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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.
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