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Subject:  ***SPAM***  Africa: Afreximbank with Arise IIP and the Republic of Malawi, initiates construction of the "Magwero Industrial Park" in Lilongwe, an integrated industrial park to accelerate the industrialization

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His Excellency, Dr. Lazarus McCarthy Chakwera, President of the Republic of=
 Malawi, President and Ch
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[Afreximbank](https://r.news.africa-wire.com/mk/cl/f/sh/7nVU1aA2nfy8REFfSgB=
1QJfRs6qvu6d/rq3-ms7K_ywP)

PRESS RELEASE
Afreximbank, in partnership with Arise IIP and the Republic of Malawi, init=
iates construction of the "Magwero Industrial Park" in Lilongwe, an integra=
ted industrial park set to accelerate the country's industrialization
Afreximbank, the leading financial partner of ARISE IIP, will finance the p=
roject to a tune of USD 300 million

[Access Multimedia Content](https://r.news.africa-wire.com/mk/cl/f/sh/7nVU1=
aA2ng01QkkyRFPTSfzG2TLie39/NFLcW6BmQTo-)

LILONGWE, Malawi, June 3, 2024/ -- His Excellency, Dr. Lazarus McCarthy Cha=
kwera, President of the Republic of Malawi, President and Chairman Board of=
 Directors of Afreximbank ([www.Afreximbank.com](https://r.news.africa-wire=
.com/mk/cl/f/sh/7nVU1aA2ng1uQHGHPodvV2J4CpqVNzf/z0OJH8fx-ZCN)), Prof. Bened=
ict Okey Oramah and the President-Founder of ARISE Integrated Industrial Pl=
atforms (ARISE IIP), a pan-African developer and operator of world-class in=
dustrial ecosystems, Mr. Gagan Gupta, have unveiled the Malawi "Magwero Ind=
ustrial Park" an integrated industrial park located 10 km from the capital,=
 Lilongwe. This high-level ceremony was attended by over 5,000 guests, incl=
uding numerous international and national project partners as well as local=
 communities.

The ceremony follows the framework contract signed on June 19, 2023, betwee=
n the Republic of Malawi, represented by the Malawi Export Development Fund=
, and ARISE IIP for the development of an integrated industrial park around=
 Lilongwe under a public-private partnership. Afreximbank, the leading fina=
ncial partner of ARISE IIP, will finance the project to a tune of USD 300 m=
illion.

Designed to expedite Malawi's industrialization process through two pillars=
, diversification of its economy and valorization of its natural resources,=
 the industrial park is set to host industrial units from various sectors, =
including:

-  Local processing of agricultural products such as soybeans, cotton, toma=
toes, maize, peanuts, and retail food products.

-  Manufacturing industry, featuring production units for glass, constructi=
on materials, lighting products such as LED accessories, plywood, and paper=
 production.
Spanning 417 hectares, the industrial park enjoys a strategic location, abo=
ut 10 km from Kamuzu International Airport and Malawi=E2=80=99s capital, as=
 well as being in close proximity to the Malawian railway network.

It will comprise an industrial zone, logistics warehouses, a residential ar=
ea, an Internal Container Depot Terminal (ICDT), and "Plug and Play" infras=
tructure, offering ready-to-use hangars for small and medium-sized enterpri=
ses.

His Excellency, Dr. Lazarus McCarthy Chakwera, President of the Republic of=
 Malawi, commented: =E2=80=9CIn fostering economic development through indu=
strialisation, we have officially commenced construction of the first speci=
al economic zone in Malawi with assistance from Afreximbank and ARISE Integ=
rated Industrial Platforms=E2=80=9D. He added that Magwero Industrial Park =
Project will have state-of-art infrastructure to host and support a wide ra=
nge of functions across multi-industry value chains in manufacturing, packa=
ging, research and innovation, logistics and storage, and dry port services=
 before the commodities are exported.

