Boosting industrial development in Africa is the context in which the Bank, the African Export-Import Bank (Afreximbank), has signed a $450 million global credit line with ARISE IIP.

ARISE IIP is the leading pan-African developer and operator of world-class industrial parks. The funding granted will support the development of industrial parks and special economic zones (SEZs), while providing crucial support to the financing of foreign trade for companies operating within the ARISE IIP ecosystem. Under the terms of the facility agreement, ARISE IIP will deploy 300 million US dollars to finance the working capital needs of its operating industrial parks (GDIZ-Benin, PIA-Togo, PIA-Togo, LAHAM Chad-Togo, LAHAM Tchad-Chad, LAHAM Chad-Chad, PEIA-Chad, PEIA-Côte d'Ivoire and BSEZ-Rwanda) and for capital expenditures for the development of new industrial parks in DRC, in Kenya, Chad, Nigeria, and Co and Ivory.

De même, les 150 millions de dollars restants seront déployé pour développer un parc industriel à Lilongwe, au Malawi, et comme financement commercial pour les activités de sa société de commerce d' exportation au Malawi dans le cadre de l' initiative d' Afreximbank for export agriculture for food security. According to ARISE IIP's treasury director, Arvind Arora, “this $450 million financing represents a major advance in supporting Africa's industrialization efforts. This financing covers the critical working capital and capital expenditure needs of various countries, thus meeting the diverse requirements of industrial development. Africa's infrastructure investment gap, which currently exceeds $100 billion per year, has a significant impact on the continent's living conditions and its global competitiveness. At ARISE IIP, we are committed to working with strategic partners around the world to bridge this gap and accelerate the industrialization of the continent.”