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Tuesday, 22 January 2019
Zambia And Zimbabwe Offer Land To African Union For First SADC Multi-Billion Dollar Wakanda One Village Project
Zimbabwe and Zambia have offered 2,000 and 132 hectares of land respectively around the Victoria Falls area── which borders the two countries── for the construction of the Wakanda One Village.
The project will serve as the first of the project in the Southern African region and will comprise a 100-bed teaching hospital, a university and technical college, primary and secondary schools, day-care centres, three five-star hotels, game lodge, pharmaceutical manufacturing plant, agricultural farms and parks.
The infrastructure will also include a shopping centre, commercial office buildings, renewable power plants, a monorail around the complex and roads ready to support self-driving electric cars.
Zambia made its offer in March and Zimbabwe’s offer was confirmed by African Union Ambassador to the United States of America Dr. Arikana Chihombori-Quao at the recently held Intra African Trade Fair in Cairo, Egypt.
“I met His Excellency President Mnangagwa recently and he offered us 2000 hectares for the regional Wakanda One Village in Victoria Falls.
The offer comes after the Zambian Government offered some land across the river in Livingstone. We are looking at building a village transcending the borders of the two countries,” she told Zimbabwean journalist Sydney Kawadza in an interview.
The project targets Africans in the diaspora who want to help build the continent to the level they want it to be, Ambassador Chihombori-Quao said earlier this year.
“You know, when you talk about a ‘good Africa’ or returning home, many people say ‘Well, [Africa] is not what I’m used to,’ and to that I always tell them, ‘Then build the home you want,” she said at the launch of the African Diaspora Global Bank.
“We don’t even realize we are on autopilot waiting for the White man to build this ‘civilization’ for us. So we are taking our destiny into our own hands and creating something built for and by the people of the African diaspora,” she added.
The African Union said it will first sensitize the Diaspora before forming an investment board from all the regions of Africa headquartered in Washington DC to manage the fund and decide on the value of shares and conversion factors.
“The establishment of an Investment Board should lead to the opening up of the African Diaspora Savings and Investment Accounts in the four banks. We will also encourage African Diaspora to open individual accounts with a minimum deposit of US$10 a month while the board will decide on the transition to a credit union,” Dr Chihombori-Quao said.
“We are looking at raising at least US$2 billion in the next two years with the first ground breaking set for the end of the year 2020 … We are going to build the Africa that we want so those Diasporans who say I cannot go home because home is not what I am used to will make it what they want,” she added.
Dr. Chihombori-Quao also revealed that Kenya and Tanzania have also pledged land for East Africa’s Wakanda One Village project.