News
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 »
EAIF PROVIDE US$30 MILLION TO AXIAN ENERGY
The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, has committed a US$ 30 million senior secured loan facility to AXIAN Energy, as part of the company’s expansion plan to deliver more than 460 Megawatt (MW) of utility-scale renewable energy generation capacity across Africa over the next decade. Established in 2001… Read more »
EAIF EXTENDS €46 MILLION TO ESTABLISH AFRICA’S FIRST FULLY ELECTRIC BUS SYSTEM IN SENEGAL, THE NEXT GENERATION OF URBAN MOBILITY IN AFRICA
The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, has committed €46 million ($50 million equivalent) to launch Africa’s first fully electric public bus network in Senegal’s capital, Dakar. The Dakar Bus Rapid Transit (BRT) establishes a new benchmark for sustainable public transport in Africa and showcases the future of decarbonised… Read more »
EMERGING AFRICA INFRASTRUCTURE FUND AND NINETY ONE COMMIT US$31 MILLION TO PARATUS GROUP IN BOOST TO CONTINENTAL CONNECTIVITY
Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, and its fund manager, Ninety One, have committed a US$31 million debt facility to Paratus Group Holdings Limited (Paratus) to finance the expansion of its fibre and data centre business over the next three years. Ninety One acted as the mandated lead arranger… Read more »
EAIF COMMITS UP TO XOF 30 BILLION TO LAUNCH WEST AFRICA’S FIRST SOCIAL ASSET-BACKED SECURITY, TARGETING 100% ELECTRIFICATION IN CÔTE D’IVOIRE
The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, has committed up to XOF 30 billion (equivalent to USD ~ 48 million) to launch West Africa’s first ever social asset-backed security.
Martijn Proos interviewed by CNBC Africa
Martijn Proos was interviewed by CNBC Africa discussing the financing energy projects and distribution infrastructure in context of a challenging macroeconomic environment. “We are still quite active. Renewable energy that we support is still by far the lowest cost energy solution for many countries in Africa. Despite high interest rates… we are structuring smart financial… Read more »
EAIF PROVIDES EUR 46 MILLION TO BRING STRATEGIC ROAD, A1 MOTORWAY, “AUTOROUTE DE L’AVENIR”, TO FINANCIAL CLOSE
London, 27 September 2023 – The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, has committed EUR 46 million for the extension and upgrade of the A1 motorway, the first toll motorway in Western Africa built under a public-private partnership (PPP) scheme. The project aims to boost economic productivity, progress the… Read more »
Pioneering Cuamba solar project begins supplying energy to the national grid of Northern Mozambique
Central Electrica de Tetereane’s (CET) 19 MWp solar plant in Cuamba, Mozambique, financed by the Private Infrastructure Development Group (PIDG) company, Emerging Africa Infrastructure Fund (EAIF) with a $19 million loan, is now operational. The facility, inaugurated in the presence of H.E. Filipe Nyusi, President of the Republic of Mozambique, supplies clean power to Niassa… Read more »
EAIF EXTENDS €35 MILLION TO BRING PIONEERING 46MW BIOMASS POWER PLANT IN CÔTE D’IVOIRE TO FINANCIAL CLOSE
The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, today announced that it had officially broke ground on the pioneering 46MW biomass power station in Ayebo, Côte D’Ivoire, bringing clean power and a more diverse energy mix to the region. EAIF has provided a €35m senior loan facility to develop a… Read more »
EAIF COMMITS EUR11.5 MILLION TO WEST AFRICA’S FIRST PROJECT-FINANCED SOLAR PV + BATTERY ENERGY STORAGE SYSTEM PROJECT IN SENEGAL
The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, has committed a EUR11.5m senior secured loan to develop the first project-financed solar PV plant and battery energy storage system (BESS) in West Africa, located in Bokhol in the north of Senegal. The Walo facility will be a 10MW/20MWh BESS supplied by… Read more »
EAIF PROVIDES $30 MILLION COMMITMENT TO EASTCASTLE INFRASTRUCTURE
Drives digital transformation and growth of DRC’s mobile network market
40 MW Kesses solar facility becomes operational in Kenya
Private Infrastructure Development Group (PIDG) company, the Emerging Africa Infrastructure Fund (EAIF), the Standard Bank Group acting through Standard Bank of South Africa Limited, Stanbic Bank Kenya and their project partner, Alten Kenya Solarfarms (Alten), today announced that the 40 MW Kesses solar photovoltaic plant in Kenya is now operational.
