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2016

Uganda’s energy minister attends formal opening of his country’s largest solar farm

The Hon. D’Ujanga Simon, Uganda’s Minister of State for Energy, today (12th December) took part in a ceremony to mark the opening of his country’s largest solar farm, at Soroti in Eastern Uganda. The Emerging Africa Infrastructure Fund (EAIF) is one of the principal lenders to Access Soroti Ltd, the private sector company that built and is operating the plant. Electricity production began at the 10MW facility in late November.

EAIF invests US$25 million in new power station development at Freetown, Sierra Leone

• Project is country’s first independent power producer

• Increasing electricity capacity in Freetown by approx 130%

EAIF chair congratulates Investec Asset Management on prestigious awards wins  

David White, chairman of the Emerging Africa Infrastructure Fund, has congratulated the Emerging Africa Infrastructure Fund’s manager, Investec Asset Management, on winning awards from two prestigious specialist finance publications.

Telco towers deal “boost to enterprise and business growth in Democratic Republic of Congo” says EAIF chair

The Emerging Africa Infrastructure Fund (EAIF or the Fund) has announced that it has loaned US$20 million to Helios Towers Africa (HTA) to partly finance the purchase of c 950 telecommunications towers in the Democratic Republic of Congo (DRC). EAIF is participating in a syndicated loan providing HTA with a total of US$105 million.

EAIF renewable energy successes feature in America’s top FDI publication

In mid-July 2016, Site Selection International focussed a special issue looking at African energy infrastructure developments on recent renewable energy projects supported by EAIF. Site Selection International is a prestigious American publication favoured by large American and Asian corporations and mobile investors.

EAIF welcomes prestigious award for financing of Nigeria’s Azura-Edo power plant

One of the world’s leading project finance magazines, EMEAFinance, has awarded its 2015 African public/private partnership prize to the financing of the Azura-Edo power plant in Nigeria. The Emerging Africa Infrastructure Fund (EAIF) provided US$30 million in senior and subordinated loans to the project and played a key role in structuring the financing, which was led by FMO, the Dutch development bank. FMO was presented with the award at a ceremony in London on 9th June.

Rwanda celebrates success of Lake Kivu methane to electricity project  

PIDG member, Emerging Africa Infrastructure Fund arranged project finance and loaned US$25 million. “Project benefits everyone,” says EAIF Chair

President Paul Kagame of Rwanda yesterday (16 May) joined local people and dignitaries from across the world at a ceremony at Kibuye on Lake Kivu to inaugurate the KivuWatt project, the world’s only facility for extracting naturally occurring methane gas which is then used to generate electricity.

The Emerging Africa Infrastructure Fund appoints Investec Asset Management as fund manager

Following a competitive tender process that brought interest from over 30 companies, from across Europe, Africa and North America, the Emerging Africa Infrastructure Fund Limited (EAIF or the Fund) has appointed Investec Asset Management (IAM) as its fund manager. IAM took over the management of the approximately US$ 670 million Fund on 9th May 2016.

EAIF participates in Lubilia Kawembe Hydro financing in Uganda

The Emerging Africa Infrastructure Fund (EAIF) has participated in the financing of a project to develop and construct a 5.4MW run-of-the-river hydropower project in Uganda.

EAIF stimulates UK parliament event on sustainable energy for Africa

The Emerging Africa Infrastructure Fund (EAIF or the Fund) has 15 new sustainable energy projects in its new business pipeline, said non-executive director, Julia Prescot at a meeting at the UK’s House of Commons on 22nd March. The projects are in nine Sub-Saharan African countries. If they all reach financial close, they will provide a total of 665 MW of electricity.

EAIF is a member of the Private Infrastructure Development Group. The Fund is a public/private partnership supported by the governments of the UK, The Netherlands, Sweden and Switzerland, private sector banks and development finance organisations.