The African Export-Import Bank (Afreximbank) and the Government of Anambra State, South-East, Nigeria, have signed two transformative mandates, marking a significant milestone in the state’s development.

Anambra State Governor Prof. Chukwuma Soludo, Anambra State Investment Promotion and Protection Agency (ANSIPPA) Chief Executive Officer Mark Okoye, and Afreximbank President Benedict Oramah endorsed the transformative agreements, paving the state’s future.

The signing ceremony took place during the #IATF2023 event in Cairo, Egypt.

The initial initiative involves raising $200 million through financial advisory services for key projects like Ikenga Mixed-Use Industrial City, Anambra Export Emporium, and Akwaihedi Unubi Uga Automotive Industrial Park.

The second initiative aims to establish the Anambra Diaspora Fund’s Operational and Governance Framework, utilizing Diaspora community resources and expertise for state benefit and capital-raising projects. The mandate includes providing capital-raising financial advisory services for significant projects like the Anambra Intra-City Rail Master Plan Project.

Prof. Oramah emphasized Afreximbank’s unwavering commitment to inclusive growth and sustainable development through these initiatives.

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