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09 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

On 1st May, the Emerging Africa Infrastructure Fund (EAIF) announced it had been the anchor investor in a $600 million bond issue by Helios Towers Africa, one of the continent’s leading telecommunications infrastructure businesses. HTA operates c 6,500 communications towers in Tanzania, The Democratic Republic of Congo, Ghana and Congo Brazzaville. The HTA transaction is just the latest success EAIF has helped enable in its 15 years in business.

Apart from Ghana, these countries are all viewed as fragile states by the international community; countries recovering from armed conflict, famine, disease and natural disaster. In some countries, the reasons for embedded difficulties is clear. In others, the causes are immensely complex and fluid.

In fact, there is no easy definition of what constitutes a fragile state. They often have in common chronic economic underperformance, entrenched poverty, poor personal security, inefficient utilities and infrastructure, weak public administration, political unrest and, sometimes, outbreaks of armed conflict.

Working in fragile states makes EAIF unusual. We are a debt fund, set up to use public money from a number of Western government to attract and mobilise private sector capital to bring vital infrastructure to Africa. Conventional lenders either decline to do business in fragile states or offer terms that significantly increase the cost of private infrastructure development, which makes many projects unviable. We help make projects viable.

In the past year, in addition to the DRC, Congo Brazzaville and Tanzania, EAIF has also done business in the fragile states of Chad, Mali and Sierra Leone.

15 years and US$10 billion later

2017 marks the 15th anniversary of the founding of the Emerging Africa Infrastructure Fund. EAIF is rapidly heading towards its 80th project in Africa and mobilised over US$10 billion private sector capital.

How can EAIF do what so many others won’t do? The answer is that our anchor funding comes from four governments that all understand the critical importance of helping fragile countries first achieve a measure of political and economic stability and then attract investment to build infrastructure that stimulates economic development.

EAIF is member of the Private Infrastructure Development Group (PIDG). Seven governments (and The World Bank) currently contribute funds to PIDG. In the case of EAIF, support comes from the governments of the UK, The Netherlands, Sweden and Switzerland, as well as private sector banks, the German development finance institution, KfW and its Dutch equivalent, FMO.

Infrastructure is the key to progress. With electricity, telecommunications, water and transport comes confidence and opportunity. The more confidence people have that their country’s economy will provide work and a stable place for families to grow, the more their confidence grows and the more business is willing to invest. It is a virtuous circle.

Long-term and strategic

Like all good ideas, the creation of EAIF was based on a simple proposition. In this case that private sector infrastructure businesses could be persuaded to invest in Africa in greater numbers if the risks were more widely shared and if backers had a more long-term and strategic view of financing. EAIF’s backers are firmly in the category of long-term and strategic, because they want to achieve not only commercial success for EAIF’s clients but also have a profound effect on the economic and political stability of the countries EAIF works in.

Infrastructure building can only happen when capital is available. In many parts of Africa, traditional mainstream lenders offer only expensive, medium-term lending, fenced with onerous conditions. In other parts of the continent, physical conflict and its bedfellows of political, economic and social instability stand in the way of conventional lenders.

We’ve financed solar, hydro, methane and conventional power stations. Brought millions into the digital world via oceanic cables, satellites and communications towers. Helped bring the world’s largest specialist fertilizer plant into being. Revitalised agricultural land left redundant by war and neglect. Enabled new passenger and car ferries that have profoundly changed the lives of very poor people. Made possible turning Nigerian scrap metal into reinforcement bars for the construction sector and been part of the finance for one of Africa’s largest cement plants.

Focused on debt funding

Over its fifteen years in business, EAIF has developed a sophisticated understanding of the types of companies and the types or projects that make investment sense. Part of the reason for that is that we are focused only on debt funding. That is our specialty, so we are not burdened with offering equity or any other financial products. Our reputation, track record and commitment of our funding governments and partners brings added confidence to a project. The greater the confidence the more the private sector is willing to invest in difficult places.

When a project has the support of an investor like EAIF, the government of a fragile state has reasons to believe that progress is on the way. Where there is as strong partnership between a promoter and the finance providers government is even more motivated to assist. People are more motivated to overcome barriers and difficulties. There comes a glorious moment in all projects where the momentum is such that everyone knows that financial close will happen and that soon there will be earthmovers and builders creating a new piece of transformative infrastructure.

The expertise of our manager

Our expertise – through our mandated mangers – Investec Asset Management – includes structuring and arranging finance, focused and rigorous due diligence, added-value knowledge of the planning and regulatory regimes in many countries, extremely efficient administration and legal processes and perhaps the most important element of all – patience. If we think a project is right, its promoters are right and the business and economic development case is strong we will work long and hard to translate vision into reality.

And we know the types of companies we prefer to work with. They must be fit and proper people who manage their businesses and affairs with serious attention to high standards in financial management and corporate governance. They should have a track record of success as business creators, project managers and operators. They have to value the contribution made by everyone who works with them and have a strong instinct for helping to improve life for some of the world’s poorest people. Above all, they must be commercial, because we operate on commercial terms and our funders expect us to get our money back.

Our terms of doing business can be more flexible than mainstream lenders. Flexibility can be the difference between a transformational project coming to life in a fragile state or not happening at all.

Doing business in fragile states can be challenging and is rarely smooth. It helps that EAIF has senior people who understand that every place has a mixture of sensitive issues; political, historic, cultural, ethnic, religious, territorial, tribal and more.

Many countries have underpaid and overworked officials who often work in a very delicate political environment. Things that can be quickly done in some countries take days, weeks or months in another. EAIF understands how to work under such constraints.

We know what it is like to bring projects to life where there are shortages of high level construction and project management and plant operation skills. All these things need to be overcome, as do issues like weak local currencies, lack of foreign currency loans, bureaucratic slowness in issuing construction visas and work permits, poor roads and seasonal rains and storms.

We have the patience, motivation and tenacity to see projects through. Today, every one of our projects where construction is complete is in operation. They’ve all created jobs in construction and long-term jobs in operational roles. More importantly, they have been the catalyst to unlock human potential, improve business productivity, stimulate new economic activity, attract international investment and simply make the daily lives of millions of people better.

We see the companies we invest in as partners in the great enterprise of making African countries more successful, so that the day can come when they don’t need outside help to succeed. With Africa needing around $90 billion of investment in infrastructure every year for the foreseeable future, it looks like EAIF will be around for at least another 15 years.

ENDS

Copyright: EAIF

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

March 2017

Lake Kivu project success covered in Jeune Afrique film

Leading French language publication, Jeune Afrique, ran a film in late January about KivuWatt’s unique facility in Rwanda. It is a story of technical success, business progress and delivering electricity’s benefits to ordinary Rwandans. The Emerging Africa Infrastructure Fund helped to make the project possible.

Click here to go to video page on the Jeune Afrique site:

http://www.jeuneafrique.com/394510/economie/video-kivuwatt-produit-de-lelectricite-grace-lac-kivu/


KivuWatt, la centrale électrique du lac Kivu… by Jeuneafriquetv

Media Enquiries

Please address all media related enquiries to:


EAIF Media Contact
media@eaif.com

Investec Media Contact
Vian Sharif
UK, Europe, America and Asia
Woolgate Exchange, 25 Basinghall Street, London, EC2V 5HA
Tel: +44 (0)20 7597 1834
Email: Vian.Sharif@investecmail.com

Kotie Basson
South Africa, Africa and Middle East
36 Hans Strijdom Avenue Foreshore Cape Town 8001
Tel: +27 (0)21 416 1812
Email: Kotie.Basson@investecmail.com

02 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)

HTA raised the finance through its Mauritius holding company in the first week of February 2017, with settlement on 8th March. It is using the funds to expand its business, free up cash flow and consolidate existing debt. EAIF, an anchor investor to the issue, bought bonds to the value of US$40 million. EAIF’s participation as anchor investor also attracted investment by a large number of private investors in the bond, and marks is the seventh occasion on which EAIF has supported HTA’s growth. It is the seventh time that EAIF has supported HTA’s growth. All pre-existing EAIF loans to the company have been repaid to EAIF with proceeds from the bond issue.

The Emerging Africa Infrastructure Fund exists to mobilise private sector capital and expertise to bring Africa the infrastructure vital to sustained economic development. The Fund marks its 15th year in business in 2017. It has supported c 70 projects in 21 African countries, attracting over US$10 billion of private capital. The Fund is managed by Investec Asset Management (IAM), one of the largest third party investors in private equity, credit, public equity and sovereign debt across the African continent.

EAIF’s Executive Director, Emilio Cattaneo, says,

“In the critical area of telecommunications, we have invested in a series of businesses that have transformed the sector in Africa over the past decade. Companies like HTA are the backbone of Africa’s digital economy. We are delighted to have been instrumental in HTA’s success and to be supporting its future.”

HTA operates c 6,500 communications towers in Tanzania, The Democratic Republic of Congo, Ghana and Congo Brazzaville. It owns 50% of all the tower stock in Tanzania, The Democratic Republic of Congo and Congo Brazzaville. HTA employs over 400 people.

HTA’s primary business is leasing space on long term contracts to mobile network operators and other providers of data and voice services. HTA’s business model allows operators to avoid or reduce the capital and revenue costs of building and maintaining towers. That frees up resources which operators can use to focus on customer needs, including introducing new services, expanding coverage and passing efficiencies to end users through lower pricing.

Over U$140 million is to be invested in upgrading works, buying sites and building new towers. The expansion will bring new capacity to existing customers and help attract new operators, as well as opening up rural areas.

The HTA issue is the second telecommunications bond issue EAIF has supported recently. Towards the end of 2016, the Fund invested in an US$800 million bond issue by the Nigerian communications tower company IHS.

“Attracting international capital adds to the money available to build infrastructure in Africa and demonstrates confidence in African markets and companies. It also widens and deepens the financial management and governance expertise of companies,” Mr Cattaneo says.

HTA’s Chief Executive Officer, Kash Pandya, says the bond issue marks a new era for the company and opens new horizons.

“Mobile digital technology has been a powerful mechanism for economic and social progress in Africa and we take great pride in playing our part in enabling network expansion and improvements. EAIF has become a greatly valued partner to HTA and mixes world class financial standards and expertise with a proven track record of helping to improve the lives and prospects of people in countries across Africa,” says Mr Pandya.

EAIF is part of the Private Infrastructure Development Group (PIDG). Seven governments (and The World Bank) currently contribute funds to PIDG. In the case of EAIF, support comes from the governments of the UK, The Netherlands, Sweden and Switzerland, as well as private sector banks, the German development finance institution, KfW and FMO, its Dutch equivalent.

Nazmeera Moola is Head of EAIF at Investec Asset Management. She says,

“With considerable uncertainty in the global economy, it is extremely encouraging to see investors being confident and optimistic about Africa. Expanding the digital infrastructure stimulates macro and micro economic activity. Strengthening fragile economies through private investment in infrastructure encourages political stability, favours investment in other sectors, improves the job market and helps build income levels.”

ENDS

The Emerging Africa Infrastructure Fund is funded by:

For further information, please contact:

EAIF

Martin Roche +44(0)771 574 9621

wmartinroche@btinternet.com


Investec Asset Management

Vian Sharif +44 207 597 1834

vian.sharif@investecmail.com

Kotie Basson +27 21 416 1812

kotie.basson@investecmail.com


PIDG

Rebecca Goding +44 (0)20 3058 3182

rebecca.goding@pidg.org

Notes to Editors

The Emerging Africa Infrastructure Fund

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

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

March 2017

Lake Kivu project success covered in Jeune Afrique film

Leading French language publication, Jeune Afrique, ran a film in late January about KivuWatt’s unique facility in Rwanda. It is a story of technical success, business progress and delivering electricity’s benefits to ordinary Rwandans. The Emerging Africa Infrastructure Fund helped to make the project possible.

Click here to go to video page on the Jeune Afrique site:

http://www.jeuneafrique.com/394510/economie/video-kivuwatt-produit-de-lelectricite-grace-lac-kivu/


KivuWatt, la centrale électrique du lac Kivu… by Jeuneafriquetv

Media Enquiries

Please address all media related enquiries to:


EAIF Media Contact
media@eaif.com

Investec Media Contact
Vian Sharif
UK, Europe, America and Asia
Woolgate Exchange, 25 Basinghall Street, London, EC2V 5HA
Tel: +44 (0)20 7597 1834
Email: Vian.Sharif@investecmail.com

Kotie Basson
South Africa, Africa and Middle East
36 Hans Strijdom Avenue Foreshore Cape Town 8001
Tel: +27 (0)21 416 1812
Email: Kotie.Basson@investecmail.com

26 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.

