THE newly crowned traditional ruler of Isiagu Ancient Kingdom in Awka-South Council of Anambra State, Igwe Augustine Nwankwo, has signed a memorandum of understanding (MoU) with some Chinese investors for the establishment of some industries in his community.
This was disclosed to journalists at a press briefing at the weekend during a joint consultative meeting between the Chinese investors who came to inspect the sites and the monarch in his palace.
According to Nwankwo, the industries would be established in phases, beginning with the construction of two factories for the production, distribution and marketing of Global System of Mobile (GSM) communications telephone handsets accessories, and another for bags production, in the first quarter of next year.
The visit of the investors and the MoU, the monarch noted, came within two weeks of his ascending the throne and in partial fulfilment of his promise to Isiagu citizens that he would use the platform of his new office to attract development and investors to the community.
By Chuks Collins, Awka