New Investments
Arise IIP and AFC Launch $100 Million Fund for African Entrepreneurs
Arise IIP and Africa Finance Corporation (AFC) have joined forces to establish a $100 million fund dedicated to supporting African entrepreneurs.
The capital will be channeled towards businesses operating within Arise IIP’s Special Economic Zones (SEZs) across the continent.
The partnership aims to foster entrepreneurship and drive economic growth in Africa.
AFC will provide not only financial backing but also advisory services to help businesses navigate the SEZ environment.
Additionally, the corporation plans to leverage funds from Export Credit Agencies and other financial institutions to bolster the capital pool.
Arise IIP, currently developing the Bugesera SEZ in Rwanda, views this collaboration as a significant step towards creating a prosperous Africa.
Gagan Gupta, CEO of Arise IIP, emphasized the importance of empowering entrepreneurs with the necessary financial support.
Samaila Zubairu, President and CEO of AFC, expressed the corporation’s commitment to creating an ecosystem that promotes trade, job creation, and overall economic advancement.
The partnership is expected to stimulate growth and development across the continent.
Related Articles
Register Now
Empower Africa Times Newsletter
Share :
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
You may also like...
Nigerian Automotive Startup Mecho Autotech Raises $2.4M Pre-Series A for Expansion
Nigerian automotive startup Mecho Autotech has raised $2.4 million in pre-Series A funding to expand into wholesale spare parts distribution.
Kasha, a Rwandan-based e-commerce platform that provides access to women’s health and personal care products, has raised $21 million in a Series B funding round
Founded in 2016, Kasha aims to bridge the gap in access to women’s health products and personal care items, addressing the challenges faced by many women in obtaining these essential items discreetly and conveniently.
Egyptian Healthtech Chefaa Secures $5.25 Million for Expansion
Egyptian healthtech startup Chefaa has received a $5.25 million boost in a funding round co-led by Newtown Partners (South Africa) and Global Brain (Japan).
