Connect with us

African News

Wakanda City of Return Project launched in Cape Coast

Published

on

Wakanda City of Return Project

Wakanda City of Return Project launched in Cape Coast

The ‘Wakanda City of Return Project’ has been launched at a colorful ceremony at the Cape Coast Technical University Conference room.

The project is set to be a legacy project of the government’s ‘Year of Return‘ and ‘Beyond the Return’ tourism initiatives.

It is expected to give birth to the construction of residential, tourism and other facilities in the central regional capital, Cape Coast.

Speaking at the launch, Mayor of Cape Coast, Ernest Arthur expressed his appreciation to African Diaspora Development Institute (ADDI), Pelicape Limited and Adepa Africa Investments for accepting the Assembly’s proposal to undertake the ‘Wakanda City of Return’ Project.

The ‘Wakanda City of Return Project’ is a joint partnership between the Cape Coast Metropolitan Assembly, ADDI, Pelicape Limited, and Adepa Africa Investments.

The project which is expected to provide over 3,000 jobs to people in the area is also expected to boost tourism promotion in the area.

The ultramodern edifice modeled around the architecture of the ‘Wakanda City’ as exhibited in the famous ‘Black Panther’ movie is expected to attract many across the globe to Ghana. It will also be a centre for teaching the history of the black race.

The ‘Wakanda City of Return’ will indeed cause the coastlines of Cape Coast to witness the construction of 5 -Star hotels, heritage walk way, retreat and health resort, conference centers, and the continental corporate headquarters of African Diaspora Development Institute (ADDI).

The Partners add that the project will indeed be a sound arena for leveraging on the heritage and cultural tourism assets of Cape Coast in creating a definite place of pilgrimage for people of African descent to know the history, culture, and civilization of Africa as well as the continent’s role in creating a new world economy and order.

Addressing the gathering during the launch, the paramount Chief of Cape Coast, Osabarima Kwesi Atta II, who was also the Chairman of the event lauded the initiative of the Assembly and its partners and pledged his commitment to making the project a success.

He indicated that the project which will be built on the coastlines of Cape Coast should be used to correct the negative script about Cape Coast and Ghana as a whole in terms of development.

He added that the ultramodern city should be able to tell the world that Ghana is not only rich in tourism potentials but is also rich in terms of the mental capacity to do great things.

The Vice-Chancellor of the Cape Coast Technical University, Rev. Ing. Prof. Joshua Danso Owusu-Sekyere also pledged the readiness of the University to partner the investors in making the project a success as the project will not only add to the tourism potentials in the area but will also attract more investors into the area.

On funding for the project, Dr. Kojo Taylor, Chairman of the ‘Wakanda City of Return’, who is also a partner of Sanford Clinics, Ghana noted that the partners are on course in raising the needed funds to build the city.

He thus, discounted suggestions that the project is going to be one of the promises which were never fulfilled.

“I have been involved in so many projects including Sanford Clinics and raising money for this project is not going to be difficult. We are going to give the public monthly or quarterly updates so that they know what we are doing”, he added.

Her Excellency Ambassador Arikana Chihombori-Quao, a former African Union Representative to the United States and the President of ADDI praised Hon. Ernest Arthur, the Mayor of Cape Coast for his commitment in ensuring that this project comes to realisation.

She disclosed her readiness to mobilise funds for the construction to begin as soon as possible.

The Chief Executive Officer of Adepa Africa Investments and Apagyahen of Asebu Traditional Area, Nana Obokese Ampah I underscored the need to come together as a people to push this great vision.

According to him, the support of the people of Cape Coast is needed to bring this dream into realisation.

Do you have any news to share with us? WhatsApp us via +233558210224.
Or email us via [email protected].

Continue Reading
Click to comment

Comment on this

African News

Late Osinachi’s husband Peter Nwachukwu charged with death sentence

Published

on

Peter Nwachukwu charged

Late Osinachi’s husband Peter Nwachukwu charged with death sentence

News coming from Nigeria confirms that the Nigerian Federal Government has filed 23-count charges against Peter Nwachukwu, husband of the late popular gospel singer, Osinachi, who died on April 8 this year after he allegedly assaulted her.

After the demise of the “Ekueme” singer, several reports came in that her husband is the cause of his death. A Series of testimonies also came from Peter’s children, Osinachi’s sisters, and parents which all proved that Peter was an abusive man.

He was therefore charged under sections 104 and 379 of the Administration of Criminal Justice Act, 2015, by the Attorney-General of the Federation.

