Mwale Medical and Technology City (MMTC) has secured more than $4.3 billion (Ksh 510 billion) in investment commitments to support the expansion of its smart-city model across Africa, as the company engages investors and government officials on the sidelines of the 81st United Nations General Assembly (UNGA) in New York. The commitments were finalized during a series of side events focusing on diaspora investment and impact, artificial intelligence (AI), healthcare and sustainable development. The MMTC team is using the global gathering to showcase its vision of developing 18 sustainable smart cities across 12 African countries by 2050, with the model combining healthcare, technology, manufacturing, housing, education and other essential services. MMTC Founder Julius Mwale said the response from investors and African government representatives demonstrates growing interest in African-led development models that combine technology with social and economic transformation. “Our vision is to demonstrate that Africa can build cities that are not only technologically advanced, but also sustainable, inclusive and designed around the needs of communities,” Mwale said. He said the investments would help accelerate the expansion of the MMTC model beyond Kenya and create platforms for communities to benefit from new technologies, healthcare innovations and economic opportunities. “The $4....
This page contains an attributed headline and the preview text supplied through the publisher’s RSS feed. Copyright in the original reporting belongs to KBC.