The NIC’s role is to provide independent, strategic thinking, analysis and advice to address the UK’s long-term infrastructure needs.

EAIF chairman, David White, says,

“Julia’s appointment to the UK’s National Infrastructure Commission is recognition of her standing as one of the world’s most successful figures in infrastructure development and finance. I join my other colleagues on the EAIF board in extending our warmest congratulations. Julia has made a great contribution to building EAIF and I am delighted she will go on doing so.”

Julia has over 25 years of international experience of investment banking and project finance. She has advised private sector and public bodies in established and emerging markets, including road and rail projects, power stations and structured trade finance transactions. Her involvement with African markets includes work in Cameroon, Kenya, Tanzania, South Africa, Uganda and Zimbabwe, in addition to EAIF projects across Africa.

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

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

March 2017

Lake Kivu project success covered in Jeune Afrique film

Leading French language publication, Jeune Afrique, ran a film in late January about KivuWatt’s unique facility in Rwanda. It is a story of technical success, business progress and delivering electricity’s benefits to ordinary Rwandans. The Emerging Africa Infrastructure Fund helped to make the project possible.

Click here to go to video page on the Jeune Afrique site:

http://www.jeuneafrique.com/394510/economie/video-kivuwatt-produit-de-lelectricite-grace-lac-kivu/


KivuWatt, la centrale électrique du lac Kivu… by Jeuneafriquetv

Media Enquiries

Please address all media related enquiries to:


EAIF Media Contact
media@eaif.com

Investec Media Contact
Vian Sharif
UK, Europe, America and Asia
Woolgate Exchange, 25 Basinghall Street, London, EC2V 5HA
Tel: +44 (0)20 7597 1834
Email: Vian.Sharif@investecmail.com

Kotie Basson
South Africa, Africa and Middle East
36 Hans Strijdom Avenue Foreshore Cape Town 8001
Tel: +27 (0)21 416 1812
Email: Kotie.Basson@investecmail.com

24 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.

IEFCL’s Port Harcourt plant has substantially reduced the need for fertilizer imports, and the location is ideally placed to service both domestic and international markets. This benefits the Nigerian economy through foreign exchange savings and boosts export earnings. The plant has created new employment in its manufacturing, distribution, marketing, sales, management and administration functions. Local suppliers and sub-contractors also benefit from servicing the needs of the business.

EAIF considers the new plant to be of prime strategic importance to the development of agriculture in Nigeria and neighbouring countries. Indorama Eleme is a well-established business that has been operating in the region since 2006.

Since construction of the project began, there has been a severe US$ liquidity crisis affecting a number of Nigerian banks. This has had an impact on the ability of some of the local institutions to meet US$ funding commitments to many infrastructure projects where the capital expenditure is denominated in US$, which was the case with the IEFCL project.

To ensure that the project was capitalised as originally required, removing financing uncertainty and ensuring delivery of the developmental benefits of the plant, EAIF agreed to take over the debt financing obligation of a local bank. Consequently, EAIF’s lending to IEFCL has increased from US$30 million to US$48.8 million. In reaching its decision, EAIF’s board took into account the stature of the company, its track record, supportive equity owners, the support of other debt providers and the fundamental economic development importance of the plant.

While agriculture is a core part of the economies of many African nations, productivity in the sector is comparatively much lower than in many other regions of the world, in terms of absolute production and adding value. More readily available secure supplies of affordable fertilizer are an essential component in improving crop yields and making more produce available for mass market consumption.

Improving food production security also has a direct bearing on fighting famine and poverty and the economic and political instability such conditions often foster.

EAIF made its first loan of US$30 million, which was part of a US$800 million debt facility provided by several financial institutions, in February 2013.

EAIF is part of the Private Infrastructure Development Group (PIDG). Seven governments (and The World Bank) currently contribute funds to PIDG. In the case of EAIF, support comes from the governments of the UK, The Netherlands, Sweden and Switzerland, as well as private sector banks, the German development finance institution KfW and FMO, its Dutch equivalent.

EAIF is managed by Investec Asset Management (IAM), one of the largest third party investors in private equity, credit, public equity and sovereign debt across the African continent.

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.

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

March 2017

Lake Kivu project success covered in Jeune Afrique film

Leading French language publication, Jeune Afrique, ran a film in late January about KivuWatt’s unique facility in Rwanda. It is a story of technical success, business progress and delivering electricity’s benefits to ordinary Rwandans. The Emerging Africa Infrastructure Fund helped to make the project possible.

Click here to go to video page on the Jeune Afrique site:

http://www.jeuneafrique.com/394510/economie/video-kivuwatt-produit-de-lelectricite-grace-lac-kivu/


KivuWatt, la centrale électrique du lac Kivu… by Jeuneafriquetv

Media Enquiries

Please address all media related enquiries to:


EAIF Media Contact
media@eaif.com

Investec Media Contact
Vian Sharif
UK, Europe, America and Asia
Woolgate Exchange, 25 Basinghall Street, London, EC2V 5HA
Tel: +44 (0)20 7597 1834
Email: Vian.Sharif@investecmail.com

Kotie Basson
South Africa, Africa and Middle East
36 Hans Strijdom Avenue Foreshore Cape Town 8001
Tel: +27 (0)21 416 1812
Email: Kotie.Basson@investecmail.com

31 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

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

Lake Kivu project success covered in Jeune Afrique film

Leading French language publication, Jeune Afrique, ran a film in late January about KivuWatt’s unique facility in Rwanda. It is a story of technical success, business progress and delivering electricity’s benefits to ordinary Rwandans. The Emerging Africa Infrastructure Fund helped to make the project possible.

Click here to go to video page on the Jeune Afrique site:

http://www.jeuneafrique.com/394510/economie/video-kivuwatt-produit-de-lelectricite-grace-lac-kivu/


KivuWatt, la centrale électrique du lac Kivu… by Jeuneafriquetv

Media Enquiries

Please address all media related enquiries to:


EAIF Media Contact
media@eaif.com

Investec Media Contact
Vian Sharif
UK, Europe, America and Asia
Woolgate Exchange, 25 Basinghall Street, London, EC2V 5HA
Tel: +44 (0)20 7597 1834
Email: Vian.Sharif@investecmail.com

Kotie Basson
South Africa, Africa and Middle East
36 Hans Strijdom Avenue Foreshore Cape Town 8001
Tel: +27 (0)21 416 1812
Email: Kotie.Basson@investecmail.com

08 March 2017

Lake Kivu project success covered in Jeune Afrique film

Leading French language publication, Jeune Afrique, ran a film in late January about KivuWatt’s unique facility in Rwanda. It is a story of technical success, business progress and delivering electricity’s benefits to ordinary Rwandans. The Emerging Africa Infrastructure Fund helped to make the project possible.

Click here to go to video page on the Jeune Afrique site:

http://www.jeuneafrique.com/394510/economie/video-kivuwatt-produit-de-lelectricite-grace-lac-kivu/


KivuWatt, la centrale électrique du lac Kivu… by Jeuneafriquetv

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

Media Enquiries

Please address all media related enquiries to:


EAIF Media Contact
media@eaif.com

Investec Media Contact
Vian Sharif
UK, Europe, America and Asia
Woolgate Exchange, 25 Basinghall Street, London, EC2V 5HA
Tel: +44 (0)20 7597 1834
Email: Vian.Sharif@investecmail.com

Kotie Basson
South Africa, Africa and Middle East
36 Hans Strijdom Avenue Foreshore Cape Town 8001
Tel: +27 (0)21 416 1812
Email: Kotie.Basson@investecmail.com

06 February 2017

Nigeria’s Guardian newspaper carries letter from EAIF Executive Director

EAIF’s Executive Director, Emilio Cattaneo, wrote to The Guardian newspaper in Nigeria about the work of EAIF in Nigeria and across sub-Saharan Africa. His letter was published on 3rd February. Click on the link to read the letter.

Read More

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

Media Enquiries

Please address all media related enquiries to:


EAIF Media Contact
media@eaif.com

Investec Media Contact
Vian Sharif
UK, Europe, America and Asia
Woolgate Exchange, 25 Basinghall Street, London, EC2V 5HA
Tel: +44 (0)20 7597 1834
Email: Vian.Sharif@investecmail.com

Kotie Basson
South Africa, Africa and Middle East
36 Hans Strijdom Avenue Foreshore Cape Town 8001
Tel: +27 (0)21 416 1812
Email: Kotie.Basson@investecmail.com

27 January 2017

Out of the Dark

EAIF Sierra Leone power project features in top US publication coverage of World Economic Forum

At the 47th World Economic Forum (WEF) annual meeting that wraps up today in Davos-Klosters, Switzerland, more than 3,000 participants from nearly 100 countries have been addressing topics under the theme “Responsive and Responsible Leadership.” A session on the opening day of the conference earlier this week said responding to Africa’s at once dire and promising energy gap is one way elected officials and company officials can responsibly pursue greater economic growth on the continent.

Read more

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

Media Enquiries

Please address all media related enquiries to:


EAIF Media Contact
media@eaif.com

Investec Media Contact
Vian Sharif
UK, Europe, America and Asia
Woolgate Exchange, 25 Basinghall Street, London, EC2V 5HA
Tel: +44 (0)20 7597 1834
Email: Vian.Sharif@investecmail.com

Kotie Basson
South Africa, Africa and Middle East
36 Hans Strijdom Avenue Foreshore Cape Town 8001
Tel: +27 (0)21 416 1812
Email: Kotie.Basson@investecmail.com

12 January 2017

Nigeria’s digital future strengthened by successful US$800 million IHS bond issue supported by EAIF

Bond “Boosted Nigeria’s ability to raise money on international capital markets”, says EAIF chairman

The Emerging Africa Infrastructure Fund (EAIF) has invested US$50 million in an US$800m bond issued by the Nigerian telecommunications tower business, IHS. EAIF and the International Finance Corporation were named anchor investors in the bond issue. Launched in early October, the bond was successfully marketed and details of EAIF’s investment can now be made public. EAIF is a member of the Private Infrastructure Development Group (PIDG).

With the bond, EAIF is directly contributing to the development of Nigeria’s telecommunications, IT and digital economy and supporting an issue that allows a leading Nigerian company to participate in an international capital market fundraising. The exercise has also helped grow the expertise and experience of the legal and financial professionals in Nigeria involved in the process and attract capital from across the world. While EAIF’s primary role is to finance private sector developers to create or expand infrastructure that can stimulate economic development and help fight poverty, it also has a remit to help build expertise and capacity in financial markets in sub-Saharan Africa, where that is possible and feasible.

EAIF chairman, David White, says:

“This was a large bond issue for the Nigerian market and one of significant strategic importance. Accelerating the development of the country’s telecommunications infrastructure is central to stimulating the entire Nigerian economy. Every Nigerian stands to benefit from investment in digital infrastructure. We are pleased to have been involved in helping to strengthen the telecommunications sector and in boosting Nigeria’s ability to raise money on international capital markets.”

IHS will invest at least US$50 million of the proceeds of the bond in developing its infrastructure across Nigeria, where urbanisation, population increases and rapidly growing use of smartphones is straining capacity and forcing up demand. IHS is one of the largest telecommunications tower owners and operators in Africa and has towers in all 36 of Nigeria’s states, with the majority in densely populated areas.

Nigeria is Africa’s largest telecommunications market, representing 15% of the continent’s telecommunications industry. The country is forecast to have 60 million additional mobile phone users by 2020 and by then the population is expected to be 205 million, an increase of 26 million. 48% of Nigeria’s people already live in urban areas.

Reducing congestion on the nation’s telecommunications infrastructure and creating new capacity is essential to facilitating a dynamic private sector economy and the efficiency of public services. The Nigerian authorities recognise the core role of telecommunications to economic development and are actively encouraging the country’s communications businesses to invest in expanding capacity.

IHS operates a tower sharing strategy. As it expands its network of towers into urban and rural areas, capacity can be opened up to new operators. That has the potential to stimulate competition between operators, helping foster the conditions to bring consumers keener pricing, wider coverage, more reliable service quality and access to new products and technologies.

In addition to business expansion, IHS will use some of the proceeds from the bond to refinance existing loans and general corporate purposes. The bond was launched in Nigeria on 12th October and has been successfully placed.

EAIF is part of the donor-backed Private Infrastructure Development Group. EAIF is funded by the governments of the UK (DFID), Switzerland (SECO), Sweden (Sida) and The Netherlands (DGIS) and by private sector banks and development finance organisations. The Fund’s primary purpose is to stimulate private sector infrastructure projects that help develop new sustainable economic activity and new jobs, thus helping to reduce poverty.

