{
  "id": 9713777,
  "title": "MMTC secures USD4.3bn in commitments to expand smart-city model across Africa",
  "url": "https://urgent.news/2026/09/25/mmtc-secures-usd4-3bn-in-commitments-to-expand-smart-city-model",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-25T05:33:22.000Z",
  "source": {
    "name": "Capital FM Kenya",
    "slug": "capital-fm-kenya",
    "url": "https://capitalfm.africa/mmtc-secures-usd4-3bn-in-commitments-to-expand-smart-city-model-across-africa/"
  },
  "original_language": "en",
  "account": "NAIROBI, Kenya — Mwale Medical and Technology City (MMTC) has successfully secured investments exceeding USD 4.3 billion to further develop its smart-city model across Africa, as the company interacts with investors and officials during the 81st United Nations General Assembly (UNGA) in New York. The commitments were concluded amid a series of side events focusing on diaspora investment, artificial intelligence, healthcare, and sustainable development.\n\nThe MMTC team is utilizing the global gathering to present its vision of constructing 18 sustainable smart cities across 12 African nations by 2050, incorporating healthcare, technology, manufacturing, housing, education, and other vital services. MMTC Founder Julius Mwale expressed that the investor response and interest from African government representatives illustrate a rising enthusiasm for African-led development models that merge technology with social and economic transformation.\n\nMwale emphasized that the investments would facilitate the rapid expansion of the MMTC model beyond Kenya, generating platforms for communities to capitalize on new technologies, healthcare advancements, and economic prospects. He highlighted that the USD 4.3 billion in commitments signifies not only a significant milestone but also a strong confidence in the potential of African communities. Mwale further explained that these investments should translate into job creation, improved healthcare, stronger local economies, and infrastructure enhancements that improve people's lives.\n\nThe MMTC approach to smart cities revolves around integrating technology and essential services, with healthcare and innovation at the core of the model. The company is leveraging the UNGA platform to engage in dialogues surrounding artificial intelligence, green-powered data centers, and the application of AI in healthcare and other sectors. African governments and investors are increasingly exploring how emerging technologies can be utilized to tackle challenges such as healthcare accessibility, employment, infrastructure, and service delivery.\n\nMwale emphasized that Africa should actively participate in shaping the future of AI instead of merely consuming technologies developed elsewhere. He stressed that artificial intelligence is transforming economies and Africa must be part of this transformation by applying technology to solve real problems and create opportunities for its people. The city's 2050 plan aims to replicate MMTC's principles across various African markets, allowing each development to cater to the specific needs and opportunities of its host community.\n\nThe engagements in New York also underscored the role of the African diaspora in financing and supporting development on the continent. Mwale noted that the African diaspora possesses capital, expertise, and global networks that can accelerate development at home. MMTC is creating opportunities for that expertise and investment to connect with projects capable of producing measurable impact. The UNGA side events have gathered investors, policymakers, technology leaders, healthcare stakeholders, and members of the African diaspora, providing a forum for discussions on financing sustainable development.",
  "summary": "The commitments were finalised during meetings focused on diaspora investment and impact, AI, healthcare and sustainable development.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}