ARISE IIP, a pan-African developer and operator of industrial parks, has secured $443 million in new capital. The investment will fuel its expansion and operational efficiency across 12 African countries, including key markets like Nigeria, Benin, and Rwanda.
The funding includes a $300 million investment from Afreximbank’s development impact investment arm, The Fund for Export Development in Africa (FEDA).
Additionally, Africa Finance Corporation (AFC) contributed $143 million. This deal marks a major milestone in a 12-year debt relationship between ARISE IIP and Afreximbank, which has already provided $2 billion in funding.
ARISE IIP’s total equity capital now exceeds $1 billion. AFC holds the majority stake, followed by Afreximbank’s FEDA and Equitane as key shareholders.
Capital Boost to Drive Africa’s Industrial Transformation
This significant capital raise will advance ARISE IIP’s goal of industrializing Africa. The company operates in countries like Cameroon, Gabon, and the Democratic Republic of Congo, fostering industrialization through infrastructure development.
Gagan Gupta, Founder and CEO of ARISE IIP, expressed his excitement about the equity partnership with Afreximbank.
He 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.”
Afreximbank’s President, Prof. Benedict Okey Oramah, also emphasized the strategic importance of the investment.
“We are very pleased with our latest investment in ARISE IIP which is aligned with Afreximbank’s strategic pillars of promoting intra-African trade and facilitating industrialization and export development across Africa.”
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Expanding Industrial Growth and Job Creation
The capital injection is expected to help ARISE IIP play a stronger role in global value chains. It also aligns with Afreximbank’s mandate to promote intra-African and extra-African trade.
Marlene Ngoyi, CEO of FEDA, highlighted the broader impact of the investment. “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.”
AFC President and CEO Samaila Zubairu shared his excitement about the future of ARISE IIP. “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.”
The funds will support the efforts of ARISE IIP’s to industrialize Africa, boost exports, and create jobs across the continent.