EAIF is managed by Investec Asset Management, one of the largest third party investors in private equity, credit, public equity and sovereign debt across the African continent. Investec Asset Management won the mandate to manage the US$670m EAIF in May 2016, following a competitive tender process.

Nazmeera Moola, head of EAIF at Investec Asset Management, says,

“As a business with its roots in Africa, we are particularly pleased to have been instrumental in the success of the bond issue. As joint anchor investor EAIF played a key role in stimulating awareness and confidence in the issue and demonstrating international appetite for investing in strong African businesses.” *

ENDS

The Emerging Africa Infrastructure Fund is funded by:

Notes to Editors

The Emerging Africa Infrastructure Fund

The Emerging Africa Infrastructure Fund provides a variety of debt products to infrastructure projects promoted mainly by private sector businesses in sub-Saharan Africa. Established and substantially funded by the governments of The Netherlands, Switzerland, Sweden and the United Kingdom, the Fund works with private sector businesses, African and European banks and other development funds and agencies. It helps create the infrastructure framework that is essential to sustained economic stability, business confidence, job creation and poverty reduction. It has to date supported nearly 60 infrastructure projects across eight sectors in 20 sub-Saharan African countries.

www.eaif.com

The Private Infrastructure Development Group

The Private Infrastructure Development Group (PIDG) encourages and mobilises private investment in infrastructure in the frontier markets of sub-Saharan Africa, south and south-east Asia, to help promote economic development and combat poverty. Since 2002, PIDG has supported 133 infrastructure projects to financial close and provided 265 million people with access to new or improved infrastructure. PIDG is funded by donors from seven countries (UK, Switzerland, Australia, Norway, Sweden, Netherlands, Germany) and the World Bank Group.

www.pidg.org

About Investec Asset Management

Investec Asset Management is an independently managed subsidiary of Investec Group.

Investec Asset Management is a specialist investment manager, providing a premier range of products to institutional and individual investors. Established in 1991, the firm has been built from start-up into an international business managing more than R1.6 trillion * on behalf of third party clients. The business has grown largely organically from domestic roots in Southern Africa to a position where we proudly serve a growing international client base from the Americas, the UK and Continental Europe, Asia, the Middle East, Australia and Africa. The firm seeks to create a profitable partnership between clients, shareholders and employees, and to exceed expectations for both client service and performance.

*As at end September 2016

www.investecassetmanagement.com

For further information, please contact:

EAIF

Martin Roche +44(0)771 574 9621

wmartinroche@btinternet.com

Investec Asset Management

Kotie Basson +27 21 416 1812

kotie.basson@investecmail.com

PIDG

Rebecca Goding +44 (0)20 3058 3182

rebecca.goding@pidg.org

The information contained in this press release is intended primarily for journalists and should not be relied upon by private investors or any other persons to make financial decisions. All of the views expressed about the markets, securities or companies in this press comment accurately reflect the personal views of the individual fund manager (or team) named. While opinions stated are honestly held, they are not guarantees and should not be relied on. Investec Asset Management in the normal course of its activities as an international investment manager may already hold or intend to purchase or sell the stocks mentioned on behalf of its clients. The information or opinions provided should not be taken as specific advice on the merits of any investment decision. Telephone calls may be recorded for training and quality assurance purposes. Investec Asset Management is an authorised financial services provider.

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

Media Enquiries

Please address all media related enquiries to:


EAIF Media Contact
media@eaif.com

Investec Media Contact
Vian Sharif
UK, Europe, America and Asia
Woolgate Exchange, 25 Basinghall Street, London, EC2V 5HA
Tel: +44 (0)20 7597 1834
Email: Vian.Sharif@investecmail.com

Kotie Basson
South Africa, Africa and Middle East
36 Hans Strijdom Avenue Foreshore Cape Town 8001
Tel: +27 (0)21 416 1812
Email: Kotie.Basson@investecmail.com

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

Media Enquiries

Please address all media related enquiries to:


EAIF Media Contact
media@eaif.com

Investec Media Contact
Vian Sharif
UK, Europe, America and Asia
Woolgate Exchange, 25 Basinghall Street, London, EC2V 5HA
Tel: +44 (0)20 7597 1834
Email: Vian.Sharif@investecmail.com

Kotie Basson
South Africa, Africa and Middle East
36 Hans Strijdom Avenue Foreshore Cape Town 8001
Tel: +27 (0)21 416 1812
Email: Kotie.Basson@investecmail.com

22 November 2016

EAIF invests US$25 million in new power station development at Freetown, Sierra Leone

“Signal to the world that the country is moving forward and welcomes international investment,” says Fund’s Executive Director

• Project is country’s first independent power producer

• Increasing electricity capacity in Freetown by approx 130%

A new company set up in Sierra Leone by a private sector joint venture is to build a 57MW, oil-fired, power station at Freetown, the country’s capital city. With a total investment of US$148 million, the CECA SL development will benefit from a US$25 million loan from the Emerging Africa Infrastructure Fund (EAIF). Sierra Leone’s economic development was hampered by the Ebola epidemic and creating the conditions for sustained development is of the highest national priority. The country has one of the world’s lowest levels of electrification.

It is estimated that less than 10% of the population currently has access to the electricity grid. Freetown, which has a population approaching 1 million people, will see the available electricity generating capacity increased by an average of 130% when the power station is complete.

Over 80% of businesses presently rely on their own diesel-fuelled generators. Business leaders say the lack of reliable power is one of the single biggest constraints on growth. Emilio Cattaneo, Executive Director of EAIF, says that the project finance announcement marks an era of renewed confidence in Sierra Leone and is a signal to the world that the country is moving forward and welcomes international investment.

“Reliable power is the oxygen of economic development and this project will not only improve business conditions and the lives of families across Freetown, but also help bring new self-confidence and optimism to Sierra Leone,” says Mr Cattaneo. In addition to construction of the main power plant, the project also involves building a new substation, work to the grid and a 2.5km fuel pipeline. 200 construction workers will build the plant and 42 permanent jobs created. CECA SL Generation Limited is a joint venture company set up by TCQ Power and Globeleq. Both companies have substantial experience in Africa and operate established businesses. Plans for the power station predate the Ebola outbreak and the company remained committed to the project throughout the epidemic.

Karim Nasser, Director CECA SL, says, “We greatly value the expertise and tenacity that EAIF and Investec have brought to our venture. They have helped us resolve many complex issues. We now look forward to beginning the construction phase and opening the plant for business.”

In tandem with providing debt for a 14-year term, EAIF acted as Structuring Bank alongside the International Finance Cooperation (IFC) as Mandated Lead Arranger. Other financial partners included the World Bank, the Dutch development bank (FMO), CDC and the African Development Bank (AFDB)

The World Bank is providing a political risk guarantee for the project EAIF is part of the donor-backed Private Infrastructure Development Group. EAIF is funded by the governments of the UK (DFID), Switzerland (SECO), Sweden (Sida) and The Netherlands (DGIS) and by private sector banks and development finance organisations. The Fund’s primary purpose is to stimulate private sector infrastructure projects that help develop new sustainable economic activity and new jobs, thus helping to reduce poverty. The Fund is managed by Investec Asset Management, one of the largest third party investors in private equity, credit, public equity and sovereign debt across the African continent.

Nazmeera Moola, head of EAIF at Investec Asset Management, says, “EAIF is often a pioneer investor in projects in fragile states recovering from natural disaster or conflict. Sierra Leone is a country of great economic potential and the leadership of CECA SL is to be congratulated for its enterprise and vision.”

The Emerging Africa Infrastructure Fund is funded by:

Notes to Editors

The Emerging Africa Infrastructure Fund

The Emerging Africa Infrastructure Fund provides a variety of debt products to infrastructure projects promoted mainly by private sector businesses in sub-Saharan Africa. Established and substantially funded by the governments of The Netherlands, Switzerland, Sweden and the United Kingdom, the Fund works with private sector businesses, African and European banks and other development funds and agencies. It helps create the infrastructure framework that is essential to sustained economic stability, business confidence, job creation and poverty reduction. It has to date supported nearly 60 infrastructure projects across eight sectors in 20 sub-Saharan African countries.

www.eaif.com

For further information, please contact:

Investec Asset Management

Vian Sharif +44 (0) 20 7597 1834

Vian.sharif@investecmail.com

Kotie Basson +27 21 416 1812

Kotie.basson@investecmail.com

EAIF

Martin Roche

+44 (0) 771 574 9621

wmartinroche@btinternet.com

The Private Infrastructure Development Group

The Private Infrastructure Development Group (PIDG) encourages and mobilises private investment in infrastructure in the frontier markets of sub-Saharan Africa, south and south-east Asia, to help promote economic development and combat poverty. Since 2002, PIDG has supported 133 infrastructure projects to financial close, of which 56 are fully operational. PIDG is a multilateral organisation, funded by donors from seven countries (UK, Switzerland, Australia, Norway, Sweden, Netherlands, Germany) and the World Bank Group.

www.pidg.org

PIDG

Rebecca Goding

+44 (0) 20 3058 3182

rebecca.goding@pidg.org

About Investec Asset Management

Investec Asset Management is an independently managed subsidiary of Investec Group.

Investec Asset Management is a specialist investment manager, providing a premier range of products to institutional and individual investors. Established in 1991, the firm has been built from start-up into an international business managing approximately $117bn/R1.6 trillion * on behalf of third party clients. The business has grown largely organically from domestic roots in Southern Africa to a position where we proudly serve a growing international client base from the Americas, the UK and Continental Europe, Asia, the Middle East, Australia and Africa. The firm seeks to create a profitable partnership between clients, shareholders and employees, and to exceed expectations for both client service and performance.

*As at end September 2016

www.investecassetmanagement.com

The information contained in this press release is intended primarily for journalists and should not be relied upon by private investors or any other persons to make financial decisions. All of the views expressed about the markets, securities or companies in this press comment accurately reflect the personal views of the individual fund manager (or team) named. While opinions stated are honestly held, they are not guarantees and should not be relied on. Investec Asset Management in the normal course of its activities as an international investment manager may already hold or intend to purchase or sell the stocks mentioned on behalf of its clients. The information or opinions provided should not be taken as specific advice on the merits of any investment decision. Telephone calls may be recorded for training and quality assurance purposes. Investec Asset Management is an authorised financial services provider.

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

Media Enquiries

Please address all media related enquiries to:


EAIF Media Contact
media@eaif.com

Investec Media Contact
Vian Sharif
UK, Europe, America and Asia
Woolgate Exchange, 25 Basinghall Street, London, EC2V 5HA
Tel: +44 (0)20 7597 1834
Email: Vian.Sharif@investecmail.com

Kotie Basson
South Africa, Africa and Middle East
36 Hans Strijdom Avenue Foreshore Cape Town 8001
Tel: +27 (0)21 416 1812
Email: Kotie.Basson@investecmail.com

26 October 2016

Eastern Uganda 10MW solar project has potential to stimulate regional economy and competitiveness

EAIF and Dutch development bank FMO in US$14.7 million loan

The Emerging Africa Infrastructure Fund (EAIF) has participated in a syndicate led by the Dutch development bank, FMO, to provide a US$14.7 million loan to enable the construction of a 10MW solar farm in the Tororo area of Eastern Uganda. EAIF has provided 50% of the loan. The Tororo Solar North PV project will serve an area heavily dependent on subsistence farming and with high unemployment.

Click here to read the full story

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

Media Enquiries

Please address all media related enquiries to:


EAIF Media Contact
media@eaif.com

Investec Media Contact
Vian Sharif
UK, Europe, America and Asia
Woolgate Exchange, 25 Basinghall Street, London, EC2V 5HA
Tel: +44 (0)20 7597 1834
Email: Vian.Sharif@investecmail.com

Kotie Basson
South Africa, Africa and Middle East
36 Hans Strijdom Avenue Foreshore Cape Town 8001
Tel: +27 (0)21 416 1812
Email: Kotie.Basson@investecmail.com

18 October 2016

Africa’s digital economic development

Chairman of the Emerging Africa Infrastructure Fund, David White, writes in October’s Africa Global Funds magazine about the work of EAIF and PIDG in developing Africa’s digital infrastructure. EAIF Is managed by Investec Asset Management.

Click through to read the article.

