In October 2024, ARISE Integrated Industrial Platforms (IIP), under the leadership of CEO Gagan Gupta, announced a significant capital raise of $443 million to bolster its expansion across West Africa. This funding includes a strategic $300 million investment from Afreximbank’s development impact investment arm, The Fund for Export Development in Africa (FEDA), and $143 million from Africa Finance Corporation (AFC).
ARISE IIP specializes in developing and operating world-class industrial parks, aiming to transform Africa’s industrial landscape. The company’s model focuses on creating integrated industrial ecosystems t
hat promote local value addition, reduce reliance on raw material exports, and foster sustainable economic growth.
With this new investment, ARISE IIP plans to expand its presence in countries like Côte d’Ivoire, Sierra Leone, Togo, Benin, Nigeria, Gabon, Chad, Congo, Democratic Republic of the Congo, Senegal, Rwanda, Cameroon, Kenya, and Malawi. The company has already initiated projects such as a $150 million industrial park in Malawi, expected to create 132,000 direct jobs and 26,000 indirect jobs.
ARISE IIP’s approach aligns with Africa’s broader industrialization goals, aiming to shorten supply chains, reduce carbon emissions, and reorganize national logistics infrastructures. By focusing on local processing and value addition, the company contributes to the continent’s economic resilience and sustainability.
