2022
African Business Magazine: Why isn’t Africa building enough bridges?
Ben Payton, a journalist at African Business Magazine, wrote an article examining why investment in crucial infrastructure such as bridges has been lacking in Africa. In the article, Paromita Chatterjee emphasised the role that bridges have in facilitating intra-African trade, and accordingly the need to crowd more private investment into the sector, as well as… Read more »
Moody’s rating will attract fresh investment to Africa, says Martijn Proos
Kanika Saigal, the business editor at The Africa Report, wrote a piece on the new investment opportunities that EAIF’s A2 credit rating will bring. Also featured was EAIF’s stance on oil and gas projects in Africa – the latter which Martijn Proos said they only invest in “after a lot of cost-benefit analysis” – and… Read more »
EAIF plans to raise $500 million
Anthony Osae-Brown, Nigeria Bureau Chief, Bloomberg, reported on EAIF’s plan to raise up to $500mn over the next 3 years to invest in infrastructure projects across the African continent. “The fund is banking on increased interest in Africa from investors looking for bigger returns than they can get in Europe and the US,” Osae-Brown wrote, noting… Read more »
Martijn Proos interviewed by CNBC Africa
Martijn Proos was interviewed on CNBC Africa about the A2 credit rating EAIF received from Moody’s. “EAIF and PIDG would like to be the gateway to the African infrastructure asset class for institutional investors […]. The rating that we obtained by Moody’s will help them to understand our business and the credit profile,” he said.… Read more »
EAIF secures A2 credit rating from Moody’s
Private Infrastructure Development Group (PIDG) company, the Emerging Africa Infrastructure Fund (EAIF or The Fund), today announced that Moody’s has assigned EAIF a foreign currency long-term issuer rating of A2 with a stable outlook. EAIF mobilises public and private debt capital to deliver transformative infrastructure in sub-Saharan Africa. Since its establishment in 2001, up to… Read more »
EAIF supports its 10th Uganda renewable energy project with US$10.6 million loan
The Private Infrastructure Development Group’s (PIDG) Emerging Africa Infrastructure Fund (EAIF) is providing a US$10.6 million loan over 17.0 years to Serengeti Energy, the developer of the Nyamwamba ll 7.8MW run-of-the-river hydroelectricity plant in the Kasese District of Western Uganda. A 20-year Power Purchase Agreement will see all the energy produced by the plant sent to… Read more »
PIDG’s Emerging Africa Infrastructure Fund anchors US$420 million bond issue by telco founded and grown in Africa
Private Infrastructure Development Group (PIDG) company, the Emerging Africa Infrastructure Fund (EAIF) was an anchor investor in a successful bond issue by African telecommunications and digital company Axian Telecom that raised US$420 million. EAIF has invested US$20 million in the bond, scaled back from an original commitment of up to US$40 million, following strong private… Read more »
EAIF backs 40MW Kesses solar project in Kenya with US$35 million loan
EAIF has now supported green electricity generation in nine countries.