📋 Tender Overview
Project Number: 44846
Company Name: ARISE INTEGRATED INDUSTRIAL PLATFORMS Limited
Date ESRS Disclosed: Oct 21, 2023
Country: Western Africa Region
Region: West Africa
Environmental Category: A
Department: Regional Industry - MAS Africa
Project Description
Arise Integrated Industrial Platforms Ltd (Arise IIP or the company) is a developer and operator of Special Economic Zones (SEZ) and Industrial Parks across Africa. The sponsors of Arise IIP are Africa Finance Corporation (AFC) and Africa Transformation and Industrialization Fund (ATIF) who own 75.92% and 24.08%, respectively, of the company.
Arise IIP is a developer and operator of SEZs that provide common infrastructure and services (such as energy, water, and wastewater and waste management), good export connectivity and simplified administrative procedures to SEZ tenants. A key aim of the SEZs is allow the processing of raw agro-commodity products in their country of origin and generate added value prior to export and create employment opportunities. Arise currently has operational SEZs in Gabon, Togo (Phase 1), and Benin (Phase 1) and a number under development across Africa. Each SEZ is a joint venture with the respective government of the host country.
The proposed investment is a corporate finance loan of up to € 250 million in A-Loan, B/Parallel Loans, and an IDA PSW subordinated tranche, with defined use of funds to develop: i) Phase 2 of the Plateforme Industrielle d’Adétikopé (PIA) in Togo; ii) Phase 2 of the Glo Djigbé Industrial Zone (GDIZ) in Benin; and iii) Phase 1 of Plateforme Industrielle Du Congo (PIC) in the Republic of Congo – RoC (greenfield); and iv) Phase 1 of Bugesera Special Economic Zone (BSEZ) in Rwanda (brownfield). This is collectively referred to as the project.
Location
Area 55, in the north of Lilongwe, in Malawi.
Project Owner/s
ARISE Integrated Industrial Platforms (ARISE IIP), owned by Africa Finance Corporation, Afreximbank and Africa Transformation and Industrialization Fund, signed a development agreement with the government of Malawi in February 2024. Arise IIP will oversee the majority of the project, holding a 65% stake, while the remaining 35% will be shared by the Malawian government and local investors.
Project Description
The SEZ aims to stimulate and attract multisector investments – industrial and commercial – to the country, and offer logistic services and inland container depot services to enterprises in Malawi. It will promote the local processing of raw materials into high value-added finished products, with an emphasis on agricultural products and inputs.
Potential Job Creation
The project is projected to create a minimum of 132 000 direct jobs and more than 26 000 indirect jobs.
Capital Expenditure
$150-million.
Planned Start/End Date
Construction work is scheduled to start in 2024, with the zone expected to become operational from 2026.
