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...
SIFEM Commits $15 Million to Ninety One’s Africa Credit Opportunities Fund 3
Swiss development finance institution, SIFEM, has committed $15 million to the first close of Ninety One’s Africa Credit Opportunities Fund 3, which targets a total fundraising of $500 million.
South African AI Firm Spatialedge Secures $3 Million for Growth
South African artificial intelligence (AI) software company Spatialedge has secured R60 million (approximately $3.15 million USD) in funding from Hlayisani Growth Fund.
AfDB Approves $100 Million Loan to Boost Youth and Women-Led Enterprises in Nigeria Through YEIB Initiative
The African Development Bank (AfDB) has approved a $100 million loan to support youth and women-led micro, small, and medium enterprises (MSMEs) in Nigeria through the Youth Entrepreneurship Investment Bank (YEIB) initiative.