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

Media Enquiries

Please address all media related enquiries to:


EAIF Media Contact
media@eaif.com

Investec Media Contact
Vian Sharif
UK, Europe, America and Asia
Woolgate Exchange, 25 Basinghall Street, London, EC2V 5HA
Tel: +44 (0)20 7597 1834
Email: Vian.Sharif@investecmail.com

Kotie Basson
South Africa, Africa and Middle East
36 Hans Strijdom Avenue Foreshore Cape Town 8001
Tel: +27 (0)21 416 1812
Email: Kotie.Basson@investecmail.com

11 October 2016

EAIF chair congratulates Investec Asset Management on prestigious awards wins  

David White, chairman of the Emerging Africa Infrastructure Fund, has congratulated the Emerging Africa Infrastructure Fund’s manager, Investec Asset Management, on winning awards from two prestigious specialist finance publications.

Investec won the African Credit prize at the recent Private Equity Africa magazine awards event in London. emeafinance, another globally influential publication, will present Investec with its “Pan-Africa Best Asset Manager” award in London on 8th December. Investec Asset Management was also shortlisted for Private Equity’s, “House of the Year” award. “In difficult economic times in Africa and globally, winning these awards endorses not only Investec Asset Management’s professionalism, but also its tenacity and drive. My warmest congratulations to all the teams involved,” says David White.

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

Media Enquiries

Please address all media related enquiries to:


EAIF Media Contact
media@eaif.com

Investec Media Contact
Vian Sharif
UK, Europe, America and Asia
Woolgate Exchange, 25 Basinghall Street, London, EC2V 5HA
Tel: +44 (0)20 7597 1834
Email: Vian.Sharif@investecmail.com

Kotie Basson
South Africa, Africa and Middle East
36 Hans Strijdom Avenue Foreshore Cape Town 8001
Tel: +27 (0)21 416 1812
Email: Kotie.Basson@investecmail.com

26 August 2016

PIDG chief writes in Renewable Energy World

The Emerging Africa Infrastructure Fund is a member of the Private Infrastructure Development Group (PIDG).

To read about PIDG’s work in renewables energy please click below to PIDG CEO, Philippe Valahu’s recent article in Renewable Energy World.

Click here to read the full story

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

Media Enquiries

Please address all media related enquiries to:


EAIF Media Contact
media@eaif.com

Investec Media Contact
Vian Sharif
UK, Europe, America and Asia
Woolgate Exchange, 25 Basinghall Street, London, EC2V 5HA
Tel: +44 (0)20 7597 1834
Email: Vian.Sharif@investecmail.com

Kotie Basson
South Africa, Africa and Middle East
36 Hans Strijdom Avenue Foreshore Cape Town 8001
Tel: +27 (0)21 416 1812
Email: Kotie.Basson@investecmail.com

08 August 2016

Telco towers deal “boost to enterprise and business growth in Democratic Republic of Congo” says EAIF chair

US$20 million loan is 5th EAIF deal with Helios Towers Africa

The Emerging Africa Infrastructure Fund (EAIF or the Fund) has announced that it has loaned US$20 million to Helios Towers Africa (HTA) to partly finance the purchase of c 950 telecommunications towers in the Democratic Republic of Congo (DRC). EAIF is participating in a syndicated loan providing HTA with a total of US$105 million.

HTA is refurbishing and upgrading the towers to increase their working life, improve their reach and efficiency and their capacity to carry more services. The company, which leases tower space to mobile phone and data companies, is also likely to build new towers in the country as demand grows. HTA now owns over 6,500 towers across Africa.

EAIF is part of the donor-backed Private Infrastructure Development Group. EAIF is funded by the governments of the UK (DFID), Switzerland (SECO), Sweden (Sida) and The Netherlands (DGIS) and by private sector banks and development finance organisations. EAIF’s primary purpose is to stimulate private sector infrastructure projects that help develop new sustainable economic activity and new jobs, thus helping to reduce poverty. It is managed by Investec Asset Management, one of the largest third party investors in private equity, credit, public equity and sovereign debt across the African continent. In May 2016, Investec Asset Management was appointed to manage the US$670m Fund following a competitive tender process. It has integrated the Emerging Africa Infrastructure Fund into its African investment platform.

The economy of the Democratic Republic of Congo has been growing at around 9 per cent in recent years. David White, Chair of EAIF, says that, “Advanced telecommunications are vital to unlocking more of the DRC’s potential. HTA’s investment is an important boost to enterprise and business growth in the country.”

EAIF is a leading player in helping to facilitate the digital communications infrastructure in sub-Saharan Africa. This latest loan to HTA is the fifth transaction between the two. EAIF has also supported digital technology projects with other private sector businesses, most notably in undersea communications cabling and a satellite constellation over Africa. The Fund says that its primary mission to help alleviate poverty in Africa is accelerated by facilitating telecommunications development.

“No other technology has the ability to bring remote communities into the economic mainstream, provide quick and reliable payments systems, open up markets to existing businesses and stimulate new business creation. HTA’s business model widens consumer choice and helps develop more competitive telco markets, which is good for business, good forjobs and communities and good for national economic development,” says David White.

Commenting on the closure of its latest transaction with EAIF, HTA’s Chief Executive Officer, Kash Pandya, says, “EAIF has been a skilled, dependable, reliable and wholly supportive part of HTA’s growth and success. I am delighted that for the fifth time EAIF is with us as we grow the business across Africa. Our latest venture means that we are playing a key role in contributing to the long-term success of the economy of the Democratic Republic of Congo.

Our business model means that telecommunications service providers can focus their capital and management energies on the products and services they offer their customers. Because we own, operate and maintain the infrastructure, the incremental cost to our users of providing services to their customers falls. One of the many beneficial consequences of that is that more remote areas are brought into reach and the cost of services is more affordable in less developed areas.”

Telco towers deal “boost to enterprise and business growth in Democratic Republic of Congo” says EAIF chair
Telco towers deal “boost to enterprise and business growth in Democratic Republic of Congo” says EAIF chair
Telco towers deal “boost to enterprise and business growth in Democratic Republic of Congo” says EAIF chair
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

Media Enquiries

Please address all media related enquiries to:


EAIF Media Contact
media@eaif.com

Investec Media Contact
Vian Sharif
UK, Europe, America and Asia
Woolgate Exchange, 25 Basinghall Street, London, EC2V 5HA
Tel: +44 (0)20 7597 1834
Email: Vian.Sharif@investecmail.com

Kotie Basson
South Africa, Africa and Middle East
36 Hans Strijdom Avenue Foreshore Cape Town 8001
Tel: +27 (0)21 416 1812
Email: Kotie.Basson@investecmail.com

01 August 2016

EAIF renewable energy successes feature in America's top FDI publication

In mid-July 2016, Site Selection International focussed a special issue looking at African energy infrastructure developments on recent renewable energy projects supported by EAIF. Site Selection International is a prestigious American publication favoured by large American and Asian corporations and mobile investors.

Click here to read the full story

http://siteselection.com/theEnergyReport/2016/jul/new-energy-projects-in-africa-highlight-powerful-opportunities.cfm

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

Media Enquiries

Please address all media related enquiries to:


EAIF Media Contact
media@eaif.com

Investec Media Contact
Vian Sharif
UK, Europe, America and Asia
Woolgate Exchange, 25 Basinghall Street, London, EC2V 5HA
Tel: +44 (0)20 7597 1834
Email: Vian.Sharif@investecmail.com

Kotie Basson
South Africa, Africa and Middle East
36 Hans Strijdom Avenue Foreshore Cape Town 8001
Tel: +27 (0)21 416 1812
Email: Kotie.Basson@investecmail.com

05 July 2016

In 2015, EAIF helps 2.2m people gain access to infrastructure across sub-Saharan Africa

PIDG’s 2015 annual report published today says EAIF projects created nearly 8,000 permanent jobs and leveraged US$632 million in private sector investment

The Emerging Africa Infrastructure Fund’s parent organisation, the Private Infrastructure Development Group (PIDG) has today published its annual report for 2015. It was a highly successful year for PIDG, which saw over 5 million people in Africa and Asia benefit from new infrastructure projects. 2.2 million people benefited from EAIF projects.

2015 saw EAIF, which significantly exceeded its targets, achieve financial close on nine projects, leveraging US$632 million in private sector investment, creating 7,942 permanent jobs and 2,726 short-term jobs. The fund delivered PIDG’s first transaction in Congo-Brazzaville. This was the part financing of Helios Towers Congo-Brazzaville (HTC) to acquire, build, own and lease a network of telecoms towers in the country.

Click here to see more on EAIF’s achievements in 2015.

PIDG helps finance infrastructure in the world’s lowest-income countries in sub-Saharan Africa and south and south-east Asia. PIDG Facilities closed 23 deals and mobilised US$1.9 billion from private sector investors and development finance institutions, using its pool of donor funding. 11 projects were in fragile and conflict affected states.

You can browse PIDG’s digital Annual Report here for a further, interactive, look at PIDG’s developmental impact throughout 2015.

The Emerging Africa Infrastructure Fund is managed by Investec Asset Management. Click here to find out more.

In 2015, EAIF helps 2.2m people gain access to infrastructure across sub-Saharan Africa
In 2015, EAIF helps 2.2m people gain access to infrastructure across sub-Saharan Africa
In 2015, EAIF helps 2.2m people gain access to infrastructure across sub-Saharan Africa
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

Media Enquiries

Please address all media related enquiries to:


EAIF Media Contact
media@eaif.com

Investec Media Contact
Vian Sharif
UK, Europe, America and Asia
Woolgate Exchange, 25 Basinghall Street, London, EC2V 5HA
Tel: +44 (0)20 7597 1834
Email: Vian.Sharif@investecmail.com

Kotie Basson
South Africa, Africa and Middle East
36 Hans Strijdom Avenue Foreshore Cape Town 8001
Tel: +27 (0)21 416 1812
Email: Kotie.Basson@investecmail.com

10 June 2016

EAIF welcomes prestigious award for financing of Nigeria’s Azura-Edo power plant

One of the world’s leading project finance magazines, EMEAFinance, has awarded its 2015 African public/private partnership prize to the financing of the Azura-Edo power plant in Nigeria. The Emerging Africa Infrastructure Fund (EAIF) provided US$30 million in senior and subordinated loans to the project and played a key role in structuring the financing, which was led by FMO, the Dutch development bank. FMO was presented with the award at a ceremony in London on 9th June.

EAIF is a member of the Private Infrastructure Development Group, and is funded by the governments of the UK, The Netherlands, Sweden and Switzerland, private sector banks and development finance organisations.

Construction of the US$865 million, 450MW, power station in Benin City in Edo State, Nigeria, began in January 2016. When complete, it will supply 3.7 million households (approximately 22 million people) and numerous businesses. Consumers will be able to access electricity from the national grid for the first time and at lower cost than off-grid energy.

1000 people are involved in the construction of the plant and 60 permanent jobs will be created when it is operational.

David White, chair of EAIF, says that boosting Nigeria’s electricity generating capacity is at the very heart of creating a growing economy that stimulates business and jobs and helps combat poverty. He continued;

“In May 2016, The Economist magazine wrote that of all Nigeria’s daily headaches, power is perhaps the worst. That is why the Azura-Edo project is of such importance. EAIF is delighted that the project financing effort has been recognised and even more delighted that our work is helping to build stronger economies, create more jobs, build more stable societies and help banish poverty.”

The Azura-Edo IPP, a 450MW Open Cycle Gas Turbine power station, is the first project to be initiated by Azura Power. It is part of a 2,000MW IPP facility being developed near Benin City. A 100-hectare site was acquired for the IPP (Independent Power Producer), large enough to accommodate future expansion of the power plant. The facility is being executed in two to three phases with a tendered capacity, in open cycle and at site conditions, of 450MW in Phase 1. Financial Close for Phase 1 was reached on 28 December 2015 and construction started on 5 January 2016.

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

Media Enquiries

Please address all media related enquiries to:


EAIF Media Contact
media@eaif.com

Investec Media Contact
Vian Sharif
UK, Europe, America and Asia
Woolgate Exchange, 25 Basinghall Street, London, EC2V 5HA
Tel: +44 (0)20 7597 1834
Email: Vian.Sharif@investecmail.com

Kotie Basson
South Africa, Africa and Middle East
36 Hans Strijdom Avenue Foreshore Cape Town 8001
Tel: +27 (0)21 416 1812
Email: Kotie.Basson@investecmail.com

18 May 2016

Rwanda celebrates success of Lake Kivu methane to electricity project  

As President Kagame welcomes success of Lake Kivu methane to electricity project, EAIF Chair says "Project benefits everyone."

