Africa Finance Corporation backs Itana’s $100 million Digital Economic Zone in Lagos

Oct. 1, 2024 - Nairametrics

The Africa Finance Corporation (AFC) has said it would lead the financing of Itana’s Digital Economic Zone, which is budgeted at around $100 million. The projectThe Itana Digital Economic Zone in Lagos, Nigeria is intended as an online jurisdiction and to serve as a gateway to build a global business in Nigeria.

AFC will also support the roll-out of the Itana Digital Economic Zone for global and Pan-African tech, finance, and service-based businesses seeking to operate across Africa. What you should knowItana, Nigeria’s first licensed digital economic zone management company.

As the first of its kind in Africa, the Digital Zone project to be hosted in Alaro City, an integrated, mixed-use city planned on over 2,000 hectares in the Lekki Free Zone, is poised to make Nigeria a powerhouse in the global digital economy...