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12 December 2016

Uganda’s energy minister attends formal opening of his country’s largest solar farm

“Great benefits for this rural area” says EAIF’s Oscar Kang’oro

The Hon. D’Ujanga Simon, Uganda’s Minister of State for Energy, today (12th December) took part in a ceremony to mark the opening of his country’s largest solar farm, at Soroti in Eastern Uganda. The Emerging Africa Infrastructure Fund (EAIF) is one of the principal lenders to Access Soroti Ltd, the private sector company that built and is operating the plant. Electricity production began at the 10MW facility in late November.

Oscar Kang’oro, a Non-Executive Director of the Emerging Africa Infrastructure Fund, said that EAIF is supporting solar and small hydro power projects across Uganda.

“EAIF is fully engaged in Uganda and currently supporting eight renewable energy projects, including at Soroti. We see great benefits from small and renewable generating capacity, particularly in rural and semi-rural areas. New generating capacity can unlock economic potential, create new economic development opportunities, grow the productivity of public services and improve energy security. Most importantly, the arrival in a district of more dependable and more affordable electricity can transform and enhance the lives of many thousands of men, women and children.”

Made up of 32,680 of photovoltaic panels, the new facility is the country’s first grid-connected solar plant and will generate clean, low-carbon, sustainable electricity to 40,000 homes, schools and businesses in the area.

The plant will benefit from the GETFiT programme of tariff support, which is managed by KfW Development Bank and supported by the EU and the governments of Germany, Norway and the UK.

To read the full official press release on the formal opening of the Access Soroti solar farm follow the link below.
http://access-power.com/east-africas-largest-solar-plant-starts-operations/

May 2017

Creating the foundations for progress and prosperity in fragile states

The work of the Emerging Africa Infrastructure Fund

By David White, Chairman, Emerging Africa Infrastructure Fund

David White

May 2017

Emerging Africa Infrastructure Fund anchors US$600 million bond issue by leading telco tower operator Helios Towers Africa

“Attracting international capital adds to the money available to build infrastructure in Africa and demonstrates confidence in African markets and companies,” EAIF Executive Director says

Helios Towers Africa (HTA), a leading telecommunications infrastructure and power operator in Africa, is set for expansion following a successful US$600 million, five-year-term, bond issue, supported by the Emerging Africa Infrastructure Fund (EAIF)

April 2017

Emerging Africa Infrastructure Fund non-executive director, Julia Prescot, appointed to UK’s National Infrastructure Commission

The United Kingdom government has appointed Julia Prescot as a permanent member of the UK’s National Infrastructure Commission (NIC). A non-executive director of the Emerging Africa Infrastructure Fund (EAIF) since 201, she is chief strategy officer at Meridiam Infrastructure, a $3.5 billion fund that she co-founded.

April 2017

EAIF increases lending to Nigeria fertilizer plant project "of prime strategic importance"

The Emerging Africa Infrastructure Fund (EAIF) has increased its lending to Indorama Eleme Fertilizer and Chemicals Ltd (IEFCL). EAIF has backed the construction of the company’s new US$1.2 billion fertilizer plant at Port Harcourt, Nigeria. It is the world’s largest single stream fertilizer plant. A substantial part of the facility is already producing 600 million metric tonnes of fertilizer a year. When fully operational, it will produce 1.4 million tonnes annually, helping to fulfil rapidly growing demand for fertilizer in Nigeria and West Africa.

March 2017

Lessons learned in years of financing African infrastructure

To learn more about infrastructure financing on the continent, How we made it in Africa spoke to Emilio Cattaneo, EAIF’s executive director, and Investec’s Nazmeera Moola, who heads the investment part of the EAIF.

Read the full article on how we made it in Africa here

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