PIDG member, Emerging Africa Infrastructure Fund arranged project finance and loaned US$25 million. “Project benefits everyone,” says EAIF Chair

President Paul Kagame of Rwanda yesterday (16 May) joined local people and dignitaries from across the world at a ceremony at Kibuye on Lake Kivu to inaugurate the KivuWatt project, the world’s only facility for extracting naturally occurring methane gas which is then used to generate electricity.

By reducing the amount of gas in Lake Kivu, the possibility of a gas release caused by natural forces will be reduced. Because of the Lake Kivu development, Rwanda now has a safer lake, greater electricity generating capacity, cheaper and more reliable electricity and the Lake Kivu area has become more attractive as a business location.

President Kagame said, “Many people thought it was impossible to be successful with this but we are happy today that things have proved to be different.”

Finance for the project was co-arranged by EAIF, which also provided US$25 million in senior debt.

“This is a project of benefits for everyone,” says David White, Chairman of the Emerging Africa Infrastructure Fund (EAIF).

EAIF is part of the donor-backed Private Infrastructure Development Group. EAIF is funded by the governments of the UK (DFID), Switzerland (SECO), Sweden (Sida) and The Netherlands (DGIS) and by private sector banks and development finance orgnisations. EAIF’s primary purpose is to stimulate private sector infrastructure projects that help develop new sustainable economic activity and new jobs, thus helping to reduce poverty.

Expanding on EAIF’s involvement in the project, David White says,

“EAIF made the project finance possible. The developers, Contour Global, have overcome great technical challenges and now have an energy business in Rwanda set for commercial success.

“The greatest prizes go to Rwanda which will use the electricity to build a more sustainable economy that produces jobs and new investment. All of this in tandem with cutting the risk to human life makes this a remarkable infrastructure project in every way. We are proud to have been involved in its creation.”

The Lake Kivu project represents a significant boost to Rwanda’s electricity generating capacity. The country - one of the fastest growing in Africa – has very low levels of electrification and heavy reliance on imported diesel. Contour Global’s technology is the first in the world to successfully develop engineering and processes that makes it possible to use Lake Kivu’s methane gas to generate electricity. The facility, which has been fully operational since December 2015, produces 25MW of power and has helped Rwanda achieve 20% electrification. By using a locally available and abundant fuel, Contour Global is helping to significantly reduce Rwanda’s electricity costs. The company yesterday announced that its Lake Kivu operations are exceeding expectations. It expects the facility to produce 34MW by the end of next year and 100MW by 2019.

Nazmeera Moola, head of EAIF at the Fund’s manager, Investec Asset Management, says,

“The Fund has had a long-term commitment to the development of the KivuWatt project, providing both US$25mn in long-term debt financing and acting as a co-arranger on the transaction. KivuWatt provides a big addition to Rwanda’s energy mix by delivering base-load power in a fast growing country with rapidly rising electricity demand.”

Among the businesses benefiting from the proximity of the new power station is the area’s tea planters. They have been able to increase the productivity of their processing and packaging operations, which is good for jobs and the local economy. Other economic developments, particularly in leisure and tourism, are now more likely and public services like education and health care can be more productive because of more reliable electricity.

Since 2002, EAIF has committed over US$ 1.2 billion to 63 projects in 20 countries.

The Private Infrastructure Development Group (PIDG) was set up by a number of Western governments in 2002 to help overcome obstacles to private sector involvement with private infrastructure in sub-Saharan Africa. To learn more about PIDG and its operating facilities that provide a range of financial products in Africa and Asia.

ENDS

For further information, contact:

The Emerging Africa Infrastructure Fund is managed by Investec Asset Management.

For EAIF

Martin Roche, Communications Adviser

Cell: +44(0)771 574 9621

wmartinroche@btinternet.com

For Contour Global

Heidi GLÜCK

Tel: +43 1 512 43 21

Cell: +43 664 4416240

NOTES FOR EDITORS

In addition to the Emerging Africa Infrastructure Fund, the KivuWatt project was provided with debt finance by the African Development Bank (AfDB), the Netherlands Development Finance Company (FMO) and Belgian Investment Company for Developing Countries (BIO)

The Emerging Africa Infrastructure Fund provides a variety of debt products to infrastructure projects promoted mainly by private sector businesses in sub-Saharan Africa. Established and substantially funded by the governments of The Netherlands, Switzerland, Sweden and the United Kingdom, the Fund works with private sector businesses, African and European banks and other development funds and agencies. It helps create the infrastructure framework that is essential to sustained economic stability, business confidence, job creation and poverty reduction.

www.eaif.com

www.pidg.org

Rwanda celebrates success of Lake Kivu methane to electricity project  
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

Media Enquiries

Please address all media related enquiries to:


EAIF Media Contact
media@eaif.com

Investec Media Contact
Vian Sharif
UK, Europe, America and Asia
Woolgate Exchange, 25 Basinghall Street, London, EC2V 5HA
Tel: +44 (0)20 7597 1834
Email: Vian.Sharif@investecmail.com

Kotie Basson
South Africa, Africa and Middle East
36 Hans Strijdom Avenue Foreshore Cape Town 8001
Tel: +27 (0)21 416 1812
Email: Kotie.Basson@investecmail.com

16 May 2016

Filling East Africa’s Infrastructure Gap

The Banker magazine looks at East African finance for infrastructure, including an interview with EAIF Chairman, David White. EAIF is grateful to The Banker for permission to reproduce the article. Copyright remains with The Banker and Financial Times Publications.

Click below to download the full article as PDF:
Download PDF

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

Media Enquiries

Please address all media related enquiries to:


EAIF Media Contact
media@eaif.com

Investec Media Contact
Vian Sharif
UK, Europe, America and Asia
Woolgate Exchange, 25 Basinghall Street, London, EC2V 5HA
Tel: +44 (0)20 7597 1834
Email: Vian.Sharif@investecmail.com

Kotie Basson
South Africa, Africa and Middle East
36 Hans Strijdom Avenue Foreshore Cape Town 8001
Tel: +27 (0)21 416 1812
Email: Kotie.Basson@investecmail.com

09 May 2016

The Emerging Africa Infrastructure Fund appoints Investec Asset Management as fund manager

Final element now in place to power the Fund’s growth strategy says EAIF Chair, David White

Following a competitive tender process that brought interest from over 30 companies, from across Europe, Africa and North America, the Emerging Africa Infrastructure Fund Limited (EAIF or the Fund) has appointed Investec Asset Management (IAM) as its fund manager. IAM took over the management of the approximately US$ 670 million Fund on 9th May 2016.

EAIF is a public/private partnership. It is a member of the Private Infrastructure Development Group, and is funded by the governments of the UK, The Netherlands, Sweden and Switzerland, private sector banks and development finance organisations. Established in 2002, the Fund provides debt finance to private sector infrastructure projects in sub-Saharan Africa. To date, it has committed over US$ 1.2 billion to 63 projects in 20 countries.

The Fund aims to achieve three main objectives – to catalyse African infrastructure projects through providing long- term debt and mezzanine finance on commercial terms tailored to local needs; to invest in sustainable businesses with skilled management teams and clear potential to improve economies and help reduce poverty; and to deliver on both investment and specific development goals.

Launched in South Africa in 1991, IAM is one of the first asset management firms to build a global franchise from emerging market origins, offering a broad range of Africa-specific investment strategies. IAM will manage the entire process for EAIF, from seeking out projects, evaluating loan applications, carrying out due diligence and managing the administration of transactions. It will also market the Fund internationally and monitor the loan portfolio.

David White, Chair of EAIF, says the Fund has established itself as a market leader in infrastructure finance in Africa and is now ready to be a bigger and more potent force in the economic development of sub-Saharan Africa.

Over the last two years EAIF has recapitalised its business, strengthened its board, appointed its first executive director, revised and tightened all of its processes and procedures, improved its marketing and communications and closed transactions in power, gas infrastructure, telecommunications, sustainable energy, agribusiness, cement manufacturing and steel recycling.

Commenting on IAM’s appointment, Mr White said:

“We were impressed with IAM’s determination and agility, its commitment to our core mission and its belief in a successful future for Africa. The appointment of IAM as the Fund’s manager means that we now have the final element in place to power our growth strategy. Africa is Investec’s home territory. From African roots it has built a dynamic business and a demonstrable track record as a good corporate citizen. “

He added, “The people responsible for EAIF’s recent success will continue their outstanding work at IAM, which is inheriting a team that is greatly respected, deeply knowledgeable and uniquely skilled.”

Mr White says EAIF is a highly successful model of how to mobilise public and private capital to develop African economies and help deliver the Sustainable Development Goals. He expressed the thanks of the EAIF board to the outgoing managers, Frontier Markets Fund Managers Limited and its owner, Harith General Partners, for their custodianship of the Fund since 2013, which he said has contributed to the excellent reputation EAIF enjoys today.

Hendrik du Toit, CEO, Investec Asset Management, explains: “The private sector has a crucial role to play in unlocking the conditions for the sustainable, long-term development of Africa’s infrastructure. A major initiative of its kind globally, EAIF provides growth capital, expertise and support to projects, with the aim of stimulating economic development, encouraging growth and employment, and fueling Africa’s long-term development.”

The announcement follows the recent launch of a joint venture between IAM and Growthpoint to invest in pan- Africa real estate and provides a further opportunity to attract international capital to African markets. As one of the largest third party investors in private equity, credit, public equity and sovereign debt across the African continent, IAM will integrate EAIF and the existing team into its African investment platform, which consists of over 73 Africa-focused investment professionals with over 991 years of collective investment experience and total investments in Africa (including South Africa) of US$27 billion.

Nazmeera Moola, Co-Head of Africa Fixed Income at Investec Asset Management, who will head EAIF operations, adds: “The large demand for funding on the continent and the necessity for effective infrastructure development provides a strong investment backdrop. This offers a compelling entry point into the long-term African growth story. We are very well positioned to take advantage of these opportunities with our extensive experience of investing in emerging markets, underpinned by our heritage, which gives us deep insight into the drivers of African markets.”

Nazmeera Moola will work in tandem with EAIF’s Executive Director, Emilio Cattaneo. Mr Cattaneo, who is a direct employee of the Fund, has been central to the development of the Fund’s growth strategy.

ENDS

NOTES TO EDITORS: EAIF was advised by Riverhill Partners LLP and MDY Legal. The competitive tender process to compete for the mandate to manage the Emerging Africa Infrastructure Fund was open to any business in any domicile and was carried out under European Union procurement laws and procedures.

Further information

For EAIF - www.eaif.com

Martin Roche, Communications Adviser

media@eaif.com wmartinroche@btinternet.com +44(0)771 574 9621

Emilio Cattaneo, Executive Director

emilio.cattaneo@eaif.com

+44(0) 20 3058 3177

For IAM - www.investecassetmanagement.com

Vian Sharif

Vian.sharif@investecmail.com

+44 (0) 20 7597 1834

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

Media Enquiries

Please address all media related enquiries to:


EAIF Media Contact
media@eaif.com

Investec Media Contact
Vian Sharif
UK, Europe, America and Asia
Woolgate Exchange, 25 Basinghall Street, London, EC2V 5HA
Tel: +44 (0)20 7597 1834
Email: Vian.Sharif@investecmail.com

Kotie Basson
South Africa, Africa and Middle East
36 Hans Strijdom Avenue Foreshore Cape Town 8001
Tel: +27 (0)21 416 1812
Email: Kotie.Basson@investecmail.com

26 April 2016

EAIF sustainable energy projects featured in African Leadership magazine coverage of UK parliament

Click here to see full story

http://africanleadership.co.uk/african-sustainable-energy-infrastructure-taking-centre-stage-at-uk-parliament/

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

Media Enquiries

Please address all media related enquiries to:


EAIF Media Contact
media@eaif.com

Investec Media Contact
Vian Sharif
UK, Europe, America and Asia
Woolgate Exchange, 25 Basinghall Street, London, EC2V 5HA
Tel: +44 (0)20 7597 1834
Email: Vian.Sharif@investecmail.com

Kotie Basson
South Africa, Africa and Middle East
36 Hans Strijdom Avenue Foreshore Cape Town 8001
Tel: +27 (0)21 416 1812
Email: Kotie.Basson@investecmail.com

26 April 2016

Two EAIF projects feature in March edition of African Energy magazine

Read more about the EAIF feature in the March issue of the African Energy Magazine.