Climate must be factored into land acquisition for infrastructure development – Wendy Mlotshwa
Land requirements for infrastructure and trade-offs Land is a complex and emotive topic in Africa; to understand it, one needs to grasp its ecological, cultural, cosmological, social, and spiritual importance, over and above its more obvious economic importance.
EAIF commits $33 million to Raxio Group in vital boost to Africa’s nascent data markets
The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, has committed a $33 million sustainability-linked debt facility to Raxio Group, a leading pan-African data centre developer and operator. The funding enables the design, construction, operation, and management of a series of high-impact data centres in seven countries across sub-Saharan Africa. EAIF… Read more »
Opinion | Gender-smart infrastructure must be delivered at scale
In an op-ed for fDi Intelligence, Sinenhlanhla (Sine) Zulu, Investment Specialist at The Private Infrastructure Development Group company, Emerging Africa Infrastructure Fund, advocates for gender-smart approaches to infrastructure design and urban planning.
Kigali PPP Docuseries
Martijn Proos featured in a docuseries which reviewed EAIF and Metito’s Kigali Bulk Water Supply Project in Rwanda. Martijn attributed the project’s success to the accommodating legal and regulatory framework created by the Rwandan government, as well as to the US$6.25 million PIDG Technical Assistance provided in Viability Gap Funding, which was “an essential part… Read more »
African Business Magazine: Should private companies play a role in Africa’s water sector?
Tom Collins reported on the potential for private investment to close Africa’s water infrastructure supply gap. In the article, Martijn Proos said it was important that African governments create the right legal and regulatory frameworks to enable more water PPPs on the continent. He expressed his optimism that we will witness more private sector participation… Read more »
Uxolo: Singrobo-Ahouaty: A small hydro IPP ripple effect in sub-Saharan Africa?
Paromita Chatterjee featured in an article by Clara Amorim, a reporter at Uxolo, on the feasibility for scaling hydropower IPPs in sub-Saharan Africa. Paromita explained the success of the Singrobo-Ahouaty project in detail, including how they allayed hydrology, currency, political and payment risk. She also advocated small, run-of-river hydropower projects as a way to provide… Read more »
EAIF commits €25 million to 44MW hydropower plant in Côte d’Ivoire
Private Infrastructure Development Group (PIDG) company, the Emerging Africa Infrastructure Fund (EAIF), today announced a €25 million finance facility to Ivoire Hydro Energy (IHE), which will build a 44MW hydro electricity generation plant on the Bandama River near the village of Singrobo in Côte d’Ivoire. EAIF’s long-term financing package enables IHE to achieve financial close… Read more »
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.
PIDG grants US$500,000 to financial regulator to accelerate West African capital markets reforms and promote new sustainable financial instruments
Local bond issue experience by PIDG company Emerging Africa Infrastructure Fund results in capabilities boost for regulator.
