankable projects”, saying that state government is intentional to package Anambra as the choice investment destination.

Governor Soludo who revealed that Anambra has the highest population density per square kilometers described the state as a locational hub, added that Anambra is number one out of seventeen states in the Southern part of the country on ease of doing business.

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In a Keynote Speech, Chairman of AFREXIM Bank, Dr. Benedict Oramah represented by the Executive Vice President, AFREXIM Bank, Kanayo Awani, noted that Governor Soludo has ushered in a new lease of life into the state’s growth trajectory, expressing the readiness of the bank to partner the state in a $400 million dollar industrial city project, to bring export-oriented businesses into the state.

Earlier, the Managing Director of Anambra Investment Promotion and Protection Agency, Mr. Mark Okoye asked investors to seize the wealth of investment opportunities and boundless opportunities in the state.

The Summit which had the theme; “Laying The Foundation for a Prosperous and Smart Mega City” featured, panel discussions on Industrial Parks and Special Economic Zones, Unlocking Financing for Bankable Infrastructure Projects, Gas and Sustainable Energy Technology, Innovation and Business Incubation, Role of Corporate Governance in Building Sustainable Businesses.

The event was attended by Anambra State Deputy Governor, Dr Onyekachukwu Ibezim, Speaker of the State House of Assembly, Rt. Hon. Somtochukwu Udeze, members of the diplomatic corps, captains of industry, the Resident Coordinator of United Nations in Nigeria, Mr. Mathias Schmale, World Bank Country Director, Shubham Chaudhuri, Chinese Ambassador to Nigeria, Mr. CUI Jianchun, Minister of Women Affairs, Barr. Uju Kennedy Ohanenye, Chairperson, Manufacturing Association of Nigeria, Anambra, Enugu and Ebonyi Chapter, Lady Ada Chukwudozie, among others.

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Vincent Onyegaegbochi Okoye (born 23rd April) is a Nigerian blogger, writer, entrepreneur and a librarian. Born and raised in a Catholic Family from NRI in anaocha local Government Area of Anambra state, Nigeria, Graduated from Delta state university, Abraka, in the year 2018 where he studied Library and Information Science.

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