Click below to download the full article as PDF:
Download PDF

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

Media Enquiries

Please address all media related enquiries to:


EAIF Media Contact
media@eaif.com

Investec Media Contact
Vian Sharif
UK, Europe, America and Asia
Woolgate Exchange, 25 Basinghall Street, London, EC2V 5HA
Tel: +44 (0)20 7597 1834
Email: Vian.Sharif@investecmail.com

Kotie Basson
South Africa, Africa and Middle East
36 Hans Strijdom Avenue Foreshore Cape Town 8001
Tel: +27 (0)21 416 1812
Email: Kotie.Basson@investecmail.com

19 April 2016

EAIF participates in Lubilia Kawembe Hydro financing in Uganda

Author: Anna Lyudvig

The Emerging Africa Infrastructure Fund (EAIF) has participated in the financing of a project to develop and construct a 5.4MW run-of-the-river hydropower project in Uganda.

FMO, the Dutch development bank, has acted as mandated lead arranger of the $10.2m senior loan facility, of which 50% was syndicated to the EAIF, a direct investment vehicle of the Private Infrastructure Development Group. The project will be developed and owned by Lubilia Kawembe Hydro, a Ugandan entity. Lubilia is majority owned by DI Frontier Market Energy & Carbon Fund, a Danish private equity fund that is developing a portfolio of renewable energy independent power producers in Eastern Africa.

Emilio Cattaneo, Executive Director, Emerging Africa Infrastructure Fund, said: “Sustainable energy projects are now at the core of EAIF’s portfolio and we were delighted to work with FMO on the Lubilia Kawembe Hydro project.” “It is one of four hydro facilities we are helping to facilitate in Uganda and which are at different stages of development. We also have two solar farm projects in the country,” he told Africa Global Funds. Cattaneo said that “EAIF currently has a strong new business pipeline in sustainable energy”.

“Alongside the traditionally understood economic development benefits of new energy capacity, such as power for industry and homes, is the unlocking of the digital world. EAIF is a leading lender in power and telecommunications and we anticipate a growing flow of good quality projects in both sectors,” he said.

Lubilia Kawembe Hydro project will be located at the foot of the Rwenzori Mountains in Western Uganda. It will serve the equivalent of 256,000 people via generation and has an annual avoided GHG rate of 11,000 tCO2eq. Uganda has one of the lowest electricity consumption per capita in the world, with an average electrification rate of 15%. The country’s power sector suffered from a shortage of generating capacity and a lack of reliable and affordable electricity is hindering a more sustainable economic growth.

FMO said that this small run-of-the-river hydro power project is the second project out of a larger mandate with Frontier to arrange approximately $56m financing for four small hydro’s in Uganda, totaling 31.9MW (~140GWh). “The first project, Siti 1, achieved financial close on October 28, 2015. FMO financed this project together with EAIF. We are currently in due diligence phase for the Siti 2 (16MW) project,” FMO said.

The project is developed under the KfW led GET FiT facility, which is a dedicated support scheme for renewable energy projects managed by Germany’s KfW Development Bank in partnership with the Government of Uganda through the Electricity Regulatory Agency (ERA). The project is funded by the European Union Infrastructure Trust Fund, and is also supported by the Governments of Norway, Germany and the UK.

EAIF participates in Lubilia Kawembe Hydro financing in Uganda
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

Media Enquiries

Please address all media related enquiries to:


EAIF Media Contact
media@eaif.com

Investec Media Contact
Vian Sharif
UK, Europe, America and Asia
Woolgate Exchange, 25 Basinghall Street, London, EC2V 5HA
Tel: +44 (0)20 7597 1834
Email: Vian.Sharif@investecmail.com

Kotie Basson
South Africa, Africa and Middle East
36 Hans Strijdom Avenue Foreshore Cape Town 8001
Tel: +27 (0)21 416 1812
Email: Kotie.Basson@investecmail.com

08 April 2016

Meeting at UK Parliament Update

Since reporting on the meeting at the House of Commons, run by the All Party Parliamentary Group on Africa on 22nd March, a sound recording of the event has become available at the link below. You can also see the charts presented.

The event was developed and supported by the Emerging Africa Infrastructure Fund and AFFORD, the Africa Development Foundation.

https://www.mixcloud.com/royafrisoc/africa-appg-developing-sustainable-accessible-energy-infastructure-in-sub-saharan-africa/

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

Media Enquiries

Please address all media related enquiries to:


EAIF Media Contact
media@eaif.com

Investec Media Contact
Vian Sharif
UK, Europe, America and Asia
Woolgate Exchange, 25 Basinghall Street, London, EC2V 5HA
Tel: +44 (0)20 7597 1834
Email: Vian.Sharif@investecmail.com

Kotie Basson
South Africa, Africa and Middle East
36 Hans Strijdom Avenue Foreshore Cape Town 8001
Tel: +27 (0)21 416 1812
Email: Kotie.Basson@investecmail.com

23 March 2016

EAIF stimulates UK parliament event on sustainable energy for Africa

“Emerging Africa Infrastructure Fund has 15 sustainable energy projects in new business pipeline,” says non-executive director, Julia Prescot

The Emerging Africa Infrastructure Fund (EAIF or the Fund) has 15 new sustainable energy projects in its new business pipeline, said non-executive director, Julia Prescot at a meeting at the UK’s House of Commons on 22nd March. The projects are in nine Sub-Saharan African countries. If they all reach financial close, they will provide a total of 665 MW of electricity.

EAIF is a member of the Private Infrastructure Development Group. The Fund is a public/private partnership supported by the governments of the UK, The Netherlands, Sweden and Switzerland, private sector banks and development finance organisations.

Julia Prescot said that EAIF is already a leading provider of debt funding to the sustainable energy sector in Sub-Saharan Africa.

“These new projects have the potential to significantly widen access to sustainable electricity, help stimulate economies and make public services like education and health more productive. They are prime examples of how EAIF contributes to mobilising private sector capital and enterprise to bring a wide range of benefits to people and economies.”

Julia Prescot was speaking at the first of a series of three seminars on African infrastructure proposed by EAIF and hosted by the UK parliament’s All Party Parliamentary Group on Africa (APPGA). Afford – the African Foundation for Development, worked with EAIF to develop and support the initiative.

Introducing the session, the chair of the APPGA and Labour MP, Chi Onwurah MP, said,

“Sustainable and accessible energy infrastructure in Sub-Saharan Africa is incredibly important and needs to be at the top of the agenda.

“The APPGA exists to promote meaningful and positive relationships between Africa and the UK. It is in the interests of both the UK and African nations to work together to support Africa’s economic development. This session will contribute to spreading knowledge of the many initiatives already in place and informing policy development.”

A capacity audience from the African diplomatic corps in London and from business, finance, industry, NGOs and academic institutions attended the meeting.

In addition to the presentation from Julia Prescot, the meeting heard from David Kennedy, director general of economic development at the UK Department for International Development (DFID) and from Edward George, head of research at Ecobank Group.

Mr Kennedy explained that the UK government’s prime aim is to contribute to alleviating poverty through the structural transformation of economies. He said people cannot be brought out of poverty without economic development.

Lack of energy capacity is the single biggest constraint to economic growth.

Mr Kennedy focussed on DFID’s role in the energy sector and emphasised the importance of encouraging legal and regulatory structures in Sub-Saharan countries that enable investment and improve the ability of energy markets to work effectively, competitively and efficiently to the benefits of all stakeholders.

Edward George spoke about size of the challenge of meeting need and demand for electricity in Sub-Saharan Africa, saying that African demand for electricity is continuously growing.

He said the gap between what exists now and what is needed is enormous and explained that Nigeria has a generating capacity similar to that of London, but Nigeria has a population 20 times bigger.

“The gap between what exists now and what is needed is absolutely enormous. 40% of Africans have no access to power and in some individual countries the figure is much higher.”

Mr George saw micro-generation as an an increasingly viable, practical and affordable way of powering homes and small businesses in areas remote from mainstream electricity generation and distribution facilities.

He went on to say that in many parts of Africa electricity distribution networks were often hundreds of miles from remote rural areas and that is no realistic prospect of these places being connected to national grids.

“It is encouraging to hear of the new sustainable energy projects that EAIF has in its business pipeline. Solar farms and small hydro stations such as those EAIF helps to finance can transform urban and rural areas.”

“For the many thousands of settlements in deeply remote rural Africa a big part of the answer is micro-generation. There is technology now in operation in over 100,000 homes in rural Africa that combines small scale solar generation for cooking and lighting with energy for mobile phones. Mobile phones give access to payment and other financial services and improve access to markets in areas like farm and forest products, tourism and craft production.”

The All Party Parliamentary Group on Africa will be hosting two further seminars on African infrastructure issues later in the year. Both events will be supported by the Emerging Africa Infrastructure Fund and Afford.

ENDS

For further information contact Martin Roche at

media@eaif.com

wmartinroche@btinternet.com

+44(0)771 574 9621

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

Media Enquiries

Please address all media related enquiries to:


EAIF Media Contact
media@eaif.com

Investec Media Contact
Vian Sharif
UK, Europe, America and Asia
Woolgate Exchange, 25 Basinghall Street, London, EC2V 5HA
Tel: +44 (0)20 7597 1834
Email: Vian.Sharif@investecmail.com

Kotie Basson
South Africa, Africa and Middle East
36 Hans Strijdom Avenue Foreshore Cape Town 8001
Tel: +27 (0)21 416 1812
Email: Kotie.Basson@investecmail.com

18 February 2016

EAIF participates in Uganda solar farm project financing, led by FMO

The Emerging Africa Infrastructure Fund (EAIF) announces today that it has participated in the financing of a project to build an industrial scale solar power station in Uganda, near the rural town of Soroti.

The Netherlands development bank, FMO, arranged and structured the transaction. EAIF contributed US$5.35 million to FMO’s total loan to its client of US$10.7 million. The facility is being built and operated by Access Uganda Solar Limited, a partnership between Eren Renewable Energy and Access Infra Africa.

EAIF is a direct investment vehicle of the Private Infrastructure Development Group.

Generating 10.13 megawatts of electricity at full capacity, Soroti’s solar station output will be fed into Uganda’s national grid. It is likely that the energy will be used to meet local demands, as this will reduce losses caused by long distance transmission. Access Uganda Solar estimates that it will supply 40,000 homes with sustainable clean energy. Local people will benefit from the improved reliability of supply. Construction is underway, with full production estimated to begin the second half of 2016.

Only 6% of rural Uganda has access to electricity, with most energy currently generated by hydro power. Solar power helps diversify power supply sources and makes a significant contribution when low rainfall or drought reduces the dependability of hydro stations.

Emilio Cattaneo, EAIF’s Executive Director, says,

“Solar power has enormous potential to transform lives and economies in Africa. This is the third solar project we have been instrumental in developing. The Soroti development takes the world closer to achieving the UN’s Sustainable Development Goals. ”The Soroti project also benefits from the GET FiT programme, which provides subsidies to projects. Because of GET FiT, the local electricity grid is being made more reliable with higher capacity and contributing towards more affordable energy for users.

For further information on EAIF contact:

Martin Roche on wmartinroche@btinternet.com

+44 (0)771 574 9621

For Access Uganda Solar Limited: Brunswick (Paris) Agnes Catineau/Guillaume Le Tarnec: Tel: 01 53 96 83 83 eren@brunswickgroup.com

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

Media Enquiries

Please address all media related enquiries to:


EAIF Media Contact
media@eaif.com

Investec Media Contact
Vian Sharif
UK, Europe, America and Asia
Woolgate Exchange, 25 Basinghall Street, London, EC2V 5HA
Tel: +44 (0)20 7597 1834
Email: Vian.Sharif@investecmail.com

Kotie Basson
South Africa, Africa and Middle East
36 Hans Strijdom Avenue Foreshore Cape Town 8001
Tel: +27 (0)21 416 1812
Email: Kotie.Basson@investecmail.com

17 February 2016

EAIF chair, David White, talks about Fund’s ITC investments in Kenya

EAIF chair, David White, talks to Financial Times publication, FDI Intelligence, about the impact of one of the Fund’s ITC investments in Kenya and the numerous economic development benefits of expanding the information technology infrastructure stock across Africa.

Click below to download the full article as PDF:
Download PDF

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

Media Enquiries

Please address all media related enquiries to:


EAIF Media Contact
media@eaif.com

Investec Media Contact
Vian Sharif
UK, Europe, America and Asia
Woolgate Exchange, 25 Basinghall Street, London, EC2V 5HA
Tel: +44 (0)20 7597 1834
Email: Vian.Sharif@investecmail.com

Kotie Basson
South Africa, Africa and Middle East
36 Hans Strijdom Avenue Foreshore Cape Town 8001
Tel: +27 (0)21 416 1812
Email: Kotie.Basson@investecmail.com

17 February 2016

EAIF features in Africa Global Funds Cote d’Ivoire infrastructure special feature

The Emerging Africa Infrastructure Fund is quoted in the February edition of the leading African finance publication, Africa Global Funds (AGF).