Invitation to Tender – EAIF Communications Adviser
The Emerging Africa Infrastructure Fund (EAIF) is a public private partnership that is at the forefront of debt financing in the infrastructure project sector in Africa and a leading player in the drive for sustainable development impact in African infrastructure construction and operations. EAIF is a member of the Private Infrastructure Development Group. Established by… Read more »
Pioneering Djermaya Solar project attracts new lenders to Chad
Paris, France: InfraCo Africa, part of the Private Infrastructure Development Group (PIDG) is pleased to announce the participation of its sister PIDG company, the Emerging Africa Infrastructure Fund (EAIF) alongside the African Development Bank (AfDB), and Proparco as senior lenders to the 34MW Djermaya Solar project in Chad (also including a 4MWh battery system). AfDB… Read more »
Mozambique solar plant ground-breaking event marks 22nd renewable energy project for EAIF
On 14th June, Mozambique’s Minister of Mineral Resources and Energy, Dr Ernesto Max Tonela, was the official guest at a ground-breaking ceremony to mark the beginning of work on a new 15MW solar electricity plant in the Tetereane District of the city of Cuamba. Financial close is expected shortly, when the Private Infrastructure Development Group (PIDG)… Read more »
Proparco and Emerging Africa Infrastructure Fund partner to finance the first biomass plant with grid injection in Africa
During the visit to Côte d’Ivoire by Mr. Jean-Yves Le Drian, the French Minister for Europe and Foreign Affairs, Proparco and the Emerging Africa Infrastructure Fund (EAIF) have closed a 165M EUR project finance deal and 13M EUR grant to secure the financing of Biovea project in Ivory Coast, which will be the first biomass… Read more »
Housing a continent
In a special report on affordable housing in Africa, coordinated by AFFORD UK, New African magazine looked at the work of EAIF and other PIDG companies. You can read the article here; https://newafricanmagazine.com/25921/ To read the whole report visit Housing a Continent
PIDG company Emerging Africa Infrastructure Fund’s 2020 review shows loan book topped US$1 billion for the first time
The Private Infrastructure Development Group’s (PIDG) long-term infrastructure debt business, the Emerging Africa Infrastructure Fund (EAIF) saw its loan book break through the US$1 billion mark in 2020. EAIF signed eight new projects, bringing the loan book value to US$1.04 billion. The Fund committed $243 million in new loans to businesses in digital and telecommunications,… Read more »
Global Trade Review names EAIF-backed Zimborders project as a global Deal of the Year Award for “Optimism and Rehabilitation”
On 19th April, Global Trade Review (GTR) magazine announced that had named the Zimborders project that is revitalising the Beitbridge border post between Zimbabwe and South Africa as one of its eleven worldwide “Deals of the Year”. PIDG company, the Emerging Africa Infrastructure Fund has loaned Zimborders, the private sector company that won the competition… Read more »
EAIF issues advisor tender for project in Kenya
EAIF will be appointing an independent technical advisor to act as Lender Technical Advisor for the appraisal and due diligence of the Homa Bay Biogas One Project. The Project is the first of a series of biogas plants, with a total feed-in generation capacity of 35 MW, using water hyacinth from Lake Victoria and sugar… Read more »
Liquid Telecom: Bond market better for growing operations
On 22nd March, reporter Mudiwa Gavaza of Business Day newspaper wrote about the investment plans of Liquid Telecommunications, which recently had a successful bond issue supported by PIDG company, the Emerging Africa Infrastructure Fund. Read the full story.
Liquid Telecommunications bond offering is fourth recent digital and telecommunications financing by EAIF
The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, has committed to buy up to US$50,000,000 of a bond issue by Liquid Telecommunications, that is being launched on Monday 22rd February 2021. The bond (“The New Note Offering”) aims to raise US$600 million which will be used to refinance existing debt… Read more »
EAIF cited as model for institutional investors
“Institutional investors have become increasingly open to non-traditional, high yield investment opportunities as they grapple with low yield environments”, writes Lade Araba in a blog for the African Venture Capital Association (AVCA). Allianz Global Finance investment in EAIF cited as prime example. To read the full article visit the AVCA website at the link below. https://medium.com/afri-spective-by-avca/institutional-investors-are-all-rational-but-theyre-not-the-same-306011f8a43b
PIDG company Emerging Africa Infrastructure Fund fills funding gap in Zimbabwe border crossing project set to stimulate trade and business investment
EAIF lends US$44 million in senior and junior debt Comprehensive modernisation of the entire border post Typical waiting times set to fall from 39 hours to three hours Community to benefit from infrastructure transfer The Emerging Africa Infrastructure Fund (EAIF), part of the Private Infrastructure Development Group (PIDG) is lending US$43.7 million to a US$296… Read more »
EAIF lends US$ 31 million to Access LNG for its innovative Floating LNG regasification facility in Ghana
Development set to reduce heavy fuel oil use, improve gas supply security, cut energy generation costs and significantly cut Co2 and sulphur dioxide emissions PIDG company, the Emerging Africa Infrastructure Fund (EAIF) is lending US$31 million over 10 years to Access LNG B.V., a provider of specialist floating LNG infrastructure, to support the construction of… Read more »
EAIF supports local currency bond issue as Senegal’s national port of Dakar begins move to new enterprise zone location
Private Infrastructure Development Group (PIDG) company, the Emerging Africa Infrastructure Fund (EAIF) invested XOF* 8.3 billion (cUS$15 million) in a local currency capital market bond issue by Senegal’s Port Autonome de Dakar (PAD), the owner of the Port of Dakar. The bond raised over XOF60 billion (US$107million). The issue marks the start of the process… Read more »
Article: Development Lenders Plug Gap
The global pandemic is holding back Africa’s essential infrastructure development. Some creative private sector and multilateral solutions promise to ease the crisis.
