ARISE B.V.
Status: Approved investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Arise is an investment and development company that was established by Norfund, FMO and Rabobank, under joint ownership. Norfund, FMO and Rabobank currently all hold stakes in several banks in Sub-Saharan Africa that they have agreed to transfer to Arise. Arise’s aim is to contribute to the development of well-functioning and inclusive financial systems in Africa through a long-term perspective. Arise will continue to build strong locally owned financial service providers (FSPs) serving SMEs, the rural sector and clients who have not previously had access to financial services.
What is our funding objective?
By teaming up, the three parties can ensure that more capital can be raised to support the growth strategies of the partners they invest in and that financial and agricultural expertise can be put to more effective use to enhance the impact in Sub Saharan Africa. Arise’s ambition is to become the leading and most trusted investment and development partner for private sector FSPs in Sub-Saharan Africa. It is the ambition of the three parties to create the most pre-eminent long term bank investment company. It is anticipated that Arise will grow to a company with assets in excess of USD 1 billion over five years.
Why do we fund this investment?
The investment in Arise fits perfectly in FMO's strategy for the financial sector. Arise will be a proactive shareholder to its investees, providing knowledgeable board members and dedicated experts to support investee strategies to become sound and sustainable FSP’s. Moreover, Arise will have a sufficient capital base to be able to provide adequate growth capital when required by the targeted investee companies. This capital will also be used for acquisitions in the market fitting the investment and development profile set by Arise. Arise can leverage on the extensive banking knowledge and valuable agri-banking expertise of its founding partners. This partnership will increase the availability of financial services to small and medium enterprises. Above all it will allow the people in Sub Saharan Africa to empower themselves by getting bank accounts and take loans and hence build a better life for their families.
More investments
| Date | Total FMO financing |
|---|---|
| 5/22/2019 | EUR 0.22 MLN |
- Website customer/investment
- https://ariseinvest.com/
- Region
- Africa
- Country
- Africa
- Sector
- Financial Institutions
- Effective date
- 7/21/2016
- Total FMO financing
- USD 246.68 MLN
- Funding
- FMO NV
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B