Grace Ashiru
ARISE IIP, a leading pan-African developer and operator of world-class industrial parks, has announced a major capital raise of US$443 million.
This funding includes a strategic US$300 million investment from the development impact investment arm of African Export-Import Bank (Afreximbank), The Fund for Export Development in Africa (FEDA), securing FEDA a significant stake in ARISE IIP. In addition, the capital raise is bolstered by a US$143 million contribution from Africa Finance Corporation (AFC). 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. AFC holds the majority stake, followed by Afreximbank’s FEDA and Equitane as key shareholders.
This substantial investment aligns strategically with the objectives of both ARISE IIP and its investors to drive industrial transformation across Africa. The funds will be used to 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.
This investment is expected to enhance Africa’s role in global value chains, aligning with Afreximbank’s mandate to foster intra-African and extra-African trade.