Digital cross-borders economic development boost for Africa as EAIF backs expansion by West Indian Ocean Cable Company (WIOCC)
EAIF provides US$40 million of US$100 million debt package
Sonatel bond issue featured in African Business
Richard Ndem writes in African Business about the success of the recent Sonatel bond issue and the role of the Emerging Africa Infrastructure Fund. Click here to read the story.
Africa Global Funds webinar
Paromita Chatterjee, an Investment Director at EAIF’s managers, Ninety One, was one of a distinguished panel of experts taking part in an African Global Funds webinar on 22 July.
Why investors care that greener towers are safer towers
EAIF anchored Helios Towers’ recent bond issuance, playing a leading role in pushing ESG initiatives and greening the network.
EAIF anchors Sonatel’s XOF 100 billion bond issue to support investment in Senegal’s telecommunications infrastructure
Private Infrastructure Development Group (PIDG) company, the Emerging Africa Infrastructure Fund (EAIF/the Fund) is to invest up to XOF*29.5 billion (US$50 million equivalent) in a bond issue that aims to raise XOF100 billion (US$170 million) for investment in the Senegal business of Sonatel S.A, a West African telecommunications company. Sonatel’s bond, which was launched on… Read more »
EAIF anchors successful bond issue by African telecommunications business, Helios Towers
“The success of the HTA bond issue demonstrates the value of the EAIF/PIDG business model in African economic development,” says EAIF fund managers
PIDG 2019 Annual Review published – 8 projects for EAIF
In 2019, PIDG committed $479m to infrastructure projects in the energy, water, transport, housing and manufacturing sector, enabling access to life-changing infrastructure for 6.8m people, and creating 700 long-term jobs and 11,000 short-term jobs.
World Day for Safety and Health at Work
EAIF loans to infrastructure developers come with certain obligations, including meeting high standards of health and safety on construction sites and completed projects. Safety at work now includes measures to minimise danger to people from COVID-19. EAIF is part of PIDG. Today, 28th April, is World Day for Safety and Health at Work. PIDG has introduced 12 PIDG… Read more »
EAIF appointed joint mandated lead arranger for $US30 million debt finance package for Tembo Power’s “flagship” hydro power plant in Kenya
Private Infrastructure Development Group (PIDG) company, EAIF has been appointed joint mandated lead arranger (JMDA) of the US$30 million debt finance package being raised by Tembo Power to build the Kaptis hydro-electric power plant in Western Kenya. EAIF, through its manager, Ninety One, will work alongside Finnfund as JMDA. Finnfund, like EAIF, is an impact… Read more »
PIDG CEO talks to African Business Magazine about energy infrastructure in Africa
EAIF is part of the Private Infrastructure Development Group (PIDG). In its mission to support infrastructure development, PIDG is strongly committed to sustainability. But, as CEO Philippe Valahu tells Dr Desné Masie, not all countries have the option of going to 100% renewable energy tomorrow. You can read the full interview with Philippe Valahu here.
