ARISE Integrated Industrial Platforms (ARISE IIP) is set to enhance its industrial park developments across various African nations, with a particular focus on Togo. This initiative is bolstered by substantial financial backing from the African Export-Import Bank (Afreximbank), which has committed $450 million.
See more: Togolese startup Kaba Delivery expands its activities to Benin
Out of this funding, $300 million is earmarked for the enhancement of existing industrial parks, including the PIA in Togo, and for financing new projects in the Democratic Republic of Congo, Kenya, Chad, Nigeria, and Côte d’Ivoire. The remaining $150 million will be allocated to the establishment of an industrial park in Malawi and to support agricultural export initiatives.
This funding is part of a larger $800 million initiative aimed at advancing industrialization across the continent. Arvind Arora, Director of Treasury at ARISE IIP, stated, “This US$450 million facility marks a significant advancement in our efforts to support Africa’s industrialization. The financing addresses essential working capital and capital expenditure requirements across various nations, catering to a wide range of industrial development needs.”
In Togo, the platform has attracted several prominent maritime transport companies, including MSC (Italo-Swiss), MAERSK (Denmark), CMA CGM (France), PIL (Singapore), and ONE (Japan), which joined last year. Additionally, a significant number of regional and national operators, accounting for nearly 60% of the established businesses in sectors such as textiles, agri-food, and pharmaceuticals, have also set up operations at the site.
