2024
EAAIF provides USD 40 million of Project Development Facility to Hassan Allam Utilities to develop 2.3 GW of renewable energy projects in Egypt
The investment supports the development of one of the largest wind projects in Africa. The transaction underlines the Fund’s commitment to back regional champions that deliver key projects and drive impact in strategic infrastructure sectors. The announcement marks the Fund’s first investment in Egypt, supporting the country’s goal for renewable energy to achieve 42% of… Read more »
EAAIF backs CEC Renewables’ USD 96.7 million green bond to increase Zambia’s solar capacity and tackle the country’s energy crisis
136 MW solar plant will provide clean energy to communities and businesses in Zambia, helping to overcome the country’s energy crisis The transaction demonstrates EAAIF’s commitment to support capital market development in Africa, providing fundraising solutions for dynamic companies Lusaka, 13 December 2024: The Emerging Africa & Asia Infrastructure Fund (EAAIF), a Private Infrastructure Development… Read more »
EAAIF reaches financial close for 20 MW solar project in north-western Uganda
The investment will bring power to hundreds of thousands of people in Uganda’s remote and underserved north-western region This project doubles the capacity of solar projects supported by EAAIF in Uganda London, 12 December 2024: The Emerging Africa & Asia Infrastructure Fund (EAAIF), a Private Infrastructure Development Group (PIDG) company, managed by Ninety One, has… Read more »
EAAIF invests in USD 141.9 million sustainable aviation fuel facility in Pakistan, marking Fund’s first Asia investment
EAAIF’s USD 20 million debt investment will contribute to the global uptake of sustainable aviation fuel (SAF) to reduce CO2 emissions in the industry. The transaction marks EAAIF’s first investment in the region as the Fund expands into Asia and identifies high-impact projects to drive climate action. Islamabad, 9th December 2024: The Emerging Africa &… Read more »
EAAIF acts as co-anchor investor alongside IFC and Proparco in oversubscribed $1.2 billion IHS Holding Limited bond, to drive digital connectivity in Africa
The commitment reinforces EAAIF’s leading position as a pioneer of debt capital solutions for telecom infrastructure in Africa EAAIF has allocated $283 million to telecommunications companies via bond issuances since 2016, mobilising $5.6 billion in total London, 2 December 2024: The Emerging Africa & Asia Infrastructure Fund (EAAIF), a Private Infrastructure Development Group (PIDG) company,… Read more »
EAAIF, FMO and DEG provide EUR 84 million to AXIAN Energy to finance a 60MW solar energy and 72MWh energy storage system in Senegal
The project will provide clean, reliable energy for 235,000 people in Senegal. Largest photovoltaic with added battery energy storage systems (BESS) project in West Africa, accelerating the uptake of critical battery technology in the region. The investment supports Senegal’s drive to reach 40% of renewable energy capacity by 2030. London – 13 November 2024 –… Read more »
EAAIF acts as sole impact investor, anchors Africell’s debut issuance of USD300 million international public bond
The USD300 million public bond issuance was oversubscribed with orders over USD550 million. The financing will support the roll-out of digital infrastructure across four countries, enhancing connectivity for Africell’s current 14 million customers and boosting future growth. The investment demonstrates EAAIF’s pledge to accelerate the development of capital markets across Africa and South and Southeast… Read more »
EAIF expands mandate to invest in South & South East Asia, officially becomes the Emerging Africa and Asia Infrastructure Fund (EAAIF)
New name reflects the Fund’s ambition to invest over $1 billion in emerging Asian and African economies over the next 4 years EAAIF has committed over $2.5 billion and mobilised more than $16 billion in private sector investment commitments to African infrastructure over the past 21 years EAAIF to drive sustainable infrastructure development and climate… Read more »
MOODY’S AFFIRMS EMERGING AFRICA & ASIA INFRASTRUCTURE FUND’S A2 CREDIT RATING
London—25 September 2024: The Emerging Africa & Asia Infrastructure Fund (EAAIF), a Private Infrastructure Development Group (PIDG) company, today announced that Moody’s has reaffirmed its long-term foreign-currency issuer rating at A2, with a stable outlook. EAAIF is one of Africa’s most experienced lenders and one of the first blended finance debt funds meeting the needs… Read more »
The EAIF & IFC-backed FCTC Sonatel Asset Backed Security lists on West African regional stock exchange, boosting digital transformation
● The listing helps finance Sonatel’s expansion of digital services in the West African region ● The landmark transaction transforms the digital economy through the creation of online businesses and strengthens local capital markets ● EAIF committed XOF 23.5 billion (c. $39 million) and IFC committed XOF 25 billion (c. $41 million) to the ABS… Read more »
EAIF COMMITS ADDITIONAL US$30 MILLION TO SUPPORT INDORAMA’S EXPANSION WITH THIRD UREA PLANT IN NIGERIA
London, 28 March 2024 — The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, has committed a US$30 million senior debt facility to Indorama, a leading producer and exporter of fertiliser. The investment enables the construction of a new plant, port terminal, handling stations, and storage facilities in Nigeria, providing a… Read more »
EAIF COMMITS XOF 23.5 BILLION TO SONATEL’S RECEIVABLES-BACKED AAA-LOCAL-RATED BOND
London – 23 January 2024 The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, today announced a commitment of XOF 23.5 billion to a XOF 75 billion receivables-backed bond issued by securitisation vehicle Fonds Commun de Titrisation de Créance (FCTC), to support Sonatel’s expansion, modernisation and digital transformation plan in Senegal,… Read more »
EAIF completes $294m debt raise in one of the largest blended finance debt packages for African infrastructure
Private Infrastructure Development Group (PIDG) company, the Emerging Africa Infrastructure Fund (EAIF), has successfully raised $294 million of additional debt facilities, achieving over half of the Fund’s target to raise $500 million by 2025. The finance facilities demonstrate the Fund’s ability to mobilise private sector debt in one of the largest capital raises in recent… Read more »
EAIF ACTS AS CORNERSTONE INVESTOR TO ANCHOR ZAMBIA’S FIRST GREEN BOND
The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group Company (PIDG), has committed to de facto underwrite US$50m of Zambia’s first US$53.5m green bond, to finance key solar infrastructure and support diversification of the country’s energy sector. EAIF acted as the cornerstone investor of the bond issued by CEC Renewables (CECR), an affiliate… Read more »