United States-based billionaire and founder of Mwale Medical and Technology City (MMTC) in Kenya Julius Mwale met 19 Presidents at the just-ended US-Africa summit in Washington, DC. MMTC in a statement said Mr Mwale and his team discussed investment opportunities across the continent with the heads of state.
The summit, hosted by President Joe Biden, attracted more than 50 heads of state from Africa. “Our team was privileged to interact with government and business leaders from US and Africa including HE President William Ruto and 18 other heads of state,” MMTC said.
MMTC said it would benefit from some of the resources as it expands its projects across the continent. “The US government committed over $55 billion for Africa over the next three years in areas of health, environment, innovation and women empowerment.”
The summit showed how committed the United States is to Africa, underlined the significance of US-Africa relations and how closely they are working together on common global priorities.
The summit was held on December 13-15. It was built on shared values to better foster new economic engagement, strengthen the US-Africa commitment to democracy and human rights and mitigate the effects of COVID-19 and future pandemícs. It also sought to strengthen regional and global health, promote food security, advance peace and security, respond to the climate crisís, and strengthen ties with diaspora communities.
The meeting came at a time when Mr Mwale is seeking partnerships with governments across Africa to expand his MMTC city project across the continent. At the UN General Assembly this year, Mr Mwale held talks with Ghanaian President Nana Akufo-Addo with a a view to investing in the West African country.
In May, Mr Mwale entered into the Democratic Republic of Congo (DRC) where he will be establishing a solar battery manufacturing plant. He is among the key partners who will be undertaking the project in partnership with US firm, KE international.
The project, which seeks to power smart cities in Kenya and the rest of Africa including DRC, is investing in building a 16 Gigawatt (16 terawatts) battery manufacturing plant.
The deal for the project was reached during the Global Conference with world leaders and global executives held in early May. The billionaire struck a deal worth Ksh684 billion with different financiers and partners towards on the battery plant.
At the same time, Mwale is in talks with Senegalese government to build Africa’s longest bridge, the 7km proposed Lungi Bridge. The tycoon was in Senegal on a two-week tour in October where he met President Julius Bio in Dakar.
Next Read >> Wealthy Kenyans Spending Sh100k On Pet Send-Offs