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LUMI Launch Signals Economic Transformation for West Africa and Vanuatu

Priscilla Anthony
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In a historic move towards economic transformation, the Vanuatu Trade Commission of Ghana and ECO-6 Lumi have formalized their strategic partnership, ushering in a new era of sustainable development for West Africa and the Republic of Vanuatu.

The agreement, signed by key representatives including H.E. AMB. PROF. HUGH KEKU ARYEE and H.R.M. REX SEMAKO I & VI KING TIMOTHY ELISHA MCPHERSON, outlines a comprehensive plan for collaboration in crucial sectors such as renewable energy, infrastructural development, and economic growth. The focus on poverty eradication, improved living standards, and employment underscores the commitment to achieving tangible results.

One of the most notable aspects of this partnership is the introduction of the LUMI, a hard currency pegged to solar energy and gold. Unlike cryptocurrencies, LUMI offers stability and is backed by tangible assets, making it a reliable medium for trade and economic transactions. The Vanuatu Trade Commission’s active involvement in the LUMI stimulus programs reflects a commitment to empowering farmers and addressing food security concerns across Africa and the Diaspora.

Entrepreneurs and business owners are encouraged to register on the Swifin Platform to access a US$10,000 equivalent in LUMI, providing a boost to economic activities. Financial institutions, Fintech companies, and individuals are also invited to join the ecosystem, facilitating the trade of LUMI for various products and services in Ghana, West Africa, and Vanuatu. The expected onboarding process, scheduled for the end of Q1 2024, signals the imminent integration of LUMI into the digital marketplace.

H.R.M. Rex Semako I & VI King Timothy Elisha McPherson, Chairman of ECO-6, emphasized the global significance of LUMI, anticipating its role in bringing economic integration and monetary stability to Africa and the Diaspora. As approximately 80% of African people lack access to a bank account, LUMI stands to provide financial inclusion, unlocking new opportunities for economic freedom and prosperity.

The agreement between the Vanuatu Trade Commission and ECO-6 is not only a strategic alliance but also aligns with climate action, poverty eradication, and sustainable development targets. The Republic of Vanuatu, now a focal point for massive infrastructural development, joins the global shift towards the fourth industrial revolution and the emerging digital marketplace.

H.E. Amb. Prof. Hugh Aryee, The Vanuatu Trade Commissioner, expressed optimism about the potential impact of LUMI on economic growth and development in Continental Africa, the 6th region of Africa, and the Pacific nation of Vanuatu. The launch of ADCB Lumi is set to bring financial stimulus packages to millions, marking a significant step towards fostering economic inclusion and prosperity for the African continent and beyond. Read Similar Story

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