Afromedia Announces Major Investment In Its Solar Cities Project

MOU signed with China Aerospace to Construct 40,000 Ultra modern Housing Units in 11 African Countries

New York City, New York Oct 24, 2018 (Issuewire.com)  - Afromedia News Corp announced today the signing of the Memorandum of Understanding (MOU) with China Aerospace Construction Group Corporation (CACGC). The MOU which called for a continuous collaboration between the parties will provide 40,000 modern, green energy housing units in 11 African countries.

“These completely designed and constructed communities across Africa, called the Solar Cities, will provide constant green electricity, powered by Solar and Hydrogen Technology, for more than 10,000,000 Africans in the next ten years,” says Dr. Idris Olagoke Badmus, Afromedia Chairman and CEO, during the announcement.  

Solar Cities will create the distribution hubs for Afromedia News Corp Ecommerce Platform around Africa, to facilitate distribution and free movement of more than 50,000 varieties of African goods within the continent.

In his address during the signing of the MOU in Beijing, Dr. Zents Kunle Sowunmi, Afromedia President and Publisher, explained the impact the Afromedia Ecommerce Platform will bring to the African Economy. “Solar Cities across Africa will afford more than 1 billion Africans the real-time platform to trade services and good, with the capacity to create a trillion Dollars untapped economy”.

Dr. Li Naihong, the Vice President of CACGC, reaffirmed the commitment of the corporation to work with Afromedia News Corp to provide the technical, financial and construction support to complete the Solar Cities and move the African Economy to the next level.

Afromedia CEO concluded the press conference with some figures and facts for the Solar Cities. Dr. Badmus said each city will cost about 150 Million USD to complete, house average of 12,000 Residents, with another 2,500 workers and provide goods and services for more than 50 million Africans.

 “Solar Cities” is a registered Trade Mark of Afromedia News Corp. New York.

 http://www.jzsj.casic.cn  for information about CACGC

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Categories : Investment , Media , Multimedia , Publishing , Real Estate
Tags : Afromedia News Corp , Afromedia Group , Solar Cities , http://www.jzsj.casic.cn , Dr. Idris Olagoke Badmus

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