Prof. Benedict Okey Oramah, President and Chairman of Board of Directors, A=
freximbank, emphasized the project=E2=80=99s significant potential to contr=
ibute to the development and diversification of Malawi=E2=80=99s economy: =
=E2=80=9CWe expect the Magwero Industrial Park to generate at least 15,000 =
jobs for Malawians, US$600 million in annual export revenues, and about US$=
600 million in foreign direct investment flows. This will significantly boo=
st the economy of Malawi and improve the quality of life of its citizens wh=
ile also positioning the country as an active and dominant player in the em=
erging single Continental market.=E2=80=9D He added that =E2=80=98strong Po=
litical Will and Leadership backed by African capital and innovation repres=
ent a powerful force that will drive positive economic transformation.=E2=
=80=99

Mr. Gagan Gupta, President-Founder of ARISE IIP, expressed: "We are immense=
ly proud of this new partnership with the Government of Malawi. The Magwero=
 Industrial Park is more than just an economic zone, it is a particularly i=
mpactful project for Malawi and aims to catalyze investments and local job =
creation. This enduring partnership taking shape today with the Republic of=
 Malawi aims to catalyze industrialization in the country by creating indus=
trial value chains supported by international investors."

Distributed by APO Group on behalf of Afreximbank.
Media Contact details:
Vincent Musumba
Manager, Communications and Events (Media Relations)
Email: press@afreximbank.com
Tel: +20 2 24564100 /1/2/3

Audrey Mebaley
Head of Communications =E2=80=93 Arise
audrey.mebaley@arisenet.com

About Afreximbank:
African Export-Import Bank (Afreximbank) ([www.Afreximbank.com](https://r.n=
ews.africa-wire.com/mk/cl/f/sh/7nVU1aA2ng3nPnlaONsNXOcsNCLI7wB/4qIF4xT59vlE=
)) is a pan-African multilateral financial institution dedicated to financi=
ng and promoting intra and extra-African trade. For 30 years, Afreximbank h=
as deployed innovative instruments to provide financing solutions that faci=
litate the transformation of African trade structure and accelerate industr=
ialization and intra-regional trade, thereby supporting economic expansion =
in Africa. A staunch advocate of the African Continental Free Trade Area (A=
fCFTA), Afreximbank launched the operations of a pan-African payment and se=
ttlement system (PAPSS), which was adopted by the African Union (AU) as the=
 payment and settlement platform to support the implementation of the AfCFT=
A. The AfCFTA Secretariat and the Bank have established a 10 billion US dol=
lar Adjustment Fund to assist countries in effectively participating in the=
 AfCFTA. As of the end of December 2023, the Bank's total assets and guaran=
tees stood at approximately US $37.3 billion, and its shareholders' funds a=
mounted to US $6.1 billion. Afreximbank is rated A by GCR International Sca=
le, Baa1 by Moody's, A- by Japan Credit Rating Agency (JCR), and BBB by Fit=
ch. Over the years, Afreximbank has evolved into a group comprising the Ban=
k, its impact financing subsidiary called the Africa Export Development Fun=
d (FEDA), and its insurance management subsidiary, AfrexInsure (the three e=
ntities form "the Group"). The Bank is headquartered in Cairo, Egypt.

About ARISE IIP:
ARISE Integrated Industrial Platforms (ARISE IIP) ([www.ARISEIIP.com](https=
://r.news.africa-wire.com/mk/cl/f/sh/7nVU1aA2ng5gPKGtMx6pZkwgXYq4rsh/scgsCg=
oieCYD)) is a pan-African developer and operator of world-class industrial =
parks, committed to the continent's economic transformation. We identify op=
portunities in commercial and industrial value chains across Africa, design=
, finance, build, and operate the necessary infrastructure, playing a catal=
ytic role while supporting countries in their transition to an industrial e=
conomy. We are driven by the pursuit of green growth. Our ambition is to un=
lock the continent's industrial potential while neutralizing our carbon emi=
ssions and climate impact. ARISE IIP currently operates in Benin (GDIZ), To=
go (PIA), and Gabon (GSEZ). GSEZ was ranked the best economic zone in the w=
orld in the wood sector (FDI 2020 ranking).

About Export Development Fund:
Export Development Fund (https://r.news.africa-wire.com/mk/cl/f/sh/7nVU1aA2=
ng7ZOqmCLWLHc7GUhvKrbpD/8G1gY_VsofC1) was established by the Government of =
Malawi out of the desire by various key stakeholders i.e. domestic banks, g=
overnment, private sector and various business organizations and associatio=
ns to turn the various export generations and diversification ideas into vi=
able export businesses and industries.

The Fund aims to ensure that Malawi=E2=80=99s vast export potential and bus=
iness opportunities are exploited in order to generate foreign exchange for=
 the country.Export Development Fund (EDF) is a development financial insti=
tution (DFI) whose major objective is to increase the productive potential =
of the country through provision of finance, equity participation, or credi=
t guarantees, and advisory service for the set up, expansion and modernizat=
ion of viable enterprises in the medium and large scale enterprises sector.

