Industrial park developer ARISE Integrated Industrial Platforms (ARISE IIP) announced on Thursday a major fundraising of $443 million, marking a significant milestone in its efforts to boost industrialization across the African continent. This capital injection comes from two key players in African development financing. The Fund for Export Development in Africa (FEDA), a subsidiary of Afreximbank, invested $300 million, securing a significant stake in ARISE IIP. Africa Finance Corporation (AFC) complemented this funding with an additional $143 million. Gagan Gupta, founder and CEO of ARISE IIP, hailed this partnership as…
Read MoreARISE IIP Raises $443 Million to Accelerate Industrialization in Africa