The Emerging Africa Infrastructure Fund and Covid-19
The Emerging Africa Infrastructure Fund is closely monitoring developments across its project portfolio. It is a very fast moving situation in Africa as elsewhere. Infrastructure, particularly in the energy, water, telecommunications and food supply sectors is essential to the management of the coronavirus crisis. We are in touch with borrowers and other project stakeholders to… Read more »
EAIF’s Martijn Proos writes for world leading hydro power magazine
The March 2020 edition of International Hydro Power and Dam Construction carries a two page story by the EAIF’s Martijn Proos. He looks at hydro electricity projects EAIF has backed and calls for greater innovation by all parties in the sector to help meet the challenges of climate change. Click here to read the full… Read more »
EAIF signs Master Cooperation Agreement with the International Finance Corporation
Private Infrastructure Development Group (PIDG) company, the Emerging Africa Infrastructure Fund (EAIF) has signed a Master Cooperation Agreement (MCA) with the International Finance Corporation (IFC). Signed on 18th March 2020, the MCA will come into operation when the IFC is the mandated lead arranger of the debt package for an infrastructure project involving the two… Read more »
Number of women in the workforce at EAIF-backed Rwanda project higher than comparable UK and Australia figures
Writing last year in the UK construction industry magazine, “Building”, Simon Rawlinson, a member of the UK Construction Leadership Council, reported that the female share of the construction industry workforce in UK has been stuck at around 14% for over 20 years. Most of that 14% are office based, with just 2% working on site.… Read more »
EAIF’s €36 million loan to the new Atinkou power station in Côte d’Ivoire is boost for growing economy
The financing of a new 390MW natural gas-fired power plant for Côte d’Ivoire was announced this week. EAIF has contributed €36 million to a €303 million financing packaging, which was arranged by the International Finance Corporation (IFC), to build the new Atinkou facility. Total project cost is €404 million. Atinkou is forecast to encourage new… Read more »
EAIF closed 2019 with eight transactions strengthening economic development in 7 African countries
The Emerging Africa Infrastructure Fund (EAIF) saw its loan portfolio grow by 16% in 2019. It expects its portfolio value to reach and exceed the US$1 billion barrier during 2020. In 2019 it made US$242 million of new loan commitments in projects in Gabon, Ghana, Guinea, Côte d’Ivoire, Kenya, Mozambique and Uganda. Eight projects were signed.… Read more »
EAIF lends €28 million to Azito Energie’s power plant expansion in Côte D’Ivoire as project reaches financial close
The Emerging Africa Infrastructure Fund (EAIF), a member of the Private Infrastructure Development Group (PIDG), is lending €28 million to a €330 million expansion of the Azito Energie gas-fired power station in Côte D’Ivoire. Known as Azito 4, the additional 253MW capacity being installed at the plant will bring its output up to 710MW, representing… Read more »
UK-Africa Investment Summit 2020
PIDG and PIDG companies were promoted as successful long-term champions of blended finance at the UK-Africa Investment Summit 2020, held in London on 20th and 21st January. Click on the link below to see a film of the work of the Emerging Africa Infrastructure Fund and other PIDG businesses. https://www.linkedin.com/company/private-infrastructure-development-group/
PFI magazine’s Global Yearbook 2020 names EAIF-backed project in Guinea, Multilateral Deal of the Year
The prestigious Thomson Reuters publication, Project Finance International (PFI) has published its Yearbook for 2020. It names Guinea Alumina Corporation’s (GAC) US$750 million development of port, rail and mining infrastructure as Multilateral Deal of the Year.
EAIF lends US$30 million to Kenmare Resources plc
Project supports Mozambique economic development, securing nearly 1,400 jobs EAIF lending US$30 million of US$145 million transaction Local economy to benefit from new road, causeway and energy infrastructure 7000 tonne earth-moving machine to be moved 20km on self-propelled transporter The Emerging Africa Infrastructure Fund (EAIF) is lending US$30 million to Kenmare Resources plc as part… Read more »
An in-depth look at blended finance at work
Alternative Energy looks in-depth at the Private Infrastructure Development Group and its companies. Three recent EAIF projects feature to illustrate blended finance at work. Click here to read the full article starting on page 28.
