Dubai-based top company Bluefin Gold Group (BGG) has shifted its focus to the African continent in a development meant to influence massive infrastructure development, smart technologies and artificial intelligence (AI).
The development is highly welcome as it will result in massive job creation on the continent.
BGG has interests in large scale infrastructure development and smart technology driven projects and investment for governments and businesses.
Charles Nyabaya, an executive director and shareholder of BGG, said they will be introducing new construction technologies that will see builders able to build a three bed low cost house in three days there by being able to do mass production of houses per year.
The company said it will build low cost houses with the entire infrastructure at a very affordable cost. These projects will be based on Built Operate and Transfer models.
The houses will be paid for over a period of 15 to 25 years.
“After having realised that despite all these companies coming into Africa saying they are investors, there is no significant change that they bring in many African countries in terms of infrastructure development and economic growth,” Nyabaya said.
“They invest a fraction of what they take out of the countries. Africa now needs to focus on its own beneficiation.
“We want to set the pace for the rest of African companies so that they also join the moving train with the vision only focused on developing Africa.
"We will be embarking on a lot of business seminars, conferences and forums where the focus will be on Africa and the vision of turning Africa into a multi trillion dollar economy through infrastructure development, Smart technologies and AI.”.
Nyabaya said the response has been amazing as they have secured contracts for infrastructure development and smart technologies from quite a few countries.
“We are in the middle of preparing the first huge conference for 2024, where we intend to share ideas with all decision makers in governments and business in Africa and beyond,” he said.
“We are looking at hosting the Global Investment Conference for Africa where we intend to mobilise all the big investors for Africa, that will invest with a very low reasonable interest rate that will not choke any country into debt.
“We intend to convince all big construction companies and AI experts to join us in the programme of rebuilding Africa brick by brick, sector by sector until we are able to help African governments to create multi trillion dollar economies insuring Africa becomes a first world continent.”
Nyabaya, also a philanthropist, was optimistic about the future of Africa given the number of investors that are ready to invest in some countries on the continent on the right infrastructure development projects and smart technologies.
He said as an African born in Zimbabwe he understands the plight of the African children and together with his partners they will achieve the goal.
“We need to have free education and medical services for the marginalised people in Africa, these two sectors are key.”