ARISE IIP raises $443 million

The pan-African developer and operator of industrial parks ARISE IIP has announced a capital raise of $443 million.

The funding includes a $300 million investment from Afreximbank’s development impact investment arm, The Fund for Export Development in Africa (FEDA), securing a significant stake in ARISE IIP.

Additionally, the capital raise is supported by an additional $143 million contribution from the Africa Finance Corporation (AFC).

ARISE IIP’s total equity capital now exceeds $1 billion, with Africa Finance Corporation (AFC) holding a majority stake, followed by Afreximbank’s FEDA and Equitane as key shareholders.

The funds are intended to accelerate ARISE IIP’s fast expansion and operational efficiency across its 12-country portfolio, which comprises key markets such as Malawi, Cameroon, Sierra Leone, Benin, Togo, Ivory Coast, Rwanda, Gabon, DRC, Congo, Chad, and Nigeria.

Samaila Zubairu, President & CEO of AFC: “We are also delighted to formally welcome Afreximbank-FEDA as a new shareholder, having previously supported us through debt financing.”

President & Chairman of Board of Directors at Afreximbank, Prof. Benedict Okey Oramah, stated: “The capital boost will arm ARISE IIP with the financial muscle needed to drive Africa’s industrialisation, promote intra and extra-African trade and job creation”

Marlene Ngoyi, CEO of the Fund for Export Development in Africa (FEDA): “We are helping to create an environment that will drive economic diversification and boost value-added production.”

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