MULTINATIONAL - Convertible Loan Notes Subscription of Arise Integrated Industrial Platforms (Arise IIP) (AFDB-P-Z1-BG0-038)

Regions
  • Africa
Geographic location where the impacts of the investment may be experienced.
Countries
  • Benin
  • Gabon
  • Togo
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • African Development Bank (AFDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
A
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
May 20, 2025
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Arise Integrated Industrial Platform Ltd
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 100.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 100.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ AFDB website

Updated in EWS Feb 18, 2026

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

As stated by the AfDB, the multinational project for subscription to convertible bonds of Arise Integrated Industrial Platforms represents a strategic pan-African industrial development initiative aimed at transforming Africa into a global manufacturing hub. Arise Integrated Industrial Platforms is a pan-African developer and operator of world-class industrial parks committed to creating special economic zones and integrated industrial infrastructure across the African continent. The company specializes in conceiving, financing, building, and operating necessary infrastructure to support African countries' transition to an industrial economy, playing a catalytic role in improving local processing of raw materials that African countries currently export primarily in unprocessed form.

Arise IIP pursues several interconnected strategic objectives aimed at accelerating African industrialization and promoting inclusive value-added growth. The company seeks to transform African countries from raw commodity exporters into industrial processing centers by providing ready-to-use industrial land, shared infrastructure, reliable utilities, export connectivity, and simplified administrative services. The project also aims to attract agro-industrial businesses to relocate parts of their global supply chains to Africa, thereby boosting local value addition and reducing the environmental impact of trade. The initiative focuses on promoting green growth by neutralizing carbon emissions and climate impact while unlocking the continent's industrial potential.

Direct beneficiaries of the Arise IIP project include over 400 companies from 47 different sectors that have joined the special economic zones in three pilot countries:

  • In Gabon, the company manages the Gabon Special Economic Zone focused on the timber industry;
  • In Benin it operates the Glo-Djigbé Industrial Zone dedicated to local processing of agricultural products including cotton, cashews, pineapples, shea nuts, and soybeans; and
  • In Togo it administers the Adétikopé Industrial Platform which concentrates on local transformation of agricultural products.

These projects have created over 50,000 direct jobs and mobilized more than 7 billion dollars in investments across key sectors including wood, textiles, ceramics, meat processing, beverages, and pharmaceuticals.

Arise IIP's geographical expansion currently extends to twelve African countries, including key markets such as Cameroon, Gabon, Nigeria, and Rwanda. The company has signed framework agreements with the Government of Rwanda for developing an industrial zone in Bugesera District, with the Democratic Republic of Congo for developing the Kin-Malebo industrial zone, with the Republic of Congo for the Pointe-Noire and Oyo industrial zones, with the Republic of Chad for developing seven economic zones across the country, and with Ogun State in Nigeria for developing the Remo Economic Industrial Cluster, thus positioning the company as an African champion of industrial infrastructure development.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated by Devex, ARISE IIP designs, finances, builds and operates integrated and tailor-made industrial zones with high added value.

ARISE Integrated Industrial Platforms (IIP) has two shareholders: Africa Finance Corporation (AFC) and Africa Transformation and Industrialization Fund (ATIF).

AFC is a pan-African Multilateral Development Financial Institution established in 2007 by sovereign African states to provide pragmatic solutions to Africa’s infrastructure deficit and challenging operating environment.

ATIF (Africa Transformation and Industrialization Fund) is an investment company established in 2022. Its aims is to bring solutions to the gaps hampering African development. To do so, it will invest, alone or with co-investors, in assets supporting the continent’s industrialization and economic development, while keeping a strong commitment to environmental and social sustainability.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
Africa Finance Corporation Parent Company Finance owns ARISE Integrated Industrial Platforms Ltd. Client Industry and Trade
Africa Transformation and Industrialization Fund Parent Company Finance owns ARISE Integrated Industrial Platforms Ltd. Client Industry and Trade

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

AfDB Team Leader:

Hyo-Kyung Lee
Email: h.lee2@afdb.org 

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.afdb.org/en/disclosure-and-access-to-information/request-for-documents. Under the AfDBÕs Disclosure and Access to Information policy, if you feel the Bank has omitted to publish information or your request for information is unreasonably denied, you can file an appeal at https://www.afdb.org/en/disclosure-and-access-to-information/appeals-process.

ACCOUNTABILITY MECHANISM OF AfDB

The Independent Review Mechanism (IRM), which is administered by the Compliance Review and Mediation Unit (CRMU), is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an African Development Bank (AfDB)-financed project. If you submit a complaint to the IRM, it may assist you by either seeking to address your problems by facilitating a dispute resolution dialogue between you and those implementing the project and/or investigating whether the AfDB complied with its policies to prevent environmental and social harms. You can submit a complaint electronically by emailing crmuinfo@afdb.org, b.kargougou@afdb.org, b.fall@afdb.org, and/or s.toure@afdb.org. You can learn more about the IRM and how to file a complaint at: https://www.afdb.org/en/independent-review-mechanism/

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