The Emerging Africa & Asia Infrastructure Fund (EAAIF) was established as the first company within the Private Infrastructure Development Group (PIDG). Managed by Ninety One, we provide long-term commercial debt to deliver inclusive and impactful infrastructure projects in Africa and Asia.
Our Impact
Biovea Biomass Plant
$42m of debt to support the construction and operation of a 46 MW biomass plant in Côte D’Ivoire (LMIC and FCAS). This will improve income generation for 12k outgrowers, while increasing access to reliable electricity to 743k consumers and avoiding 120k tCO 2e per year.
Kinguele Hydro
$23m of debt to build and operate a 35 MW hydro power plant in Gabon. This will increase access to reliable electricity to 97k consumers, and increase productivity for firms to create indirect jobs and avoid 186k tCO 2e per year.
Programme Electricité Pour Tous (PEPT) Social Bond
$30m provided to anchor a receivables securitisation local currency bond of XOF 60 billion (c.$100m) to fund the continuation and acceleration of the national Electricity for All Programme Electricité Pour Tous (PEPT) electrification programme in Côte d’Ivoire (LMIC and FCAS). The programme will add 400k new connections in the next two years which is expected to provide first time electricity access to 2m low income rural households.
Sector Focus
Applying for project support
If you are looking for debt finance for an infrastructure project in sub-Saharan Africa please talk to us.
EAAIF mainly supports private sector infrastructure projects to create new or expand existing facilities. We welcome enquiries from companies in Africa and worldwide that want to grow their businesses in sub-Saharan Africa and share our commitment to the continent and its peoples. Enquiries are also welcome from financial advisers and specialist consultants.
Latest news
Infrastructure Fund Targets Overlooked Asia in $300 Million Push
An infrastructure fund backed by European governments aims to invest at least $300 million in climate-focused projects in developing nations in Asia that typically struggle to access funding. The Emerging Africa & Asia Infrastructure Fund plans to back small and medium-sized enterprises in locations including Sri Lanka, Cambodia, Laos and Bangladesh, said Esther Chan, Cape… Read more »
EAAIF contributes US$45 Million to CrossBoundary Energy Holdings to power commercial and industrial (C&I) renewable energy projects across Africa
Supports CrossBoundary Energy to develop a target portfolio of US$500 million by 2027, meeting growing demand for solar, wind, and battery storage and hybrid energy solutions. EAAIF’s commitment enables CrossBoundary Energy to accelerate new commercial and industrial (C&I) renewable energy projects across the continent with breakthrough technologies. The Fund’s first C&I investment in Africa forms… Read more »
EAAIF invests USD 20 million in CME Solar (“CMES”) to power Vietnam’s manufacturing sector with clean energy sources
The investment marks EAAIF’s second transaction in Asia The Fund catalyses the roll out of rooftop solar projects for commercial and industrial clients in Vietnam The transaction decarbonises Vietnam’s manufacturing sector and reduces reliance on coal-fired thermal energy Hanoi, 6 January 2025: The Emerging Africa & Asia Infrastructure Fund (EAAIF), a Private Infrastructure Development Group… Read more »
Our funders
The Emerging Africa & Asia Infrastructure Fund (EAAIF) was established as the first company within the Private Infrastructure Development Group (PIDG). Managed by Ninety One, we provide long-term commercial debt to deliver inclusive and impactful infrastructure projects in Africa and parts of Asia.
Biomass financing by EAIF to deliver 46MW renewable energy plant in Cote D’Ivoire
“EAIF rapidly moving towards green energy loan portfolio of 1000MW” The Emerging Africa Infrastructure Fund – a Private Infrastructure Development Group (PIDG) company – announced on 10th June that it is lending €30 million to support the construction of a new €232 million, 46MW, biomass power station in Cote D’Ivoire. Located at Ayebo, 100km east… Read more »