Fund for Export Development in Africa (FEDA) and Africa Finance Corporation (AFC) power ARISE IIP’s US $443 Million Capital Raise
ARISE IIP, a leading pan-African developer and operator of world-class industrial parks, has announced a significant capital raise of US$443 million.
The funding includes a strategic US$300 million investment from Afreximbank’s development impact investment arm, The Fund for Export Development in Africa (FEDA), securing Afreximbank’s FEDA a significant stake in ARISE IIP. Additionally, the capital raise is supported by an additional US$143 million contribution from Africa Finance Corporation (AFC). This investment builds on debt funding relationship of over 12 years between ARISE IIP and Afreximbank, during which about US$2 billion has been provided to support ARISE IIP’s investments across Africa.
Photo courtesy of A.Davey.
Source: ARISE Integrated Industrial Platforms (link opens in a new window)
