By: Steve Webner Staff Writer for World Liberty TV
Borno State Governor, Professor Babagana Umara Zulum, made significant strides in attracting investments to his state at the Foreign Investment Network (FIN) Deal Room/MoU Signing Ceremony and Forbes Best of Africa Award held at the Forbes Center in New York.
During the ceremony, Governor Zulum accepted to collaborate with the International Data Center Authority (IDCA) to develop digital infrastructure and boost sustainable digital economies in Africa. IDCA Chairman and CEO Mehdi Paryavi emphasized Africa’s vast potential, citing projections of $4 trillion in GDP by 2028. “Africa needs substantial investments to reach its destiny,” he stated.
Other MoUs facilitated by FIN included agreements between Borno State Government and: GTIF Capital to collaborate on investments and development projects in esports, technology, healthcare, media, and branding.
African Tourism Union to promote tourism, trade, and investment in Borno State through joint initiatives. Altitude Water to deploy Atmospheric Water Generators (AWGs) in Borno State. The Philanthropist to raise funds for Youth Education in Borno State.
FIN also signed MoUs with Asian-African Chamber of Commerce & Industry – USA and Japan Chapter and 99 Infosystems to promote trade, investment, and economic development between Africa and Asia, and to promote AI technology solutions in African countries.
Governor Zulum received the Forbes Best of Africa Leadership Award, recognizing his commitment to rebuilding Borno State after the Boko Haram insurgency.
In his acceptance speech, delivered by Dr. Mairo Mandara, Chief Adviser to the Governor, he highlighted key achievements:
Education: Establishing schools for girls, advocating for women’s education, and enrolling over 800,000 children in schools.
Infrastructure: Building houses in Local Government Headquarters and closing all formal IDP camps in Maiduguri township.
Economic Development: Exploring collaborations in solar power assembly, food security, and digital economy.
The event was attended by notable figures, including Hon. Zainab Shamsuna Ahmed CON, Former Minister of Finance, Budget & National Planning, Nigeria, Dr. Adal M.Hussain Executive Producer of World Liberty TV, The world’s fastest growing Online TV, with an Multi-Cultural understanding.
Preceding the Deal Room/MoU Signing Ceremony, FIN hosted its 4th International Trade and Investment Forum on September 25, 2024, in collaboration with the African Business Round Table. The event, themed “Power for Africa,” featured esteemed speakers:
Dr. Mairo Mandara, Chief Adviser to Governor Zulum, Dr. Olayinka Fayomi, Chairperson, FIN, Mehdi Paryavi, Chairman and CEO, IDCA. Curtis Smith, President, African Tourism Union, Jeff Szur, CEO, Altitude Water, Mimi Ishio, Co-founder, Japan Global Leaders, Dr. Monica Grant, CEO, 99 Infosystems,
The Governor invited investors to explore opportunities in Borno State, emphasizing its potential for growth and development.
The event demonstrated FIN’s commitment to facilitating partnerships and investments in Africa. With these agreements, the continent is poised for significant economic growth and development. Christopher Forbes, Vice Chairman of Forbes, presented each of the four Honorees a nice plaque alongside a nice certificate to honor them as the best of Forbes Africa Awardee’s.
About Forbes Africa: Forbes Africa is the drama critic to business in Africa. The magazine helps readers connect the dots, form patterns and see beyond the obvious, giving them a completely different perspective. In doing this, it delivers sharp, in-depth and engaging stories by looking at global and domestic issues from an African prism.
About Foreign Investment Network (FIN) : FIN is a UK-based global investment consulting and publishing firm dedicated to bridging the gap between investors and emerging economies. With over two decades of experience, FIN facilitates Foreign Direct Investment (FDI) and business growth through its expertise, events, and publications. Founded by Dr, Mrs. Olayinka Fayomi.
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