KMA commits $100,000 to Investment Initiatives

Kumasi is currently embarking on four investment-related projects under the Millennium Cities Initiative, which focuses on helping selected cities to attract more foreign direct investment.

These include a palm oil project, intended to utilize palm trees around Kumasi, the production of bamboo bicycles, which is expected to take off early this year.

Others involve the reconstruction of the Kumasi Children's Park to include a shopping mall as well as the building of a hostel facility at the Kumasi campus of the University of Education, Winneba.

City Mayor, Samuel Sarpong says the KMA has committed 100 thousand dollars towards the promotion of the investment initiative.

He was speaking at the launch of the School-to-School partnership Agreement under the MCI project, aimed at assisting selected regions in sub-Saharan Africa to achieve their Millennium Development Goals.

Telecommunications Company, Zain, is partnership Erickson and the KMA to provide internet facilities to selected schools in the Ashanti region. Opoku Ware Senior High School is the first to benefit from the project.

KMA Chief Executive, Samuel Sarpong, noted the program is meant to strengthen cultural awareness and also bridge the digital divide between Ghana and the rest of the world.

He says the project will contribute to good quality universal education, especially at the basic and second-cycle levels. Mr. Sarpong is hopeful the project would help Kumasi realize its full business potential for accelerated regional and national development.

Country Manager for Zain, Philip Sowah, underscored the importance of ICT to education and pledged the company's commitment to extending the gesture to schools in other parts of the country.

Story by Kofi Adu Domfeh
Development / Accra / Ghana / Africa / Modernghana.com