ARISE Integrated Industrial Platforms (ARISE IIP), a pan-African developer and operator of world-class industrial parks, and Africa Finance Corporation (AFC), a leading provider of infrastructure solutions in Africa, announced on Thursday in Lagos, Nigeria the signing of a Memorandum of Understanding (MoU) to establish a $100 million (USD) fund to support businesses established within ARISE IIP’s industrial parks.
At the heart of this partnership is a shared vision to support African businesses in Arise IIP’s SEZs by providing them with the financing and advisory services needed to drive their growth. AFC will also actively seek financing from Export Credit Agencies (ECAs), local and regional financial institutions to leverage funds to support these businesses. This concerted effort underscores ARISE IIP and AFC’s commitment to industrialization, job creation and economic prosperity in Africa.
Under this partnership, AFC’s full range of financial services will extend beyond financing to include financial advice on corporate finance, equipment finance and market entry, including assistance for joint ventures and technical partnerships, to ensure they are well equipped to seize opportunities and thrive within industrial parks. By leveraging AFC’s extensive network and expertise, ARISE IIP aims to cultivate a vibrant ecosystem that fosters entrepreneurship and drives sustainable economic development across the continent.
Commenting on the partnership, Gagan Gupta, CEO of ARISE IIP, said: “ARISE IIP is all regarding empowerment. By empowering our clients and ensuring they have the strong financial backing they need to achieve their business goals, this collaboration with our long-standing partner AFC brings us one step closer to realizing our vision of an industrialized and prosperous Africa.”
Samaila Zubairu, AFC Chief Executive Officer, said: “This partnership marks a significant milestone in our commitment to provide strategic financial advisory and corporate finance services to companies focused on value creation and import substitution projects in Africa. By collaborating with our company Arise IIP and companies located in the Special Economic Zones, we aim to foster an ecosystem that will increase trade, create jobs and drive economic progress on the continent.”
About ARISE IIP
ARISE Integrated Industrial Platforms (ARISE IIP) is a pan-African developer and operator of world-class industrial parks, committed to the economic transformation of the continent. We identify opportunities in commercial and industrial value chains across Africa, design, finance, build and operate the necessary infrastructure, thereby playing a catalytic role while supporting countries in their transition to an industrial economy. We are driven by the pursuit of green growth. Our ambition is to unlock the continent’s industrial potential while neutralizing our carbon emissions and climate impact. ARISE IIP currently operates in 11 countries, including Benin (GDIZ), Togo (PIA), Gabon (GSEZ), Côte d’Ivoire (ZIC), Nigeria (IPRFZ), Republic of Congo (PIC), Democratic Republic of Congo (CIP), Sierra Leone (SIZ), Malawi (MIP), Rwanda (BSEZ) and Chad (Laham Chad).
ariseiip.com
About Africa Finance Corporation
Africa Finance Corporation (AFC) was established in 2007 to catalyse tangible investments in infrastructure and industry across Africa. AFC’s approach combines specialist industry expertise with a focus on financial and technical advisory, project structuring and development, and venture capital to address Africa’s infrastructure needs and drive sustainable economic growth.
Seventeen years later, AFC has established a reputation as a preferred partner in Africa for investing in and delivering high-quality, critical infrastructure assets, delivering much-needed services in key sectors such as energy, natural resources, heavy industry, transport and telecommunications. AFC has 43 member countries and has invested US$13 billion across Africa since its inception.
Source : Com ARISE IIP
2024-07-19 21:51:09
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