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Democratic Republic of Congo



Senior Debt Provided

US$7.5 million

In 2013, EAIF supported Helios Towers Africa’s (HTA) acquisition of 700 telecommunications towers in the Democratic Republic of Congo. The majority of the towers have been reactivated, refurbished and leased out to a mobile communications provider.

HTA’s strategy is to finance, maintain and improve towers and lease space to multiple users. Tower sharing saves materials and energy and allows users to employ capital in other parts of their businesses. HTA also builds new towers at the request of existing telecom providers. The upgrade programme and the new build activities have created new jobs and grown the DRC’s pool of labour skilled in tower construction, operations and maintenance. The company’s development has expanded mobile communications access and widened the availability of mobile phone signals. EAIF provided a US$7.5 million loan facility to the project, which had a total transaction value of US$75 million.

Other projects

The Emerging Africa Infrastructure Fund has to date invested in 58 projects in 17 countries.

Rolling mill recycles, cuts imports and makes flared gas productive

Country: Nigeria / Sector: Infrastructure Components and Equipment

African Foundries have developed a steel mill in Nigeria that recycles scrap metal, turning it into “rebars”. These are used to reinforce concrete, which is used for a multitude of purposes when developing infrastructure, including dams, tunnels, ports and harbours, roads, airports, railways and large buildings like power stations and water treatment facilities.

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Feeding Nigeria’s food chain

Country: Nigeria / Sector: Agribusiness

Nigeria’s expanding agriculture sector has created big demand for fertiliser. At Port Harcourt, the Indorama Corporation and Indorama Eleme Petrochemicals are building a US$1.2 billion plant to produce 1.4 million tonnes of fertiliser annually.

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Gigawatt Global - Benefitting Rwanda

Country: Rwanda / Sector: Power

Gigawatt Global’s solar farm, a joint venture with an orphanage, was financed, constructed and brought on stream in little more than a year.

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