EAIF Executive Director visits Ghana with United Kingdom development finance delegation
The Emerging Africa Infrastructure Fund’s Executive Director, Emilio Cattaneo, was a member of a high-level British delegation that visited Ghana at the beginning of October. Parliamentary Under Secretary of State at the Department for International Development (DFID), Baroness Sugg, and Conservative Member of Parliament, Adam Afriyie were accompanied by senior officials from DFID. A senior… Read more »
Nairobi student accommodation note is first affordable housing transaction for the EAIF
PIDG company, the Emerging Africa Infrastructure Fund (EAIF/the Fund) announced on 4th October that it has completed its first project in affordable housing in Africa. It is also its first transaction denominated in local currency, the Kenyan Shilling (KES). EAIF anchor investor in note issue First ever green bond issue in Kenya 5000 students to… Read more »
Clean, renewable energy for Rwanda
Watch the video story of the construction of a solar electricity plant
EAIF announces milestones for clean energy projects for Mozambique, Uganda and Tanzania
Two Emerging Africa Infrastructure Fund (EAIF) renewable energy projects that will produce a total of 54MW of clean power have celebrated important milestones. Mozambique’s president declares Mocuba solar plant open Financial close reached for new Uganda-Tanzania Kikagati hydro power project On 10th August, Mozambique’s President, His Excellency Filipe Jacinto Nyusi, declared open the 40MW Central… Read more »
EAIF lends €28 million to Azito Energie’s power plant expansion in Cote D’Ivoire
PIDG company Emerging Africa Infrastructure Fund lends €28 million to Azito Energie’s power plant expansion in Cote D’Ivoire.
EAIF invests US$40 million in Guinea
The Emerging Africa Infrastructure Fund (EAIF), part of the Private Infrastructure Development Group (PIDG), is supporting investment in a large-scale project that will see expanded rail and port facilities in Guinea, driving economic growth in one of Africa’s poorest countries.
2018 PIDG Annual Review
EAIF is a member of the Private Infrastructure Development Group (PIDG). PIDG published its 2018 Annual Review on 28th May. It reflects on the successful delivery of innovative solutions across our key sectors and markets.
EAIF at R20 Austrian World Summit
R20, the international not-for-profit organisation championing renewable energy and other green infrastructure projects, is holding its 2019 World Summit in Vienna, Austria on 28th and 29th May. The event is organised by the University of Zurich (USC Arnold Schwarzenegger Institute), in partnership with The Climate Infrastructure Partnership.
Changes needed if Africa is to grow its energy infrastructure stock
African Financial Services Industry Conference (AFSIC) hears EAIF’s Emilio Cattaneo say changes needed if Africa is to grow its energy infrastructure stock.
EAIF’s Executive Director contributes to global infrastructure policy development
Emilio Cattaneo, The Emerging Africa Infrastructure Fund’s Executive Director, participated in a day-long professional management day organised by the Global Infrastructure Hub on 15th April.
Triple success as EAIF takes glittering prizes at IJGlobal’s annual awards
IJGlobal, the specialist global infrastructure market intelligence organisation, has awarded projects supported by PIDG company, the Emerging Africa Infrastructure Fund (EAIF), three prizes at its 2019 awards event.
World Water Day sees construction on track at multi-award-winning Rwandan bulk water public private partnership
The Water and Sanitation Corporation of Rwanda (WASAC) is the body primarily responsible for delivering the Rwandan government’s aim of 100% water availability. Fundamental to that ambition is the Kigali Bulk Water Supply Project (KBW), one of the first public/private partnership water supply and treatment projects to be undertaken in sub-Saharan Africa.
PIDG company The Emerging Africa Infrastructure Fund awarded IJGlobal’s African Fundraising Deal of the Year
IJGlobal, the specialist global infrastructure market intelligence organisation, has awarded PIDG company The Emerging Africa Infrastructure Fund (EAIF) its 2019 prize for African Fundraising Deal of the Year.
Energy without borders
PIDG company, The Emerging Africa Infrastructure Fund lends US$27 million to hydro power project on the border of Uganda and Tanzania
Two EAIF supported projects win awards from PFI Thomson Reuters
Two EAIF supported projects win awards from PFI Thomson Reuters, one of the world’s leading infrastructure finance and market intelligence publications
PIDG launches five-year strategic plan
Today, the Private Infrastructure Development Group (PIDG) launched its Five-Year Strategic Plan.
EAIF Executive Director leads session at PF4SDG
EAIF Executive Director leads session at PF4SDG on attracting commercial finance to large-scale water projects.
Financial close achieved for Cameroon’s Nachtigal hydro power plant
LONDON – Financial close of the €1.26 billion Nachtigal hydro power plant to be built in Cameroon was achieved on 24th December 2018. The total debt package of the project is €916 million.
