Industrial development in Africa is set to receive a significant boost following the successful fundraising of $443 million by ARISE IIP. This influx of capital aims to speed up industrial growth across the continent.

Afreximbank and AFC Invest $443 Million in ARISE IIP for Industrial Transformation Across Africa

ARISE Industrial and Infrastructure Partners (ARISE IIP), a pan-African developer and operator of world-class industrial parks, has announced a capital raise of US$443 million. The strategic US$300 million investment comes from The Fund for Export Development in Africa (FEDA), the development impact investment arm of African Export-Import Bank (Afreximbank), while Africa Finance Corporation (AFC) contributes an additional US$143 million.

This investment underscores the strategic nature of the investment, as it focuses on industrial transformation and global value chains, and aligns with Afreximbank's mandate to foster intra-African and extra-African trade. FEDA and Equitane, another key shareholder in ARISE IIP, secure significant stakes in the company with this investment.

The funds raised will accelerate the expansion and operational efficiency of ARISE IIP's 12-country portfolio, which includes key markets such as Malawi, Cameroon, Sierra Leone, Benin, Togo, Ivory Coast, Rwanda, Gabon, DRC, Congo, Chad, and Nigeria. The expansion of ARISE IIP's portfolio is intended to support industrial development in multiple African countries, enhancing Africa's role in global value chains.

This investment builds upon a longstanding debt funding relationship between ARISE IIP and Afreximbank, which has provided approximately US$2 billion over the past 12 years to support ARISE IIP's investments across Africa. With this capital injection, ARISE IIP's total equity capital now surpasses US$1 billion.

The investment in ARISE IIP aims to drive industrial transformation across Africa, providing opportunities for economic growth and job creation. It is expected to have a significant impact on Africa's role in global trade, further integrating the continent into the global economy.

AFC holds the majority stake in ARISE IIP, demonstrating a commitment to the company's mission and vision. The investment's potential impact on Africa's industrial sector and global trade is highlighted as a significant aspect of the investment.

The search results do not provide the founding date of the organization Equitane, which is a main shareholder of ARISE IIP. Therefore, this information is not available from the given sources.

In conclusion, the US$443 million capital raise for ARISE IIP is a significant step towards industrial transformation in Africa. The strategic investment from Afreximbank's FEDA and AFC, coupled with AFC's majority stake, positions ARISE IIP for continued success in its mission to develop world-class industrial parks across the continent.

Industrial development in Africa is set to receive a significant boost following the successful fundraising of $443 million by ARISE IIP. This influx of capital aims to speed up industrial growth across the continent.