Fund for Export Development in Africa participates in ARISE IIP's $443m raise
ARISE Integrated Industrial Platforms is a pan-African developer and operator of industrial parks.
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ARISE Integrated Industrial Platforms (ARISE IIP), a pan-African developer and operator of industrial parks, has announced a significant capital raise of $443 million.
The funding includes a strategic $300 million investment from Afreximbank’s development impact investment arm, the Fund for Export Development in Africa (FEDA). The capital raise is supported by an additional $143 million contribution from Africa Finance Corporation (AFC). This investment builds on a debt funding relationship of over 12 years between ARISE IIP and Afreximbank, during which about $2 billion has been provided to support ARISE IIP’s investments across Africa.
ARISE IIP's total equity capital now exceeds $1 billion, with AFC holding a majority stake, followed by Afreximbank’s FEDA and Equitane as key shareholders.
The funds are intended to accelerate ARISE IIP's fast expansion and operational efficiency across its 12-country portfolio, that comprises key markets such as Malawi, Cameroon, Sierra Leone, Benin, Togo, Ivory Coast, Rwanda, Gabon, DRC, Congo, Chad, and Nigeria.
Gagan Gupta, founder and CEO of ARISE IIP said: “This equity partnership with Afreximbank significantly enhances our financial capacity to execute our pan-African industrial development strategy. It's a strong vote of confidence in our business model and growth prospects.”
Marlene Ngoyi, CEO of FEDA stated: “Our investment in ARISE IIP is a critical step towards fostering sustainable industrial growth across Africa. By supporting the development of high-impact industrial infrastructure, we are helping to create an environment that will drive economic diversification, boost value-added production, and position Africa as a key player in global trade.”
Samaila Zubairu, president and CEO of AFC said: “I would like to thank the board and management for their unwavering support in our shared mission to transform African economies. Our journey towards capturing greater value within the continent, by converting raw materials into intermediate and finished goods, has already shown significant progress in three countries, with an expanding pipeline of projects in ten more. This success reinforces our commitment to further support and invest in this important initiative, including our latest equity investment of $143 million. We are also delighted to formally welcome Afreximbank-FEDA as a new shareholder, having previously supported us through debt financing. Their participation, alongside other prospective investors, is a testament to the strength and de-risked nature of our ecosystem value chain industrial platform. We look forward to continuing our partnership to drive industrialisation and sustainable economic growth across Africa.”
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