Borno State Governor  Babagana Umara Zulum has made significant strides in attracting $100million  investments to his state at the Foreign Investment Network (FIN) Deal Room/MoU Signing Ceremony and Forbes Best of Africa Award held at the Forbes Center in New York at the sideline of the ongoing United Nations General Assembly (UNGA) in the United States.

During the ceremony, Governor Zulum accepted to collaborate with the International Data Center Authority (IDCA) to develop digital infrastructure and boost sustainable digital economies in Africa.

The IDCA Chairman and CEO, Mehdi Paryavi, also emphasized Africa’s vast potential, citing projections of $4 trillion in GDP by 2028, saying that “Africa needs substantial investments to reach its destiny.”

Other MoUs facilitated by FIN include: agreements between Borno State Government and GTIF Capital to collaborate on investments and development projects in esports, technology, healthcare, media, and branding;

African Tourism Union to promote tourism, trade, and investment in Borno State through joint initiatives; Altitude Water to deploy Atmospheric Water Generators (AWGs) in Borno State and The Philanthropist to raise funds for youth education in Borno State.

It is instructive to note that FIN also signed MoUs with Asian-African Chamber of Commerce & Industry – USA and Japan Chapter and 99 Infosystems to promote trade, investment, and economic development between Africa and Asia, and to promote AI technology solutions in African countries.