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- The Africa Finance Corporation (AFC) and the Fund for Export Development in Africa (FEDA) have partnered to support ARISE IIP’s US$443 million capital raise, aimed at accelerating industrial transformation across 12 African countries. This collaboration marks a significant step toward boosting Africa’s role in global value chains and driving sustainable economic growth
- (L-R) Benedict Okey Oramah, Marlene Ngoyi, Gagan Gupta, and Samaila Zubairu
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Fund for Export Development in Africa (FEDA) and Africa Finance Corporation (AFC) power ARISE IIP’s US$443 Million capital raise
ARISE IIP's total equity capital now exceeds US$1 billion, with Africa Finance Corporation (AFC) holding a majority stake, followed by Afreximbank’s FEDA and Equitane as key shareholders
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…