MMTC secures Ksh 510B commitments to expand smart-city model across Africa
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 […] The post MMTC secures Ksh 510B…
MMTC, a medical and technology city, has secured over $4.3 billion (Ksh 510 billion) in investment commitments to expand its smart-city model across Africa. The commitments were made during the 81st United Nations General Assembly (UNGA) in New York, where MMTC showcased its vision of developing 18 sustainable smart cities across 12 African countries by 2050.
The model integrates healthcare, technology, manufacturing, housing, education, and other essential services. MMTC Founder Julius Mwale highlighted the growing interest in African-led development models that combine technology with social and economic transformation, emphasizing that the investments would create jobs, improve healthcare, and boost local economies.
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