SOURCE
Afreximbank

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ank with Arise IIP and the Republic of Malawi, initiates construction of th=
e "Magwero Industrial Park" in Lilongwe, an integrated industrial park to a=
ccelerate the industrialization</title></head><body>  
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	<div style=3D"display: none; max-height: 0px; overflow: hidden;">
		His Excellency, Dr. Lazarus McCarthy Chakwera, President of the Republic =
of Malawi, President and Ch</div>
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						<b>PRESS RELEASE</b></div>
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					<div style=3D"font-size: 18.5px;">
						<b>Afreximbank, in partnership with Arise IIP and the Republic of Mal=
awi, initiates construction of the "Magwero Industrial Park" in Lilongwe, a=
n integrated industrial park set to accelerate the country's industrializat=
ion</b></div>
				</td>
			</tr>
			<tr>
				<td align=3D"left" style=3D"padding-bottom:15px;">
					<div style=3D"font-size: 16px;font-style: italic;font-weight: bold;">
						<b><i>Afreximbank, the leading financial partner of ARISE IIP, will f=
inance the project to a tune of USD 300 million</i></b></div>
				</td>
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					<div class=3D"desc" style=3D"display:inline;">
						LILONGWE, Malawi, June 3, 2024/ -- His Excellency, Dr. Lazarus McCart=
hy Chakwera, President of the Republic of Malawi, President and Chairman Bo=
ard of Directors of Afreximbank (<a href=3D"https://r.news.africa-wire.com/=
mk/cl/f/sh/7nVU1aA2ng1uQHGHPodvV2J4CpqVNzf/z0OJH8fx-ZCN" sib_link_id=3D"5" =
templating=3D"n">www.Afreximbank.com</a>), Prof. Benedict Okey Oramah and t=
he President-Founder of ARISE Integrated Industrial Platforms (ARISE IIP), =
a pan-African developer and operator of world-class industrial ecosystems, =
Mr. Gagan Gupta, have unveiled the Malawi "<em>Magwero Industrial Park</em>=
" an integrated industrial park located 10 km from the capital, Lilongwe. T=
his high-level ceremony was attended by over 5,000 guests, including numero=
us international and national project partners as well as local communities=
.<br/>
						<br/>
						The ceremony follows the framework contract signed on June 19, 2023, =
between the Republic of Malawi, represented by the Malawi Export Developmen=
t Fund, and ARISE IIP for the development of an integrated industrial park =
around Lilongwe under a public-private partnership. Afreximbank, the leadin=
g financial partner of ARISE IIP, will finance the project to a tune of USD=
 300 million.<br/>
						<br/>
						Designed to expedite Malawi's industrialization process through two p=
illars, diversification of its economy and valorization of its natural reso=
urces, the industrial park is set to host industrial units from various sec=
tors, including:<br/>
						<ul>
							<li>
								<strong>Local processing of agricultural products</strong> such as =
soybeans, cotton, tomatoes, maize, peanuts, and retail food products.</li>
						</ul>
						<ul>
							<li>
								<strong>Manufacturing industry</strong>, featuring production units=
 for glass, construction materials, lighting products such as LED accessori=
es, plywood, and paper production.</li>
						</ul>
						Spanning <strong>417 hectares</strong>, the industrial park enjoys a =
strategic location,=C2=A0 about 10 km from Kamuzu International Airport and=
 Malawi=E2=80=99s capital, as well as being in close proximity to the Malaw=
ian railway network.<br/>
						<br/>
						It will comprise an industrial zone, logistics warehouses, a resident=
ial area, an Internal Container Depot Terminal (ICDT), and "Plug and Play" =
infrastructure, offering ready-to-use hangars for small and medium-sized en=
terprises.<br/>
						<br/>
						<strong>His Excellency, Dr. Lazarus McCarthy Chakwera</strong>, <stro=
ng>President of the Republic of Malawi</strong>, commented: =E2=80=9CIn fos=
tering economic development through industrialisation, we have officially c=
