ARISE IIP, a leading pan-African developer and operator of industrial parks, has teamed up with Africa Finance Corporation (AFC), a prominent infrastructure solutions provider, to establish a new $100 million capital pool. This fund is dedicated to supporting African entrepreneurs who are setting up operations within ARISE IIP’s Special Economic Zones (SEZs) across the continent.
Shared Vision for Growth
The partnership between ARISE IIP and AFC is driven by a common goal to uplift African entrepreneurs. The $100 million capital pool will provide essential financing and advisory services to stimulate growth and development in these SEZs. AFC will also seek additional funding from Export Credit Agencies (ECAs) and local and regional financial institutions to further support these enterprises.
Comprehensive Support Services
AFC’s role in this initiative goes beyond mere financing. The corporation will offer a range of financial advisory services, including support for corporate finance, equipment financing, and market entry. Additionally, AFC will assist with joint ventures and technical partnerships for sponsors who need it. This comprehensive support aims to ensure that entrepreneurs are well-prepared to capitalize on opportunities and thrive within the SEZs.
Commitment to Industrialization and Economic Prosperity
Gagan Gupta, CEO of ARISE IIP, emphasized the empowerment aspect of this partnership: “ARISE IIP is about empowerment. By providing robust financial support to our customers, this collaboration with Africa Finance Corporation helps us move closer to our vision of an industrialized and prosperous Africa.”
Samaila Zubairu, President & CEO of AFC, highlighted the significance of the partnership: “This collaboration is a major milestone in our commitment to delivering strategic financial advisory and corporate finance services. By working with ARISE IIP and African entrepreneurs in our Special Economic Zones, we aim to enhance trade, create jobs, and drive economic advancement across Africa.”
