IFC commends LMI Holdings for helping raise US$3.4bn FDI

The International Financial Corporation, IFC, has commended LMI Holdings for their successful development of Special Economic Zones (TMIZ and DIZ) which has resulted in raising US$3.4billion of FDI over 20 years.

Again, the initiative has also raised US$5.4billion of exports he said, noting that their infrastructural development outlook is promising.

The commendation came when a high-level delegation of the International Finance Corporation, a member of the World Bank Group, led by Sérgio Pimenta – the Vice President for Middle East and Africa – paid a working visit to the Tema Meridian Industrial Zone (TMIZ) in the Free Zones Enclave as part of their just-ended visit to Ghana.

The delegation expressed their openness to offering financial and technical assistance to operationalise the projects outlined by LMI Holdings and help actualise its vision for Africa.

Dawa Industrial City is Ghana’s largest industrial enclave. It is a world-class flagship industrial one-stop-shop with a dedicated 132MVA substation, 24/7 reliable power supply, a dedicated water supply station, well-constructed asphalted roads with streetlights, as well as ultra-fast fibre broadband Internet and data facilities.

The post IFC commends LMI Holdings for helping raise US$3.4bn FDI appeared first on The Business & Financial Times.

Read Full Story