The African Export-Import Bank (Afreximbank) is set to break ground on a five-hectare plot of land granted to it by the government of Imo State, for the development of an internationally accredited quality assurance centre in the state.
Afreximbank is supporting the establishment of such internationally accredited African Quality Assurance Centres (AQACs) across Africa and this is the first in the region.
A statement explained that the project seeks to raise the confidence of importers in African products and to enhance the competitiveness and attractiveness of “Made-in-Africa” products.
The Imo State Governor, Emeka Ihedioha, who presented the certificate of occupancy to Afreximbank President Prof
. Benedict Oramah, pledged the commitment of the government and people of the state to seeing to the successful execution of the project.
Ihedioha revealed that the state planned to take full advantage of the opportunities that would be created by the project, which, he noted was coming at a time when the state was on a transformation programme through industrialisation.
In his response, Oramah thanked the government and people of Imo state for its support sharing that project would generate new employment opportunities in the state.
He pledged that Afreximbank would work with African governments and sub-sovereigns committed to making the lives of their people better and was ready to work with the Imo state government on the development of some of the projects it was pursuing, including the dry port in the state.
Afreximbank had announced the AQAC initiative in October 2019 to tackle non-compliance with international standards and technical regulations.