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Kenyan Billionaire Secures Deal To Set Up Medical City In Ghana

Mwale City founder Julius Mwale holds talks with President Nana Akufo-Addo of Ghana

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Mwale Medical and Technology City (MMTC) is set to set base in Ghana as it expands its wings across Africa. The new development came after the MMTC team met with President Nana Akufo-Addo of Ghana during United Nations General Assembly (UNGA) in New York.

“Among the heads of State our team met were President Dr William Ruto of Kenya, with whom we discussed progress of MMTC and the need to expand investments and create more jobs for the youth in Kenya,” MMTC said in a statement Friday. “We also discussed expanding MMTC to Ghana with President Nana Akufo-Addo of Ghana.”

The MMTC team also participated in many events on the sidelines of United Nations General Assembly and held talks with business, civil society and government leaders including seven heads of state.

“Many of the other events attended by our teams included the Africa business forum, global Africa business initiative, invest Africa, Milken Institute, Forbes 400 philanthropy, United Bank of Africa and many others where MMTC’s team made a significant impact and struck partnerships for investment and social impact programs,” MMTC added.

Founded by US-based Kenyan tycoon Julius Mwale, MMTC is a community-owned sustainable metropolis located in Butere Sub-County of Kakamega County. It is anchored around Hamptons Hospital which, opened in 2019 and treats Kenyans and other medical tourists.

Ghana is the latest destination for MMTC which plans to have 18 cities in 12 African countries by 2050. The cities will be built around healthcare, agro-tech and renewable energy.

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In April, Mr Julius Mwale announced expansion of Hamptons Hospital to Botswana after a meeting with President Mokgweetsi Eric Masisi. During the talks, Mr Masisi picked out medical tourism as possible areas of cooperation with MMTC. Mr Mwale also secured a deal in July to expand to the Republic of Congo.

During his interview at the Forbes Summit, he stated that his net worth is determined by how many people he has transformed from poverty. Mwale is currently the principal of the $2 billion MMTC. As the lead investor of MMTC, Mr Mwale invested and mobilized capital to build the new city with a 100% green concept.

Mr Mwale’s success story serves as an inspiration to young entrepreneurs in Africa who aspire to make a difference and create a better future for themselves and their communities. His commitment is to create sustainable solutions that empower people and protect the environment.

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Bill Yaura is a Correspondent for Business Today. He can be reached on email: [email protected]
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