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Tycoon Julius Mwale Catches the Eye of Vietnam Construction Firm

The delegation, led by group Chairman Le Viet Hai, was on a benchmarking tour as it seeks to enter the African market

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Hoa Binh Construction Group, a leading construction firm in Vietnam and one of the largest in Asia, was hosted by Mwale Medical and Technology City (MMTC) in Kenya. Hoa Binh’s delegation, led by the group’s Chairman Le Viet Hai, was on a benchmarking tour as it seeks to enter the African market.

“Hoa Binh is a large-scale general contractor in civil, industrial and infrastructure projects and their visit is the first one in Africa, underscoring Mwale Medical and Technology City’s (MMTC) leading position in smart cities development in Africa,” MMTC said in a statement.

MMTC is a leader in development of smart cities and infrastructure across Africa continent and  targets to build 18 cities in 12 African countries by 2050. Many global construction and engineering firms have recently joined MMTC in the quest to build the cities on the continent.

Last month, United States-based Kenyan billionaire and founder of MMTC,  MrJulius Mwale, held discussions with Zambia’s President Hakainde Hichilema in Lusaka as part of plans to introduce smart cities in the Southern African country.

Mr Mwale and his delegation were on a week-long visit to explore investment prospects in Zambia with the aim of replicating their visionary US$2 billion MMTC project it has done Kenya

Mr Mwale’s delegation to Zambia comprised of 12 American, European, African and Asian engineering and construction companies with expertise in the development of new smart cities. They explored opportunities in various sectors in the country, including building smart cities around mining, the electric vehicle battery value chain, agriculture, and agri-business, among others.

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President Hichilema said collaborations with innovative entities like MMTC can open new avenues for sustainable development in the country.

In September, MMTC was given a greenlight to expand to Ghana after a meeting between Mwale and President Nana Akufo-Addo during United Nations General Assembly (UNGA) in New York. MMTC team also participated in many events on the sidelines of UNGA and held talks with business, civil society and government leaders including with seven heads of state.

In April this year, the MMTC announced expansion of Hamptons Hospital to Botswana after a meeting with President Mokgweetsi Eric Masisi. During the talks, Masisi mentioned medical tourism as among possible areas of cooperation with MMTC. Mr Mwale was in the country to attend Forbes Under 30 Summit.

Mobilising investment

MMTC also secured a deal in July to expand to the Republic of Congo where the new Mwale City in the Brazaville-Kinshasa metro area will be anchored by Hamptons Hospital and is expected to enhance universal healthcare and medical tourism in Central Africa.

As the lead investor of MMTC, Mwale invested and mobilized over US $2 billion to build the new city with a 100 per cent green concept. 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 medical tourists.

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