Arise IIP has teamed up with Africa Finance Corporation (AFC) to create a substantial $100 million fund aimed at empowering African entrepreneurs. This fund will focus on investing in businesses that operate within the Special Economic Zones (SEZs) established by Arise IIP throughout Africa.
The initiative is designed to nurture entrepreneurship and accelerate economic development on the continent. AFC’s contribution extends beyond financial investment to include advisory services, assisting businesses to effectively operate within the SEZ framework.
Furthermore, AFC intends to attract additional capital by engaging Export Credit Agencies and other financial entities, thereby expanding the available funding. Arise IIP, which is in the process of developing the Bugesera SEZ in Rwanda, sees this joint effort as a pivotal move towards achieving a thriving African economy.
Gagan Gupta, CEO of Arise IIP, highlighted the critical role of providing entrepreneurs with the financial resources they need to succeed.
Samaila Zubairu, President and CEO of AFC, reiterated the corporation’s dedication to fostering an environment conducive to trade, job creation, and sustainable economic progress.
This collaborative venture is anticipated to catalyze significant growth and development throughout the African continent.
