Nigerian billionaire and CEO of Wisdom Kwati Group, Wisdom Kwati, has proposed a $5 billion investment aimed at driving growth in Sierra Leone’s real estate and aviation sectors.
Kwati presented the plan during a meeting with Sierra Leone’s Vice President, Mohamed Juldeh Jalloh, in Freetown, where both parties explored opportunities for significant investment in the country’s infrastructure.
Kwati’s proposal highlighted the development of sustainable, technology-driven cities, taking inspiration from large-scale projects like Lagos’ Eko Atlantic, which focuses on modern infrastructure while incorporating eco-friendly technologies. “Sierra Leone offers a unique opportunity to create forward-thinking urban developments that not only meet housing needs but also align with global sustainability goals,” Kwati said after the meeting. “We aim to develop cities that are future-ready, blending cutting-edge technology with green building practices to ensure sustainable growth.”
The proposed urban projects in Sierra Leone would prioritise environmental sustainability, incorporating renewable energy, efficient water use, and sustainable construction materials. These developments would also address urban planning challenges by creating spaces that integrate smart technology, ensuring long-term resilience and a reduced carbon footprint. Kwati emphasized the importance of ensuring these developments remain accessible and affordable, bringing quality urban living to a broader population.
Alongside real estate, Kwati plans to significantly expand his airline, Kwati Air, which recently launched the first direct commercial flight between Nigeria and Sierra Leone. With a vision to improve air connectivity across West Africa, Kwati intends to expand Kwati Air’s routes to other African countries, fostering better links within the continent. “Air transport is essential for regional economic growth,” he explained. “By expanding our routes, we aim to facilitate trade, tourism, and greater collaboration between African nations.”
Sierra Leone’s Vice President, Mohamed Juldeh Jalloh, welcomed Kwati’s proposal, acknowledging the positive impact such large-scale investments could have on the country’s infrastructure and economic landscape. “This is a crucial time for Sierra Leone’s development, and strategic investments like these will support our long-term goals,” the Vice President remarked, adding that the collaboration could set new standards for real estate and aviation in the region.
The investment proposal comes at a time when Sierra Leone is focused on rebuilding its economy and infrastructure, with a strong emphasis on sustainability. If realized, these projects could help position the country as a leader in environmentally responsible urban development and enhanced air connectivity within West Africa.
Kwati’s initiatives align with a growing trend among African entrepreneurs who are leveraging sustainable development to drive economic growth, as demonstrated by the success of Wisdom Kwati Smart City estates in Idu, Karshi, Katampe, and Adamawa, Nigeria. As discussions advance, the proposed $5 billion investment underscores a commitment to innovation, sustainability, and deeper regional integration in Sierra Leone.
Last modified: October 4, 2024
