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Infrastructure needs to be manufactured locally


Democratic Republic of Congo


Infrastructure Components and Equipment

Senior Debt Provided

US$30 million

It is at least 40 years since the Democratic Republic of Congo (DRC) had a new large cement plant. It is a sign of confidence in the economy that a private sector foreign direct investor decided to build a new facility.

Emerging Africa Infrastructure Fund played a central role in bringing together a finance group and subsequently filled a funding gap. A 50/50 joint venture by Lucky Cement and the RAWJI Group, the US$225 million funding package will see the construction of a plant producing 1.8 million tonnes a year. With a dependable local source of supply, the construction and development sectors can plan with greater confidence. Components for infrastructure that need cement can now be manufactured locally. 600 people will construct the plant and 300 employed full time when complete. It is estimated that the plant will provide the DRC’s public finances with income tax receipts of some US$24 million a year.

Other projects

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

Addax Bioenergy – powering up Sierra Leone

Country: Sierra Leone / Sector: Agribusiness Power

The Addax Bioenergy operation consists of a sugarcane estate, an ethanol refinery and a biomass power plant. At full capacity, the sugar cane harvested from the 10,000 hectare estate will be processed to produce 85,000m3 of bioethanol annually, for export and domestic markets. During operations, the residual fibres from sugarcane processing, called bagasse, is used to fuel a 32MW electricity plant, which will supply up to 15MW of power to the national grid, helping to stabilise the country’s electricity supply.

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Accessing more affordable, more reliable electricity for tens of millions of people.

Country: Nigeria / Sector: Power

Raising long-term loan finance can still be difficult in many parts of sub-Saharan Africa, as was the case with the 2014 financing of a 450MW gas fired independent power plant in Nigeria. In addition to providing senior and subordinated loans totalling US$30 million, EAIF played a key role in negotiating the loan structure, which significantly contributed towards the project going forward.

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Bigger, better and more competitive port facilities for Senegal

Country: Senegal / Sector: Transport

DP World operates 65 ports on 6 continents. Its facility at Dakar is one of the first large public/private partnerships in Senegal. In 2010, EAIF supported DP World’s Dakar total investment of EURO 216 million with a loan EURO 12.5 million.

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