African Diaspora Development Institute (ADDI) to rebuild Cape Coast as a modern city.
The City of Cape Coast has signed a Memorandum of Understanding with African Diaspora Development Institute (ADDI) and two local companies, to pave the way for the creation of an Ultra-Modern Smart City christened, WAKANDA CITY OF RETURN in Cape Coast Oguaa.
On 12th November, 2020 the City of Cape Coast and ADDI will host a global virtual press conference to announce the creation of this defining project, Wakanda City of Return.
Leveraging on the heritage and cultural tourism asset of Ghana, the partners desire to create a place of pilgrimage for the people of African descent to know about their history, culture, civilization of Africa and our role in the creation of the new world economy.
The project is a private sector-led initiative to develop the coastline and new areas of Cape Coast by creating a heritage experience with the provision of 5-Star hotels, retreat/ health resort, conference center, entertainment and the construction of the Ultra-Modern continental corporate headquarters for ADDI.
The two local companies involved in this joint venture with African Diaspora Development Investment are The Pelicape Limited and Adepa Africa Investments. The project is expected to creat about three thousand (3,000) jobs in the Cape Coast area.
The project couldn’t be timed better, as the country is benefiting from the presidential initiative of the hugely successful “Year of Return” and the “Beyond the Return” tourism initiatives. The recent announcement by the government to build an airport in Cape Coast also ties in perfectly with such a strategic heritage tourism project like Wakanda City of Return.
