ARISE IIP Secures US$443M Capital Raise to Drive Pan-African Industrial Expansion

AFC remains the majority stakeholder in ARISE IIP, with key shareholders including Afreximbank's FEDA and Equitane.

ARISE IIP, a leading developer and operator of industrial parks across Africa, has successfully raised US$443 million in new capital, marking a significant boost in its efforts to drive industrial development across the continent. This funding includes a major US$300 million equity investment from the Fund for Export Development in Africa (FEDA), the development impact investment arm of Afreximbank, and an additional US$143 million contribution from Africa Finance Corporation (AFC). This brings ARISE IIP's total equity capital to over US$1 billion.

Afreximbank’s strategic investment secures FEDA a significant stake in ARISE IIP, further solidifying the long-standing partnership between the two organizations, which has seen Afreximbank provide over US$2 billion in debt financing to ARISE IIP over the past 12 years. AFC remains the majority stakeholder in ARISE IIP, with key shareholders including Afreximbank's FEDA and Equitane.

The capital raise is intended to accelerate ARISE IIP’s ambitious expansion across its 12-country portfolio, including key markets such as Malawi, Cameroon, Sierra Leone, Benin, Togo, Ivory Coast, Rwanda, Gabon, the Democratic Republic of Congo, Chad, and Nigeria. The funds will also enhance operational efficiency, boosting Africa's role in global value chains and supporting the continent’s industrial transformation.

Gagan Gupta, Founder and CEO of ARISE IIP, expressed confidence in the partnership, stating, "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."

Prof. Benedict Okey Oramah, President of Afreximbank, emphasized the alignment of the investment with Afreximbank's strategic objectives, noting, "The capital boost will arm ARISE IIP with the financial muscle needed to drive Africa’s industrialization, promote intra- and extra-African trade, job creation, and general economic growth."

FEDA CEO, Marlene Ngoyi, highlighted the importance of fostering sustainable industrial growth, adding, "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 & CEO of AFC, welcomed the participation of Afreximbank-FEDA as a shareholder, stressing the importance of continuing to drive industrialization and sustainable economic growth across Africa through their expanded project pipeline.

This investment is set to further solidify Africa's industrial growth, driving job creation, economic development, and positioning the continent more competitively in global markets.