EAAIF Investment Policies and Procedures
At the Emerging Africa Infrastructure Fund we have a flexible investment approval process. We think like business people because we are business people. We know that infrastructure projects can be time-consuming and expensive.
We want to make the best use of your time and our time. The more you can tell us at the early stages of our relationship about your project and your business the faster we’ll be able to reach a decision. We aim to operate efficiently, effectively and with professionalism and integrity at all times. We also aim to be rigorous in our project evaluations and due diligence.
Our process starts with outlining your project to EAAIF’s fund manager, Ninety One. It carries out an initial evaluation and decides if a project can move forward to be submitted to EAAIF’s New Business Committee.
Approval by the New Business Committee is followed by Ninety One carrying out due diligence, negotiating loan type, size, length and other terms and creating a submission to put to EAAIF’s Credit Committee and its full board. There is no set schedule for meetings of the Credit Committee. It and the board regularly meet at short notice to make investment decisions. While operating to world class standards of corporate responsibility and financial accountability, the EAAIF board is in tune with the needs of business to move quickly and the need for African countries to accelerate the drive for widespread sustainable economic progress.
Once projects are approved the process moves to the creation of documentation, leading to legal agreement and transaction closure.
EAAIF welcomes opportunities to publicise projects, from the earliest stages of construction to final operations.
Evaluation Process
- Initial project evaluation by EAAIF’s fund manager (Ninety One)
- EAAIF’s New Business Committee evaluates project and approval provided
- Ninety One carries out due diligence and negotiates terms of loan agreement for submission to EAAIF’s Credit Committee
- Credit Committee and Board provide final approval leading to legal agreements and transaction closure