The African Export-Import Bank (Afrexim Bank) is set to invest $1.5bn into various sectors in Imo state and the investment is intended to stimulate economic growth, enhance infrastructure, and foster job creation within the state.
The deal was secured as the Governor, Hope Uzodimma’s recent visit to Cairo, Egypt, resulted in productive discussions with Afrexim Bank officials, paving the way for this investment.
During the meeting, Uzodimma and a delegation of key government representatives outlined Imo State’s development priorities and emphasized the investment potential in sectors such as infrastructure, agriculture, and energy.
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The talks centered on utilizing Afrexim’s financial tools and expertise to drive sustainable economic progress in the state.
The governor during the meeting expressed confidence in attracting significant investments to Imo State, stating that, “Our objective is to expedite development in Imo State and create opportunities for our citizens. Collaborating with Afrexim Bank offers a unique chance to achieve our goals and unleash the state’s full potential.”