Afreximbank, Africa Finance Corporation invest $443m into ARISE IIP for African industrial transformation.

ARISE Integrated Industrial Platforms (ARISE IIP) has raised $443 million, led by a $300 million investment from Afreximbank’s FEDA and $143 million from Africa Finance Corporation (AFC). This funding will enhance ARISE IIP’s operations across 12 African countries, driving industrial transformation and boosting Africa's role in global value chains. With total equity exceeding $1 billion, AFC holds the majority stake in ARISE IIP.

October 03, 2024
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