Africa50 Donates US$800,000, Joins African Countries To Help Fight COVID-19

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Announces a grant of US$300,000 to the Africa Centres for Disease Control and Prevention (Africa CDC) for the purchase of test kits and other medical equipment and to mobilize frontline responders; provides US$500,000 to fund other targeted infection control and prevention activities in several African countries.

Africa50, the pan-African infrastructure investment platform, has announced its COVID-19 Relief Support Initiative, which aims to support the continent’s fight against the pandemic. Under this initiative, Africa50 is providing US$800,000 to help contain the spread of the virus and minimize its impact. Given the likely long-term effects of the pandemic, Africa50’s COVID-19 Relief Support Initiative will have three phases, as follows:

  • The first phase focuses on helping countries deal with immediate public health needs through in-kind and cash donations. It comprises a US$300,000 grant to the Africa Centres for Disease Control and Prevention (Africa CDC), which will be used specifically for the purchase of test kits and other medical equipment and to mobilize frontline responders, as highlighted in the Africa Joint Continental Strategy for COVID-19 led by the African Union, through Africa CDC.
  • In addition, Africa50 is donating US$500,000 to fund other targeted infection control and prevention activities in several African countries.
  • The second phase will focus on technology-enabled solutions that help address the unprecedented demand for digital health innovations, which was triggered by the pandemic. To that effect, Africa50 will support the deployment of digital solutions, as part of its Innovation Challenge, an initiative launched in 2019 to increase internet connectivity access in under-served areas in Africa.
  • The third phase will concentrate on medium to longer-term solutions to support economic recovery and stabilization, including the implementation of major infrastructure projects.
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On the occasion of this announcement, Mr Alain Ebobissé, CEO of Africa50, said “We stand in complete solidarity with all African nations and all our stakeholders around the world during these uncertain times. Beyond the tragic loss of human lives, the pandemic is projected to result in a decline in Africa’s GDP growth between 3 and 8 percent.” He underlined Africa’s vulnerability to this new, rapidly evolving environment and stressed the need for diligent, impactful responses and continental cooperation. “Governments, the private sector, development institutions, and civil society have acted quickly, both to limit the spread of the virus and to prop up economies. Africa50 will play its part.”, he said. “If we work together, we can limit the damage of the pandemic. This crisis underlines once again the urgency of improving the continent’s infrastructure to ensure that people can enjoy productive, happy, and healthy lives. We must therefore also continue to develop our project pipeline and evaluate new ones, as we prepare to support the continent’s recovery”, he added.

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Africa50 Donates US$800,000, Joins African Countries To Help Fight COVID-19 - Brand SpurAfrica50 Donates US$800,000, Joins African Countries To Help Fight COVID-19 - Brand Spur

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Africa50 Donates US$800,000, Joins African Countries To Help Fight COVID-19 - Brand SpurAfrica50 Donates US$800,000, Joins African Countries To Help Fight COVID-19 - Brand Spur

Latest News

Asia Pacific Rayon Raises US$300m from National and International Affiliated Banks to Expand Production Capacity

  • Continued capital expenditure aims to boost production and support the recovery of Indonesian economy
  • Loan agreements aligned with Indonesian Government's strategy to drive investment growth in 2021
  • APR is a member of the RGE group of companies


JAKARTA, INDONESIA - Media OutReach - 12 April 2021 - Asia Pacific Rayon (APR), the largest integrated rayon fiber producer in Indonesia, today announced that it has secured a syndicated loan facility of Rp 4.5 trillion (US$300 million) with national and international affiliated banks. The funding will be used to support continued capital investment in the company's production facilities at Pangkalan Kerinci, Riau Province, Sumatra.

APR is vertically integrated through its supply chain, from renewable fiber plantations to high-value textile development. It commenced operations in 2019 and was formally inaugurated by President Jokowi Widodo in February 2020. APR plans to increase its production capacity over the coming year to capture the strong growth potential of viscose staple fiber (VSF), strengthening its market position in Indonesia and in export markets across the region. APR is a member of the RGE group of companies. Founded by Sukanto Tanoto, RGE manages a group of resource-based manufacturing companies with global operations.

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The syndicated loan participating banks are PT Bank Rakyat Indonesia (Persero) Tbk, PT Bank Central Asia Tbk, PT Bank Pan Indonesia Tbk, PT Bank Pembangunan Daerah Jawa Barat, PT Bank Woori Saudara Indonesia 1906 Tbk and PT Bank KEB Hana Indonesia

The joint mandated lead arrangers and bookrunners for the syndicated loan are PT Bank Rakyat Indonesia (Persero) Tbk, PT Bank Central Asia Tbk, and PT BANK Pan Indonesia Tbk.

Basrie Kamba, Director, Asia Pacific Rayon, said: "This funding will be used to support continued investment in our operations in Kerinci. Rayon fiber, or viscose, is a textile raw material derived from sustainably managed plantations. As rayon is both renewable and biodegradable, it supports the trend towards sustainable fashion in Indonesia and in other markets around the world."

APR's planned expansion is aligned with the Indonesian Government's strategy to increase investment and boost employment to support the recovery of the country's economy and address the continued impact of the COVID-19 pandemic. Following the passing into law of the Omnibus Bill in October last year to streamline investment and stimulate job creation, President Widodo said last month that investment would be the key factor in achieving 5% economic growth in 2021.

"This loan facility and our continued investment in our operations are evidence of the growth potential of the viscose rayon sector in Indonesia and around the world. We are committed to supporting the Indonesian Government's efforts to improve the investment climate in export-oriented manufacturing industries, and its efforts to create upstream jobs in plantations and the processing of raw materials, and downstream opportunities in textile factories and related businesses," said Basrie.

Hari Setiawan, Executive Vice President of PT Bank Rakyat Indonesia (Persero) Tbk said : "As Representative of JMLAB and all lenders, I hope this collaboration will be useful to support the growth and development of PT Asia Pacific Rayon in increasing production and operations and also supporting the recovery of Indonesia's export growth."

"Support from BCA and other Banks reflect our confidence in APR, and as our contribution to promote a sustainable and environment friendly industry. We hope this cooperation will tighten our relationship as well," said Susiana Santoso, Executive Vice President of PT Bank Central Asia Tbk.


About Asia Pacific Rayon

Asia Pacific Rayon is the first fully integrated viscose rayon producer in Asia. Located in Pangkalan Kerinci, Riau, the company uses the latest production technology to produce high-quality rayon to meet textile needs. APR is committed to becoming a leading viscose rayon producer with the principles of sustainability, transparency and operational efficiency, serves the interests of the community and the country, and provides value to customers. APR is part of the RGE (Royal Golden Eagle) group of resource-based manufacturing companies. Sustainability is fundamental to APR. The APR Sustainability Policy, updated in September 2020, include additional commitments on pulp sourcing and clean manufacturing.


About RGE

RGE Pte Ltd manages a group of resource-based manufacturing companies with global operations. Our work ranges from the upstream, comprising sustainable resource development and harvesting, to downstream, where our companies create diverse value-added products for the global market. Our commitment to sustainable development underpins our operations, as we strive towards what is good for the community, good for the country, good for climate, good for customer, and good for company. RGE was founded in 1973. The assets held by RGE companies today exceed US$20 billion. With more than 60,000 employees, we have operations in Indonesia, China, Brazil, Spain and Canada and continue to expand to engage newer markets and communities. www.rgei.com

Africa50 Donates US$800,000, Joins African Countries To Help Fight COVID-19 - Brand Spur
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