African Export-Import Financial institution (Afreximbank) (www.Afreximbank.com) and ARISE Built-in Industrial Platforms (ARISE IIP) are proud to announce the graduation of development works for the African High quality Assurance Centre (AQAC) in Glo-Djigbé Industrial Zone (GDIZ) in Benin on Tuesday, 27th November 2024. This landmark undertaking is a collaboration between Afreximbank and ARISE IIP and represents a serious step in driving industrialisation in Benin and throughout West Africa.
The AQAC laboratory in GDIZ will supply world-class testing, inspection, and certification providers overlaying meals and agricultural merchandise, guaranteeing that merchandise “Made in Africa” meet the required security and high quality requirements at native and worldwide markets.
Pushed by Afreximbank’s imaginative and prescient, the AQAC, goals to boost the compliance of African merchandise with worldwide requirements, boosting exports, and supporting intra-African commerce whereas guaranteeing the protection of those merchandise for native consumption. ARISE IIP, an affiliate of the Financial institution and a frontrunner in pan-African industrial improvement, acknowledges the worth that AQAC brings to the ecosystem it has developed, such because the GDIZ that focuses on worth addition and world competitiveness.
By establishing the laboratory inside GDIZ, quite a few advantages will probably be realized, together with, rising the competitiveness of native merchandise manufactured contained in the zone, resembling cotton, cashew, animal feed, soya, pineapple dehydration, and sesame oil, by guaranteeing their compliance with worldwide requirements and necessities of export markets; boosting exports by enabling African merchandise to compete successfully in world markets; Strengthening native industrial capability by means of state-of-the-art high quality infrastructure and technical experience; and Driving regional impression by positioning Benin as an industrial and industrial hub in West Africa.
Létondji BEHETON, Managing Director of GDIZ, commented: “The institution of the AQAC laboratory inside GDIZ is a game-changer for Benin’s industrial ecosystem. It is not going to solely elevate the standard of domestically processed merchandise but additionally open new doorways for our exporters by guaranteeing compliance with worldwide requirements. This initiative reinforces GDIZ’s position as a catalyst for financial transformation, creating jobs, attracting investments, and positioning Benin as a regional chief in value-added manufacturing and commerce.”
Gagan Gupta, CEO of ARISE IIP, said: “This undertaking underscores our dedication to working with Afreximbank to boost high quality management capabilities for African merchandise. The AQAC Laboratory is a cornerstone in our imaginative and prescient to industrialise Africa and combine it into world worth chains. By guaranteeing that African merchandise meet the very best worldwide requirements, this initiative empowers native industries, enhances export potential, and strengthens intra-African commerce. With GDIZ as certainly one of our flagship zones, this undertaking confirms our dedication to constructing a self-reliant and globally aggressive Africa.”
Oluranti Doherty, Managing Director of Export Growth, Afreximbank, added: “Our AQAC initiative displays Afreximbank’s unwavering dedication to empowering African producers and enabling their merchandise to thrive within the world market. By offering dependable high quality assurance providers, the AQAC enhances the competitiveness of African merchandise, improves Intra-African commerce, and ensures the seamless integration of those merchandise into worldwide markets, thereby advancing the continent’s industrialisation and financial diversification.”
Afreximbank established the primary African High quality Assurance Centre (AQAC) undertaking in Ogun State, Nigeria which was awarded the ISO/IEC 17025:2017 accreditation by the South African Nationwide Accreditation System (SANAS) in August 2024. SANAS is without doubt one of the key accreditation our bodies in Africa answerable for finishing up conformity assessments. Afreximbank plans to increase the AQAC initiative by establishing a collection of High quality Assurance Centres throughout Africa to strengthen the standard of infrastructure throughout the continent.
Distributed by APO Group on behalf of Afreximbank.
Media Contact:
Afreximbank
Vincent Musumba
Supervisor, Communications and Occasions (Media Relations)
E-mail: press@afreximbank.com
SIPI-BENIN S.A, GDIZ
Irmine Gnidehou
Communications Supervisor
gdiz-media@arisenet.com
www.GDIZ-Benin.com
Observe Afreximbank on:
Twitter: https://apo-opa.co/4eWIvdz
Fb: https://apo-opa.co/3Bg1m5n
LinkedIn: https://apo-opa.co/3VoiwEP
Instagram: https://apo-opa.co/3VptnhL
About GDIZ:
Glo-Djigbé Industrial Zone (GDIZ), developed by the Société d’Investissement et de Promotion de l’Industrie – BENIN (SIPI-BENIN SA), is a three way partnership between Come up Built-in Industrial Platforms (IIP) and the Republic of Benin. GDIZ is a dynamic 1,640-hectare industrial zone (Part 1: 400 ha) developed by ARISE Built-in Industrial Platforms (ARISE IIP), which has a number of industrial zones throughout Africa, together with in Gabon (Gabon Particular Financial Zone) and Togo (Adétikope Industrial Platform), and different international locations on the African continent.
About ARISE IIP:
ARISE Built-in Industrial Platforms (ARISE IIP) (www.ARISEIIP.com) is a pan-African developer and operator of world-class industrial parks dedicated to creating Africa thrive. We establish alternatives in industrial and industrial worth chains throughout Africa, and conceive, finance, construct and function the required infrastructure, enjoying a catalytic position in supporting international locations to transition to an industrial financial system. We’re pushed by the pursuit of inexperienced progress; our ambition is to unlock the continent’s industrial potential whereas neutralising our carbon emissions and local weather impression. ARISE IIP is at present current in Benin (GDIZ), Togo (PIA), Gabon (GSEZ), Côte d’Ivoire (ZIC), and extra. GSEZ was ranked the world’s greatest particular financial zone within the timber sector (2020 FDI rating).
About Afreximbank:
African Export-Import Financial institution (Afreximbank) is a Pan-African multilateral monetary establishment mandated to finance, facilitate and promote intra and extra-African commerce. For over 30 years, the Financial institution has been deploying progressive devices to ship financing options that assist the transformation of the construction of Africa’s commerce, accelerating industrialization and intra-regional commerce, thereby boosting financial growth in Africa. A stalwart supporter of the AfCFTA, Afreximbank has in partnership with the African Union Fee and AFCFTA Secretariat launched a Pan-African Cost and Settlement System (PAPSS) that was adopted by the African Union (AU) because the fee and settlement platform to underpin the implementation of the Free Commerce Settlement. The AFCFTA Secretariat and the Financial institution have created a USD 10 billion Adjustment Fund to assist international locations to successfully take part within the AfCFTA.
On the finish of December 2023, Afreximbank’s complete belongings and ensures stood at US$ 37.3 billion, and its shareholder funds amounted to US$ 6.1 billion. The Financial institution disbursed greater than US$ 104 billion between 2016 and 2023 by means of numerous interventions for the development of the continent. Afreximbank has funding grade scores assigned by GCR (worldwide scale) (A), Moody’s (Baa1), Japan Credit score Ranking Company (JCR) (A-) and Fitch (BBB). Afreximbank has advanced into a gaggle entity comprising the Financial institution, its impression fund subsidiary referred to as the Fund for Export Growth Africa (FEDA), and its insurance coverage administration subsidiary, AfrexInsure, (collectively, “the Group”). For extra data, go to: www.Afreximbank.com