Bpifrance and Arise IIP have signed a memorandum of understanding (MoU) to develop joint co-industrialisation projects and facilitate business ecosystem connections between Africa and France, in cooperation with all Bpifrance offices on the continent
The agreement was signed by Nicolas Dufourcq, CEO of Bpifrance, Gagan Gupta, funding president of Arise IIP.
In the framework of this MoU, Bpifrance and Arise IIP will work together to identify and support their respective ecosystems’ potentials and boost trade, with the objective of sustainable development. They join forces to:
• Create and animate a community of African and French industrial SMEs and medium-sized companies wishing to set up in the special economic zones (SEZ)
• Facilitate bilateral financing programmes
• Study the possibility of joint investments.
Bpifrance and Arise IIP will also benefit from their respective experiences and work together on potential opportunities for business missions, qualified networking, support for the creation of ecosystems encouraging entrepreneurship and investment.
Dufourcq commented, “The objective for Bpifrance will be to leverage the potential of these industrial platforms to make French and African entrepreneurs aware of these opportunities and boost business connections and exchanges by deploying our joint non-financial and financial support tools.”
Gupta added, “This ambitious programme with our trusted partner, Bpifrance, will accelerate the development of French SMEs in Africa. ARISE IIP’s industrial platforms across the continent are real growth levers for these French companies wishing to seize the opportunities linked to the sustainable industrialisation of the continent.”