ommenced construction of the first special economic zone in Malawi with ass=
istance from Afreximbank and ARISE Integrated Industrial Platforms=E2=80=9D=
. He added that Magwero Industrial Park Project will have state-of-art infr=
astructure to host and support a wide range of functions across multi-indus=
try value chains in manufacturing, packaging, research and innovation, logi=
stics and storage, and dry port services before the commodities are exporte=
d.<br/>
						<br/>
						<strong>Prof. Benedict Okey Oramah</strong>,<strong> President and Ch=
airman of Board of Directors, Afreximbank</strong>, emphasized the project=
=E2=80=99s significant potential to contribute to the development and diver=
sification of Malawi=E2=80=99s economy: =E2=80=9CWe expect the Magwero Indu=
strial Park to generate at least 15,000 jobs for Malawians, US$600 million =
in annual export revenues, and about US$600 million in foreign direct inves=
tment flows. This will significantly boost the economy of Malawi and improv=
e the quality of life of its citizens while also positioning the country as=
 an active and dominant player in the emerging single Continental market.=
=E2=80=9D He added that =E2=80=98strong Political Will and Leadership backe=
d by African capital and innovation represent a powerful force that will dr=
ive positive economic transformation.=E2=80=99<br/>
						<br/>
						<strong>Mr. Gagan Gupta</strong>, <strong>President-Founder of ARISE =
IIP</strong>, expressed: "<em>We are immensely proud of this new partnershi=
p with the Government of Malawi. </em>The Magwero Industrial Park is <em>mo=
re than just an economic zone, it is a particularly impactful project for M=
alawi and aims to catalyze investments and local job creation. </em><em>Thi=
s enduring partnership taking shape today with the Republic of Malawi aims =
to catalyze industrialization in the country by creating industrial value c=
hains supported by international investors</em>."<br/>
						<div dir=3D"ltr" style=3D"font-style: italic;margin-top:15px;">
							<i>Distributed by APO Group on behalf of Afreximbank.</i><br/>
							=C2=A0</div>
						<strong>Media Contact details:<br/>
						Vincent Musumba</strong><br/>
						Manager, Communications and Events (Media Relations)<br/>
						Email:=C2=A0<a href=3D"mailto:press@afreximbank.com">press@afreximban=
k.com</a>=C2=A0=C2=A0<br/>
						Tel: +20 2 24564100 /1/2/3<br/>
						<br/>
						<strong>Audrey Mebaley=C2=A0</strong><br/>
						Head of Communications =E2=80=93 Arise<br/>
						<a href=3D"mailto:audrey.mebaley@arisenet.com"><strong>audrey.mebaley=
@arisenet.com</strong></a><br/>
						<br/>
						<strong>About Afreximbank:</strong><br/>
						African Export-Import Bank (Afreximbank) (<a href=3D"https://r.news.a=
frica-wire.com/mk/cl/f/sh/7nVU1aA2ng3nPnlaONsNXOcsNCLI7wB/4qIF4xT59vlE" sib=
_link_id=3D"6" templating=3D"n">www.Afreximbank.com</a>) is a pan-African m=
ultilateral financial institution dedicated to financing and promoting intr=
a and extra-African trade. For 30 years, Afreximbank has deployed innovativ=
e instruments to provide financing solutions that facilitate the transforma=
tion of African trade structure and accelerate industrialization and intra-=
regional trade, thereby supporting economic expansion in Africa. A staunch =
advocate of the African Continental Free Trade Area (AfCFTA), Afreximbank l=
aunched the operations of a pan-African payment and settlement system (PAPS=
S), which was adopted by the African Union (AU) as the payment and settleme=
nt platform to support the implementation of the AfCFTA. The AfCFTA Secreta=
riat and the Bank have established a 10 billion US dollar Adjustment Fund t=
o assist countries in effectively participating in the AfCFTA. As of the en=
d of December 2023, the Bank's total assets and guarantees stood at approxi=
mately US $37.3 billion, and its shareholders' funds amounted to US $6.1 bi=
llion. Afreximbank is rated A by GCR International Scale, Baa1 by Moody's, =