The defendant was charged with culpable homicide contrary to section 221 of the Penal Code which is punishable with death by hanging.

Some of the testimonies accused Peter of beating and stomping her wife’s abdomen on several occasions.

The accusations were so serious that even his children confirmed that Peter Nwachukwu used to beat their mom when she was alive.

Do you have any news to share with us? WhatsApp us via +233558210224.
Or email us via [email protected].

Continue Reading

African News

Did you know Cornrows were used by slaves to escape slavery?

Published

on

Cornrows were used by slaves to escape

Did you know Cornrows were used by slaves to escape slavery?

Cornrows were used by slaves to escape slavery: Cornrows that have found their way in the modern hairstyle among women were used by slaves to transfer information and create maps to exit from their masters.

During the moment slaves were not given the opportunity to write or read and so they developed tactics in passing information through cornrow.

This hairstyle is believed to have originated from the Southern American nation Columbia in the 1500s when Benkos-Bioho curated this design idea of using the cornrow hairstyle to create maps in order to deliver messages. Cornrows were also called canerows to mean the sugarcane fields that slaves worked in.

One style had curved braids, tightly braided on their heads. The curved braids would represent the roads they would use to escape.

Also in their braids, they kept gold and hid seeds which helped them survive after they escaped. They would use the seeds to plant crops once they were liberated.

Cornrows were the best way to not give back any suspicion to the owner. He would never figure out such a hairstyle would mean they would escape or the route they would take.

This hairstyle has now become a dominant fashion among women, especially among African women. It is the simplest hairstyle to go with. It’s best for wearing hair wigs.

 


Culled from: Black History Moment

Do you have any news to share with us? WhatsApp us via +233558210224.
Or email us via [email protected].

Continue Reading

African News

Nigeria commits to pay off US$28.7 million capital arrears in Shelter Afrique

Published

on

Nigeria Finance Minister Dr Zainab Shamsuna Ahmed and Shelter Afrique MD Andrew Chimphondah

Abuja – January 11, 2022: The Federal Republic of Nigeria has pledged to pay the full capital arrear of US$28.7m in Shelter Afrique, Nigeria’s Finance Minister Dr. Zainab Shamsuna Ahmed disclosed at a meeting with Shelter Afrique Group Managing Director and CEO Mr. Andrew Chimphondah in Abuja.

The Minister further disclosed that the payment will be made in four installments starting January 2022.

In September 2020, the pan African housing development financier received US$$9.4 million from Nigeria. The contribution moved Nigeria to become the second-largest shareholding in the organization with 13.27% of the shareholding, behind Kenya with 17.78%, and ahead of the AfDB at 12.83%.

Lauding the government of Nigeria for its show of confidence in the institution and a stamp of approval for the organisation’s financial turnaround, Mr. Andrew Chimphondah said, “This is a major milestone which is set to propel Nigeria to become the largest shareholder in Shelter-Afrique when the country meets its capital commitment. This is a strong testament of the strong shareholder commitment and support of the Shelter Afrique Board and Management.”

Housing Bond

Shelter Afrique is planning to raise 250 Billion Naira Bond (US$500million) in 2022 to support its affordable housing projects in Nigeria. The Company is set to commence the road shows with prospective investors in January 2022 and is expected to conclude fundraising by end of February.

Shelter Afrique has embarked on a defined strategy of developing and deepening local capital markets so that access to local currency which is competitively priced can be made available to Nigerian Developers from the Real Estate Developers Association of Nigeria (REDAN), Large Developers and Tier 1 and Tier 2 Banks and Primary Mortgage Lenders. The significance of this is that Shelter-Afrique will have been successful in dealing with the foreign exchange exposure risks that have crippled many African countries caused by the weakening of local African currencies against hard currencies such as the United States Dollar and the British Pound Sterling,” Mr. Chimphondah said.

Thanking the Finance Minister Dr. Zainab Shamsuna Ahmed for supporting the Bond Issue by the approvals received on critical waivers from the Ministry of Finance, Mr. Chimphondah noted that Nigeria was a critical and strategic market for Shelter Afrique, adding that the fund realized from the bond issue will go a long way in address the affordable housing shortage in the country, now estimated at 17 Million Units against the continent’s 56 million units.

“As a response to addressing this housing shortage, Shelter Afrique will implement a transformative strategy that will crowd in additional capital funding into the low cost large scale affordable housing market in a commercially viable manner,” Mr. Chimphondah concluded.

Do you have any news to share with us? WhatsApp us via +233558210224.
Or email us via [email protected].

Continue Reading

Trending

%d bloggers like this: