Right now, it’s nothing more than an empty plot of land, covered by just a few shrubs and the odd Neem tree. But within a few years, these grass plains just outside Accra, Ghana, could be transformed into a fertile breeding ground for world-class innovation.
Earlier this month, Ghanaian president John Mahama launched Hope City, a $10 billion high-tech hub aiming to foster technological growth and attract major players in the global ICT industry to the West African country.
The ambitious project is the brainchild of Ghanaian businessman Roland Agambire, head of local technology group RLG Communications. Smart and futuristic, the hub’s sustainable facilities will include an assembly plant for various tech products, business offices, an IT university and a hospital, as well as housing and recreation spaces, including restaurants, theaters and sports centers.
“What is lacking in the African continent is a place where you can have well-designed products, backed with concrete research and proper hardware and software developers to be able to create infrastructure for the telecoms industry,” says Agambire, 39, whose company has acquired the land where the technopolis will be built.
“So the inspiration behind Hope City is to have an iconic ICT park where ICT players from all over the world can converge to design, fabricate and export software and everything arising from this country,” he adds.
Construction is expected to begin by June 2013 and when completed — within three years, if everything goes as planned — the technology park could house 25,000 residents and create jobs for 50,000 people.
Agambire, one of Ghana’s top businessmen, says his company is financing 30% of the project, while the remainder will be funded by a wide array of investors and through a stock-buying scheme.
Read the full story at CNN.