AGF looks at the key drivers of infrastructure finance in Cote d’Ivoire. Also covered in the feature is EAIF’s sister facility, GaurantCo (both are facilities of the Private Infrastructure Development Group - PIDG). Click here to read the full feature.

Click below to download the full article as PDF:
Download PDF

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

Media Enquiries

Please address all media related enquiries to:


EAIF Media Contact
media@eaif.com

Investec Media Contact
Vian Sharif
UK, Europe, America and Asia
Woolgate Exchange, 25 Basinghall Street, London, EC2V 5HA
Tel: +44 (0)20 7597 1834
Email: Vian.Sharif@investecmail.com

Kotie Basson
South Africa, Africa and Middle East
36 Hans Strijdom Avenue Foreshore Cape Town 8001
Tel: +27 (0)21 416 1812
Email: Kotie.Basson@investecmail.com

17 February 2016

EAIF featured in Metal Bulletin’s Africa Mining supplement

Metal Bulletin, one of the world’s most authoritative mining, metals and commodities publications, features an interview with EAIF’s Roland Janssens in its Africa Mining supplement, published at the beginning of February 2016.

Click below to download the full article as PDF:
Download PDF

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

Media Enquiries

Please address all media related enquiries to:


EAIF Media Contact
media@eaif.com

Investec Media Contact
Vian Sharif
UK, Europe, America and Asia
Woolgate Exchange, 25 Basinghall Street, London, EC2V 5HA
Tel: +44 (0)20 7597 1834
Email: Vian.Sharif@investecmail.com

Kotie Basson
South Africa, Africa and Middle East
36 Hans Strijdom Avenue Foreshore Cape Town 8001
Tel: +27 (0)21 416 1812
Email: Kotie.Basson@investecmail.com

02 February 2016

EAIF telco towers loan delivers infrastructure advances and benefits in Congo Republic

Businesses, consumers and telecoms service providers in the Republic of the Congo (“the Republic” or “Congo Republic”) will benefit from a loan transaction announced today by the Emerging Africa Infrastructure Fund (“EAIF” or “The Fund). EAIF is a direct investment vehicle of the Private Infrastructure Development Group.

EAIF is making a US$43 million loan available to Helios Towers Africa’s (“HTA”) subsidiary in Congo Republic. HTA is one of the leaders in telecommunications infrastructure provision on the continent. It is the fourth time that EAIF has been involved with an HTA expansion project and is the Fund’s first investment in the Republic.

HTA acquired c. 400 telecommunications towers in the Republic from Airtel in 2015. All of the towers are to be refurbished, power supply technology upgraded and visual improvements made. Depending on customer demand, the funding package could see a significant number of new towers built in the country, further enabling the population to communicate using voice and data technologies. HTA operates towers in a number of African Countries. It estimates that satisfying the demand for telecommunications services in Africa will require an additional 100,000 cell sites over the next five years.

David White, chairman of EAIF, says; “Modernising and expanding HTA’s tower infrastructures in the Republic of Congo is as important to economic development today as railway building was 100 years ago. More reliable and more sophisticated digital communications are essential to enterprise, job creation and growth. The contribution to this expansion by HTA is entirely in line with our remit to work with energetic private sector businesses. Every transaction of this kind improves the potential for lasting economic stability and poverty reduction.

I am delighted that for the first time we have made an investment in the Republic of Congo and look forward to more projects there in future.”

Kash Pandya, Chief Executive Officer at HTA, commented: “HTA is delighted that the Emerging Africa Infrastructure Fund is again helping us grow. EAIF’s involvement is very welcome and we value its commitment to stronger African economies and its professionalism.”HTA operates a tower sharing strategy that allows multiple users to lease capacity. The strategy reduces total costs incurred by service providers in building and maintaining their own towers and allows them to focus on customer service and developing new products.”

The Congo Republic market has potential for substantial growth. The markets for mobile internet and advanced data services are in their early stages. Upgrading the towers will improve network performance and facilitate the rollout of advanced technologies, giving operators stable platforms to introduce new services. Fixed line telephone availability and service quality often falls off sharply outside Africa’s big urban centres. HTA is facilitating the expansion of mobile coverage into rural areas. Growing the stock of phone masts and extending into rural economies opens up opportunities in agriculture, education, health care and tourism. Widening customer bases in rural areas is quicker and cheaper when leasing access to shared towers. Processing plants and other facilities that must have reliable, efficient and competitive telecommunications can for the first time consider a rural location.

The incentive for operators to share towers is also being driven by growing competition between providers. Competition is widening consumer choice and putting downward pressure on prices. It is also thinning profit margins and focussing management efforts on winning customers and tightening cost control. Consequently, tower sharing is growing in popularity. The Emerging Africa Infrastructure Fund was a co-lender to HTA with UBA, BNP Paribas, FMO and DEG.

For further information about the Private Infrastructure Development Group please visit www.pidg.org

About Helios Towers Africa

• HTA is one of the leading, independent telecommunications towers companies in Africa with over 5000 towers under ownership and management, and a significant build pipelines

• HTA currently operates in Ghana, Tanzania, the Democratic Republic of Congo and the Republic of Congo;

• HTA acquires, builds and manages telecom infrastructure, leasing it to operators in Africa. HTA pioneered the sale-leaseback model in Africa, buying towers held by single operators and leasing them back to the seller and multiple other operators simultaneously;

• Both HTA’s model of shared telecoms infrastructure and its scale, help deliver improved efficiency for operators, reduced costs for users and increased accessibility; and

• HTA has been operational since 2009 and its investors include: Helios Investment Partners, Albright Capital Management, RIT Capital Partners, Quantum Strategic Partners Ltd and the International Finance Corporation

Helios Towers Africa media relations: Bell Pottinger

Nick Lambert / Victoria Geoghegan

+44 (0) 20 3772 2562

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

Media Enquiries

Please address all media related enquiries to:


EAIF Media Contact
media@eaif.com

Investec Media Contact
Vian Sharif
UK, Europe, America and Asia
Woolgate Exchange, 25 Basinghall Street, London, EC2V 5HA
Tel: +44 (0)20 7597 1834
Email: Vian.Sharif@investecmail.com

Kotie Basson
South Africa, Africa and Middle East
36 Hans Strijdom Avenue Foreshore Cape Town 8001
Tel: +27 (0)21 416 1812
Email: Kotie.Basson@investecmail.com

23 December 2015

EAIF is US$5 million contributor to syndicated US$49 million facility for DRC firm PHC

The Emerging Africa Infrastructure Fund (EAIF) is to lend US$5m to help finance the rehabilitation, repair and development of three ‘brownfield’ palm oil plantations in the Democratic Republic of Congo.

EAIF’s US$5m contributes to a loan facility totalling US$49m, provided to DRC-based agribusiness Plantations et Huileries du Congo SA (PHC), by a four-member syndicate. The other three members of the syndicate are European development finance institutions DEG (Germany), FMO (The Netherlands and BIO (Belgium). PHC is a subsidiary of Feronia Inc, a Canadian-listed company. When Feronia acquired PHC in 2009 the three plantations had suffered from years of underinvestment and considerable disruption to operations caused by the long-running conflict in DRC. It is currently working to rebuild the business.

The loan facility will finance PHC’s continuing investment into equipment, replanting existing planted areas, fertiliser and environmental and social governance expenditures. There is also a strong infrastructure component to PHC’s planned expenditures. PHC maintains extensive publicly-accessible infrastructure in the remote areas of northern DRC where it operates, including water sources, around 1700km of roads and bridges, a number of river ports and three airstrips. PHC also maintains the only social infrastructure available in this part of DRC including four hospitals, other health facilities and local schools. As a loan condition PHC is required to upgrade the boilers at its three palm oil mills, to incorporate electricity-generating turbines, which will boost power supplies locally.

Following decades of conflict in DRC it is currently very difficult for businesses operating there to attract private sector finance for infrastructure. EAIF’s loan helps address this infrastructure financing gap. Currently PHC is one of DRC’s largest employers, with almost 4000 permanent staff and thousands more seasonal workers on its payroll. PHC’s three plantations are brownfield sites, previously planted, and the company operates a ‘no deforestation’ policy. It is working towards Roundtable for Sustainable Palm Oil (RSPO) certification.

Please see www.feronia.com for further information on the company’s activities and forward business plan.

For EAIF:

Karen Triggs

Head of Communications

Private Infrastructure Development Group

00 44 7515 407262

karen.triggs@pidg.org

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

Media Enquiries

Please address all media related enquiries to:


EAIF Media Contact
media@eaif.com

Investec Media Contact
Vian Sharif
UK, Europe, America and Asia
Woolgate Exchange, 25 Basinghall Street, London, EC2V 5HA
Tel: +44 (0)20 7597 1834
Email: Vian.Sharif@investecmail.com

Kotie Basson
South Africa, Africa and Middle East
36 Hans Strijdom Avenue Foreshore Cape Town 8001
Tel: +27 (0)21 416 1812
Email: Kotie.Basson@investecmail.com

24 November 2015

Leading UK newspaper The Guardian reports on EAIF supported Rwanda solar farm

On 23 November, The Guardian, one of the largest selling quality newspapers in the UK, ran a large feature story on the 8.5MW Gigawatt Global solar farm in eastern Rwanda. The solar farm, which was financed and built in just a year, became operational in Spring 2015. It . EAIF provided a senior debt facility of US$10.6 million to the project, which had total development cost of US$23.7 million. The size and period of the loan and EAIF’s ability to rapidly close the financial and legal aspects of the transaction, allowed the company to meet its ambitious construction and completion deadlines.

“Arise, shine for your light has come,” reads a sign at the entrance to the first major solar power farm in east Africa. The 8.5 megawatt (MW) power plant in Rwanda is designed so that, from a bird’s-eye view, it resembles the shape of the African continent. “Right now we’re in Somalia,” jokes Twaha Twagirimana, the plant supervisor, during a walkabout of the 17-hectare site. The plant is also evidence, not only of renewable energy’s increasing affordability, but how nimble it can be. The $23.7m (£15.6m) solar field went from contract signing to construction to connection in just a year, defying sceptics of Africa’s ability to realise projects fast.The setting is magnificent amid Rwanda’s famed green hills, within view of Lake Mugesera, 60km east of the capital, Kigali. Some 28,360 solar panels sit in neat rows above wild grass where inhabitants include puff adders. Tony Blair and Bono have recently taken the tour. From dawn till dusk the computer-controlled photovoltaic panels, each 1.9 sq metres, tilt to track the sun from east to west, improving efficiency by 20% compared to stationary panels. The panels are from China while the inverters and transformers are from Germany.

To read the full article please visit:

http://bit.ly/1SV6Zno

Leading UK newspaper The Guardian reports on EAIF supported Rwanda solar farm
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

Media Enquiries

Please address all media related enquiries to:


EAIF Media Contact
media@eaif.com

Investec Media Contact
Vian Sharif
UK, Europe, America and Asia
Woolgate Exchange, 25 Basinghall Street, London, EC2V 5HA
Tel: +44 (0)20 7597 1834
Email: Vian.Sharif@investecmail.com

Kotie Basson
South Africa, Africa and Middle East
36 Hans Strijdom Avenue Foreshore Cape Town 8001
Tel: +27 (0)21 416 1812
Email: Kotie.Basson@investecmail.com

20 November 2015

Nigeria's President Muhammadu Buhari confirms appointment of EAIF director to lead country's Finance Ministry

Julia Prescot joins EAIF credit committee

Dr Mahmoud Isa-Dutse, a non-executive director of the Emerging Africa Infrastructure Fund (EAIF), is to lead Nigeria’s Ministry of Finance. He will hold the rank of Permanent Secretary and is one of 18 new permanent secretaries appointed with the approval of President Muhammadu Buhari. Dr Isa-Dutse is relinquishing all of his directorships to focus on his new role.

In congratulating Dr Isa-Dutse on his appointment and thanking him for his service, EAIF chairman, David White, says,

“Mahmoud Isa-Dutse has brought to EAIF his deep knowledge of African business and economics, sound judgement and wise counsel. He is a man of great ability and integrity. His appointment is very good news for Nigeria.”

Dr Isa-Dutse has been replaced on EAIF’s Credit Committee by Julia Prescot, who joined the board earlier this year.

David White says that the board is delighted that Julia Prescot is giving more of her time, expertise and judgement to EAIF.

“We are fortunate to have someone already on the board with the qualities, skills and experience needed for the very demanding work done by our Credit Committee.”