A- by Japan Credit Rating Agency (JCR), and BBB by Fitch. Over the years, A=
freximbank has evolved into a group comprising the Bank, its impact financi=
ng subsidiary called the Africa Export Development Fund (FEDA), and its ins=
urance management subsidiary, AfrexInsure (the three entities form "the Gro=
up"). The Bank is headquartered in Cairo, Egypt.<br/>
						<br/>
						<strong>About ARISE IIP:</strong><br/>
						ARISE Integrated Industrial Platforms (ARISE IIP) (<a href=3D"https:/=
/r.news.africa-wire.com/mk/cl/f/sh/7nVU1aA2ng5gPKGtMx6pZkwgXYq4rsh/scgsCgoi=
eCYD" sib_link_id=3D"7" templating=3D"n">www.ARISEIIP.com</a>) is a pan-Afr=
ican developer and operator of world-class industrial parks, committed to t=
he continent's economic transformation. We identify opportunities in commer=
cial and industrial value chains across Africa, design, finance, build, and=
 operate the necessary infrastructure, playing a catalytic role while suppo=
rting countries in their transition to an industrial economy. We are driven=
 by the pursuit of green growth. Our ambition is to unlock the continent's =
industrial potential while neutralizing our carbon emissions and climate im=
pact. ARISE IIP currently operates in Benin (GDIZ), Togo (PIA), and Gabon (=
GSEZ). GSEZ was ranked the best economic zone in the world in the wood sect=
or (FDI 2020 ranking).<br/>
						<br/>
						<strong>About Export Development Fund:</strong><br/>
						Export Development Fund (<a href=3D"https://r.news.africa-wire.com/mk=
/cl/f/sh/7nVU1aA2ng7ZOqmCLWLHc7GUhvKrbpD/8G1gY_VsofC1" sib_link_id=3D"8" te=
mplating=3D"n">https://apo-opa.co/4ehm2J4</a>) was established by the Gover=
nment of Malawi out of the desire by various key stakeholders i.e. domestic=
 banks, government, private sector and various business organizations and a=
ssociations to turn the various export generations and diversification idea=
s into viable export businesses and industries.<br/>
						<br/>
						The Fund aims to ensure that Malawi=E2=80=99s vast export potential a=
nd business opportunities are exploited in order to generate foreign exchan=
ge for the country.Export Development Fund (EDF) is a development financial=
 institution (DFI) whose major objective is to increase the productive pote=
ntial of the country through provision of finance, equity participation, or=
 credit guarantees, and advisory service for the set up, expansion and mode=
rnization of viable enterprises in the medium and large scale enterprises s=
ector.</div>
					<p align=3D"left" dir=3D"ltr">
						<b>SOURCE</b><br/>
						Afreximbank</p>
				</td>
			</tr>
			<tr>
				<td>
					<div class=3D"footer-links grey" dir=3D"ltr">
						<a href=3D"https://r.news.africa-wire.com/mk/cl/f/sh/7nVU1aA2ng9SONHV=
K5ZjeTaIsHpeLlj/MJa8CZYV0DlM" sib_link_id=3D"9" templating=3D"n">Safe sende=
r instructions</a> / <a href=3D"https://r.news.africa-wire.com/mk/cl/f/sh/W=
CPzyXJTZ6vLwtXQA17BStFv9nuoEUgV/ELAHh3oKj7Kz" sib_link_id=3D"10" templating=
=3D"n">Privacy Policy</a> / <a href=3D"https://r.news.africa-wire.com/mk/un=
/sh/7nVTPdbLJ2bPbEzYXp4mSkPcmodhCk7/uiDkA__8XjP6">Unsubscribe</a> / <a href=
=3D"https://r.news.africa-wire.com/mk/up/sh/7nVTPdhloEl2C4Htk219m3euU7UuXat=
/JgncIwsLBKme">Update My Preferences</a></div>
				</td>
			</tr>
		</tbody>
	</table>
	<div style=3D"color:#cccccc;font-family:'Times New Roman';line-height:16px=
;margin-top:20px;margin-bottom:10px;">
		<span style=3D"font-size: 14px;">Distributed by :</span></div>
	<p style=3D"color:#cccccc;font-family:'Times New Roman';line-height:16px;"=
>
		<span dir=3D"ltr" style=3D"font-size:9px;">APO Group<br/>
		Voie du Chariot 3<br/>
		1003 Lausanne =E2=80=93 Switzerland<br/>
		Tel : +41 21 547 44 44<br/>
		E-mail: info (at) <z>apo-opa.</z>com<br/>
		www.<z>APO-opa.</z>com </span></p>
</div>
<style type=3D"text/css">
*[dir=3D"ltr"],[dir=3D"ltr"], .ltr, .ltr a { direction: ltr !important; uni=
code-bidi: embed !important; }
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email-table div{
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