PIDG announces new funding of $100m
EAIF is part of The Private Infrastructure Development Group Ltd (PIDG). PIDG is pleased to announce that the Ministry of Foreign Affairs of the Netherlands (DGIS) has committed further funding of $100m for the four-year period, 2018 to 2022.
Cameroon gets 420MW clean, green renewable energy boost
Cameroon gets 420MW clean, green renewable energy boost as PIDG company Emerging Africa Infrastructure Fund lends €50 million to €1.26 billion Nachtigal hydro power plant.
Albatros project goes live
In late October 2018, the Albatros Energy Mali thermal power station opened for business. It adds 25% to Mali’s base load electricity availability.
25% electricity boost for Mali as €122 million power station opens
Project supported by PIDG companies’ collaborative blended finance approach. The value of innovative blended financing for major infrastructure projects in Africa was demonstrated today with the opening of the 90MW Albatros Energy Mali (AEM) power station in Hawa-Dembaya district, Mali. The plant is expected to increase Mali’s effective base load electricity capacity by 25%, providing… Read more »
EAIF’s Emilio Cattaneo speaks at Africa Energy Forum on innovative finance tools for infrastructure development
Emilio Cattaneo (second right) speaking at the Africa Energy Forum in Mauritius in June. The annual Africa Energy Forum (AEF), now in its 20th year, attracts industry leaders active in developing energy infrastructure in Africa. This year’s AEF was held in mid-June in Mauritius and drew over 2,000 senior executives from governments, developers, equipment suppliers,… Read more »
PIDG – Evolving to deliver greater development impact
The Emerging Africa Infrastructure Fund’s parent company, The Private Infrastructure Development Group (PIDG), is changing. A new governance structure will formalise and embed collaborative working between EAIF and all of PIDG’s companies. Our combined offer allows us to invest at different stages of the development cycle, bringing more projects from concept to reality in the… Read more »
EAIF is in the news
View a selection of recent international coverage of our support for Akuo Energy’s 50MW solar farm at Kita in Mali.
A year of firsts for EAIF
Strong performance, new countries and new sectors make 2017 year of success for the Emerging Africa Infrastructure Fund
Prestigious Thomson Reuters award for Madagascar airport infrastructure project backed by EAIF
Project Finance International, the prestigious Thomson Reuters global infrastructure magazine, has awarded its Middle East and Africa region 2017 Transport Deal of the Year Award to Ravinala Airports. In 2017, The Emerging Africa Infrastructure Fund (EAIF) loaned the company €25 million, over a 16-year term, in support of a €215 million project to upgrade and… Read more »
EAIF backs power station refinancing in Mozambique
One of Mozambique’s newest and strategically most important power stations has been refinanced with the support of the Emerging Africa Infrastructure Fund (EAIF).
Clean, safe, reliable water for up to 500,000 Rwandans
Clean, safe, reliable water for up to 500,000 Rwandans as Emerging Africa Infrastructure Fund backs private sector water supply project in capital city.
Lender to Tororo solar north farm says Uganda’s renewable energy policies “African power success story.”
The Chairman of the Emerging Africa Infrastructure Fund (EAIF), which is part of the Private Infrastructure Development Group, has praised Uganda’s commitment to developing renewable energy. In a syndicate led by the Dutch development finance bank, FMO, EAIF and FMO loaned US$14.7 million to Building Energy, the developers and operators of the US$19.6 million Tororo… Read more »
Emerging Africa Infrastructure Fund and FMO provide US$29.3 million to refinance the Bugoye hydro-electric power station in Uganda
The Emerging Africa Infrastructure Fund (EAIF) and FMO, the Dutch development bank, are jointly lending US$29.3 million of Senior Debt with a 12-year term to refinance the 13MW Bugoye hydro-electric power plant in Western Uganda. The plant, which has 98% availability, has been producing electricity since 2008.
EAIF backs upgrades and expansion at two Madagascar airports.
First airport infrastructure project for EAIF “A step change for Madagascar’s economic development drive”, says EAIF chairman
Life-changing infrastructure helps 31m people in Africa and Asia
The Private Infrastructure Development Group opened up access to life-changing infrastructure designed to boost economies and combat poverty for 31 million people, last year.