The Ekiti Knowledge Zone (EKZ) is set to transform into West Africa's premier tech hub following an $80 million investment from the African Development Bank (AfDB). The project will drive innovation, attract international tech companies, and create thousands of jobs, focusing on youth and women. Spanning a 209-hectare site, the EKZ will serve as a beacon of growth for the region.
EKSG PRESS RELEASE
African Development Bank Approves $80 Million Loan For Ekiti State Knowledge Zone Development
Ado-Ekiti | Tuesday | November 28, 2023. Ekiti State is set to become West Africa's premier tech hub with the African Development Bank's (AfDB) approval of an $80 million loan to support the development of the Ekiti Knowledge Zone.
The financing will help fund the construction of world-class infrastructure within the 209-hectare zone, including reliable power supply, high-speed internet connectivity, roads, and modern office facilities designed to attract tech startups, BPO companies, and research institutions.
According to the Ekiti State Government, this strategic investment aligns with the state's vision of transitioning into a knowledge-driven economy. By creating an enabling environment for innovation, the zone aims to reduce youth unemployment and drive sustainable economic diversification.
Ekiti State Government Website