African Developer and Operator of Integrated Industrial Zones Secures $443m for Expansion.

Arise Integrated Industrial Platforms (ARISE IIP), a prominent African developer and operator of integrated industrial zones, has successfully secured an investment totalling $443 million.

The funding comprises $300 million from the Fund for Export Development in Africa (FEDA), under the management of Afreximbank, and an additional $143 million from Africa Finance Corporation. 

ARISE IIP is a collaborative venture between Africa Finance Corporation Equity, which holds a 75.9% stake, and The Africa Transformation and Industrialisation Fund, which holds a 24.1% stake.

The company's principal focus centres on the conception, construction, and management of special economic zones (SEZs), with with a rapidly expanding presence across Cote d’Ivoire, Chad, Democratic Republic of Congo, Nigeria, Republic of the Congo, and Rwanda.

These economic zones provide essential infrastructure for the storage of agricultural produce and commodities, thereby facilitating extended shelf life and bolstering these countries' export capabilities, consequently leading to increased foreign exchange earnings.