Julia Prescot is the chief strategy officer at Meridiam Infrastructure, a long-term infrastructure fund. It has grown to be a highly successful enterprise, with $3.5 billion under management. In a career of over 25 years she has advised private and public sector organisations in established and emerging markets.

The Emerging Africa Infrastructure Fund is a member of the Private Infrastructure Development Group. Established in 2002, EAIF is a debt fund that has invested over US$1.1 billion in 58 projects in 18 sub-Saharan countries. EAIF is financed by donor governments and commercial banks and supports private sector infrastructure projects, often in countries recovering from conflict or natural disaster.

ENDS

Pictures and captions below.

Media enquiries: Martin Roche +44(0)771 574 9621

www.eaif.com

Julia Prescot, a non-executive director at the Emerging Africa Infrastructure Fund, is replacing Dr Mahmoud Isa-Dutse on EAIF’s Credit Committee.

Dr Mahmoud Isa-Dutse has been appointed Permanent Secretary at Nigeria’s Ministry of Finance.

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

Media Enquiries

Please address all media related enquiries to:


EAIF Media Contact
media@eaif.com

Investec Media Contact
Vian Sharif
UK, Europe, America and Asia
Woolgate Exchange, 25 Basinghall Street, London, EC2V 5HA
Tel: +44 (0)20 7597 1834
Email: Vian.Sharif@investecmail.com

Kotie Basson
South Africa, Africa and Middle East
36 Hans Strijdom Avenue Foreshore Cape Town 8001
Tel: +27 (0)21 416 1812
Email: Kotie.Basson@investecmail.com

03 November 2015

Emerging Africa Infrastructure Fund prominent in 2015 edition Clean Energy Africa Finance Guide

Published by Clean Energy Pipeline, the 2015 Clean Energy Africa Finance Guide features EAIF projects in a number of its articles. They include the KivuWatt biogas project on Rwanda’s Lake Kivu and the 426 MW power station developed by Azito Energie in Cote De Ivoire.

EAIF Executive Director, Emilio Cattaneo, says the inclusion of the Fund projects in the 2015 guide demonstrates the Fund’s status as a leading provider of debt finance to the energy sector in sub-Saharan Africa.

“Our investment in mainstream and renewables projects across sub-Saharan Africa is close to half a billion US$. We have developed a reputation as a valued finance partner and have won awards as both a lender and arranger,” says Cattaneo.

To read the whole of the 2015 Clean Energy Africa Finance Guide please visit:

http://bit.ly/1MFhzAB

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

Media Enquiries

Please address all media related enquiries to:


EAIF Media Contact
media@eaif.com

Investec Media Contact
Vian Sharif
UK, Europe, America and Asia
Woolgate Exchange, 25 Basinghall Street, London, EC2V 5HA
Tel: +44 (0)20 7597 1834
Email: Vian.Sharif@investecmail.com

Kotie Basson
South Africa, Africa and Middle East
36 Hans Strijdom Avenue Foreshore Cape Town 8001
Tel: +27 (0)21 416 1812
Email: Kotie.Basson@investecmail.com

29 October 2015

Commercial operations begin at EAIF supported power plant expansion in Ghana

With the support of a US$15 million loan from the Emerging Africa Infrastructure Fund (EAIF), and other public and private finance organisations, the T2 power station at Takoradi in Ghana has been expanded from 220 megawatts of capacity to 330 megawatts. The plant’s majority owner, Abu Dhabi National Energy Company PJSC (TAQA), announced on 20th October 2015 that the T2 plant expansion has achieved commercial operations and is now supplying electricity to Ghana’s national grid.

Ghana’s demand for electricity is growing by 10% a year. The T2 development is at the forefront of the drive to provide the country with more, and more reliable, electricity.

David White, EAIF Chairman, says,

“We want to congratulate TAQA and its partner, Ghana’s Volta River Authority, on the great achievement of boosting Ghana’s electricity generating capacity. The plant will play a core role in strengthening Ghana’s economy and boosting the confidence of local and international investors. EAIF’s job is to help build the vital foundations for modern economies and T2 is a prime example.”

The technology employed in T2’s expansion has cut generating costs and increased power production capacity, without additional fuel use and emissions. Output is up by 50% and the project has reduced Ghana’s reliance on hydro power, which is rainfall dependant. The project is a joint venture between the private-sector company, TAQA, which operates the plant and holds 90% ownership in the venture, and The Volta River Authority with 10%.

T2 is also notable for the high safety standards of the construction period. There were no lost-time injuries and more than 900 injury-free days were recorded since the expansion project began in 2013. That is the equivalent of 9,700,000 man hours.

ENDS

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

Media Enquiries

Please address all media related enquiries to:


EAIF Media Contact
media@eaif.com

Investec Media Contact
Vian Sharif
UK, Europe, America and Asia
Woolgate Exchange, 25 Basinghall Street, London, EC2V 5HA
Tel: +44 (0)20 7597 1834
Email: Vian.Sharif@investecmail.com

Kotie Basson
South Africa, Africa and Middle East
36 Hans Strijdom Avenue Foreshore Cape Town 8001
Tel: +27 (0)21 416 1812
Email: Kotie.Basson@investecmail.com

20 October 2015

EAIF chairman speaks at fdi Global Forum in London

David White, the chair of the Emerging Africa Infrastructure Fund (EAIF), was a member of a distinguished panel of global business leaders at the fdi magazine’s Global Forum held in London on 24th September. The Forum hears from world class speakers on the latest trends and key issues in foreign direct investment, including geopolitics and economics, finance, technology, property, human resources, education and skills development.

Mr White, who has forty years of investment banking experience in Africa and internationally, talked about the vital role of infrastructure in economic development. He outlined the success EAIF has had in supporting nearly 60 projects across eight sectors in sub-Saharan Africa and said that EAIF’s track record made it a model of public/private partnership.

“EAIF has been immensely successful and is a model of wholly productive use of development budgets. The positive impact of the infrastructure we help finance can last for many decades and help transform economies and lives.”

EAIF is often able to look at innovative ways of financing infrastructure projects. It has the flexibility and capability to not only provide debt finance but also to structure and arrange total finance packages. Infrastructure project promotors value the expertise, experience, commitment and tenacity EAIF brings to projects.

Commenting after the conference, David White said,

“It was an excellent conference made particularly important because at the same time the world’s leaders were gathering at the UN in New York to launch the new global Sustainable Development Goals (SDGs). EAIF’s objective is to facilitate economic development that directly and indirectly contributes to the alleviation of poverty. What we do makes important contributions to helping the world achieve the Sustainable Development Goals. “

James King, Africa and Middle East Editor of The Banker, was the session moderator. The Banker and fdi Magazine are published by the Financial Times.

Speaking alongside David White at the fdi Forum were Michael Ansah, vice president global real estate and facilities at Dell, the IT company; Peter Norman, senior vice president, acquisitions and development at Hyatt, the global hotel business and Catherine Woo, investment director, UK and Europe at the Government of Victoria, Australia.

ENDS

The Emerging Africa Infrastructure Fund is grateful to the fdi magazine for permission to use the interview with David White on the EAIF website. Copyright of the interview remains with the fdi magazine.

For further information call Martin Roche on +44(0)771 574 9621

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

Media Enquiries

Please address all media related enquiries to:


EAIF Media Contact
media@eaif.com

Investec Media Contact
Vian Sharif
UK, Europe, America and Asia
Woolgate Exchange, 25 Basinghall Street, London, EC2V 5HA
Tel: +44 (0)20 7597 1834
Email: Vian.Sharif@investecmail.com

Kotie Basson
South Africa, Africa and Middle East
36 Hans Strijdom Avenue Foreshore Cape Town 8001
Tel: +27 (0)21 416 1812
Email: Kotie.Basson@investecmail.com

15 September 2015

Emilio Cattaneo to lead growth drive at Emerging Africa Infrastructure Fund

Emilio Cattaneo has joined the Emerging Africa Infrastructure Fund (EAIF) as its first Executive Director. Mr Cattaneo’s background is in investment banking. He has deep experience of emerging markets and the infrastructure sector, equity and debt products and of managing financial services businesses.

His core primary responsibilities at EAIF, part of the Private Infrastructure Development Group, include implementing the Fund’s growth strategy, securing deeper penetration of the sectors EAIF lends to, providing strategic advice to the board and strengthening and widening relations with donor governments, banks, advisers and key audiences in Africa and Europe.

Other duties include the supervision of EAIF’s sub- contracted fund managers and other third party service providers to the Fund, and matters of compliance, governance and business efficiency. Mr Cattaneo will be the principal spokesperson for EAIF and be an ambassador for the Fund. EAIF’s chairman, Mr David White, says that Mr Cattaneo was the outstanding candidate for the post. “He has the blend of intellectual weight, professional background and engaging personality needed to be a success in boardrooms and government offices in Africa and Europe,” says Mr White. Commenting his new role, Mr Cattaneo says; “Over nearly 15 years, EAIF has established its reputation as a valued component in economic development in sub-Saharan Africa.

We want to build on our success in traditional infrastructure, broaden our portfolio across the infrastructure spectrum and have greater penetration into new economy areas, particularly in digital infrastructure and allied systems, in order to meet the needs of rapidly changing African markets. I am delighted to be to bringing my professional abilities to bear on work that builds Africa’s stock of infrastructure assets and helps promote development and combat poverty. ”In addition to English and Italian, Mr Cattaneo speaks Portuguese, French and Spanish. He attended Hertford College, University of Oxford, graduating in biochemistry with economics. He spent close to 20 years with HSBC in the UK and abroad.

Subsequently he worked in a number of smaller firms, including an advisory M&A boutique that he founded and ran for 7 years and in a commodity brokerage firm focused on emerging markets, including Africa. Most recently, he was Director, Asset Management at Climate Change Capital, a London- based fund manager, where he was closely involved in the development of an African private equity agri-business and renewable energy fund.

Emilio Cattaneo to lead growth drive at Emerging Africa Infrastructure Fund
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

Media Enquiries

Please address all media related enquiries to:


EAIF Media Contact
media@eaif.com

Investec Media Contact
Vian Sharif
UK, Europe, America and Asia
Woolgate Exchange, 25 Basinghall Street, London, EC2V 5HA
Tel: +44 (0)20 7597 1834
Email: Vian.Sharif@investecmail.com

Kotie Basson
South Africa, Africa and Middle East
36 Hans Strijdom Avenue Foreshore Cape Town 8001
Tel: +27 (0)21 416 1812
Email: Kotie.Basson@investecmail.com

31 December 2014

Refinancing of EAIF in 2014

On the 10th of November, EAIF concluded the refinancing of EAIF. US$225m new facilities were raised from KFW, FMO, Standard Bank and Standard Charter Bank. US$100m out of the US$225m were used to repay existing lenders.

As a result, Standard Chartered Bank was added as a new lender and FMO and Standard Bank were reintroduced as lenders to the Fund. KfW maintained its role as one of the most committed lenders to EAIF. These are relationships EAIF can leverage for future transactions as part of the Fund’s strategy to work more closely with commercial banks.

Refinancing of EAIF in 2014
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

Media Enquiries

Please address all media related enquiries to:


EAIF Media Contact
media@eaif.com

Investec Media Contact
Vian Sharif
UK, Europe, America and Asia
Woolgate Exchange, 25 Basinghall Street, London, EC2V 5HA
Tel: +44 (0)20 7597 1834
Email: Vian.Sharif@investecmail.com

Kotie Basson
South Africa, Africa and Middle East
36 Hans Strijdom Avenue Foreshore Cape Town 8001
Tel: +27 (0)21 416 1812
Email: Kotie.Basson@investecmail.com

30 December 2014

EAIF Lends US$ 30 million to Indorama Eleme Fertilizer & Chemicals Ltd

EAIF’s loan is part of a US$ 800 Million debt facility for Indorama Eleme Fertilizer & Chemicals Limited to develop, construct and operate a 1.4M MTPA Nitrogenous Fertilizer Complex in Port Harcourt, Rivers State, Nigeria.

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

Media Enquiries

Please address all media related enquiries to:


EAIF Media Contact
media@eaif.com

Investec Media Contact
Vian Sharif
UK, Europe, America and Asia
Woolgate Exchange, 25 Basinghall Street, London, EC2V 5HA
Tel: +44 (0)20 7597 1834
Email: Vian.Sharif@investecmail.com

Kotie Basson
South Africa, Africa and Middle East
36 Hans Strijdom Avenue Foreshore Cape Town 8001
Tel: +27 (0)21 416 1812
Email: Kotie.Basson@investecmail.com