ARISE IIP and Africa Finance Corporation launch $100m capital pool
$100 million capital pool for companies that are establishing operations within Arise IIP's special economic zones in Africa.
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ARISE IIP, the pan-African developer and operator of industrial parks, and Africa Finance Corporation (AFC), announced the signing of a memorandum of understanding to establish a dedicated $100 million capital pool for companies that are establishing operations within any of the Arise IIP special economic zones (SEZ) in Africa.
AFC will also actively seek financing from export credit agencies as well as local and regional financial institutions to mobilise funding to support these companies.
Under this partnership, AFC’s suite of financial services will extend beyond financing to include financial advisory support for corporate finance, equipment financing and market entry, including assisting with joint ventures and technical partnerships for sponsors that may require it, to ensure they are well-equipped to seize opportunities and thrive within the SEZs.
Gagan Gupta, CEO of ARISE IIP said: “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-lasting partner, takes us one step closer to realising our vision of an industrialised and prosperous Africa.”
Samaila Zubairu, president and CEO of AFC said: “This partnership marks a significant milestone in our commitment to offer strategic financial advisory and corporate finance services to firms focused on value capture and import substitution projects in Africa. By collaborating with our investee company Arise IIP and companies in our special economic zones, we aim to foster an ecosystem that will increase trade, create jobs, and drive economic advancement on the continent.”
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