The launch of this $100 million fund by AFC and ARISE IIP is part of a broader partnership between the two institutions, aimed at stimulating industrialization and economic development in Africa.
Strategic Investment
ARISE Integrated Industrial Platforms, the pan-African developer and operator of industrial parks, and Africa Finance Corporation announced in a recent joint statement the signing of a partnership agreement to launch a $100 million fund to support African industrial enterprises.
Empowering Businesses in Special Economic Zones
This fund is part of a partnership that aims to provide financing and advisory services to companies setting up in Arise IIP’s Special Economic Zones (SEZs) located in a dozen African countries.
AFC will also actively seek financing from Export Credit Agencies (ECAs) and local and regional financial institutions to mobilize additional funds to support these businesses.
Fostering Value Creation and Import Substitution
“This partnership marks a significant milestone in our commitment to provide strategic advisory and financing services to companies focused on value capture and import substitution projects in Africa.
By collaborating with our investment company, Arise IIP, and African entrepreneurs located in special economic zones, we aim to foster an ecosystem that will increase trade, create jobs, and stimulate economic progress on the continent,” commented AFC CEO Samaila Zubairu, quoted in the statement.
Empowering Entrepreneurs for a Prosperous Africa
“ARISE IIP is about empowerment. By empowering our customers and ensuring they have the robust financial support needed to meet their operational objectives, this collaboration with Africa Finance Corporation, our long-standing partner, takes us one step closer to realizing our vision of an industrialized and prosperous Africa,” said Gagan Gupta, CEO and founder of ARISE IIP.