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Projects

The Emerging Africa Infrastructure Fund plays an important role in sub-Saharan Africa’s economic development.

Here you will find the stories of many of the projects we have supported in recent years.

2017

June 2017

Mocuba Solar Power

Construction and operation of a ground mounted single axis tracking PV plant with a capacity of 40.5MWp

Mozambique
Mozambique
Energy Generation, Transmission & Supply
Energy Generation, Transmission & Supply
Overall: US$ 54.7m
EAIF: US$ 16.9m
May 2017

Ravinala

Financing, expansion, upgrade, operation and maintenance of Madagascar’s two largest airports.

Madagascar
Madagascar
Transport
Transport
Overall: €130m
EAIF: €25m
May 2017

Tobene II

Adding a further 19 MW engine to the existing 96MW Tobene I Plant in Senegal

Senegal
Senegal
Energy Generation, Transmission & Supply
Energy Generation, Transmission & Supply
Overall: €24.4m
EAIF: €6.6m
March 2017

Albatros Energy

Construction and operation of a 90 MW HFO Thermal Power Plant near the city of Kayes in the Western region of Mali

Mali
Mali
Energy Generation, Transmission & Supply
Energy Generation, Transmission & Supply
Overall: €123m
EAIF: €9.8m
February 2017

Eleme Fertilizer & Chemicals

Upsizing of existing exposure to the transaction, due to the inability of a local lender to meet its dollar obligations to the project

Nigeria
Nigeria
Agribusiness
Agribusiness
Overall: US$ 1.2b
EAIF: US$ 18.8m
February 2017

Helios Towers Africa

Bond issue for the refinancing of existing debt and construction of additional telecom towers

Pan-Africa
Pan-Africa
Telecoms & Digital
Telecoms & Digital
Overall: US$ 600m
EAIF: US$ 40m

2016

December 2016

AREF – Achwa HPP2

Construction of the 42MW ARPE Hydro Power Plant II, in Gulu, Uganda.

Uganda
Uganda
Energy Generation, Transmission & Supply
Energy Generation, Transmission & Supply
Overall: US$ 110.4m
EAIF: US$ 15m
October 2016

IHS Nigeria

EAIF was anchor investor to a US$800m maiden bond for IHS, to expand its telecom towers business in Nigeria.

Nigeria
Nigeria
Telecoms & Digital
Telecoms & Digital
Overall: US$ 800m
EAIF: US$ 50m – Corporate bond
October 2016

CEC Africa

Construction and operation of a 57MW Heavy Fuel Oil (“HFO”) power plant and associated fuel pipeline

Sierra Leone
Sierra Leone
Energy Generation, Transmission & Supply
Energy Generation, Transmission & Supply
Overall: US$ 139m
EAIF: US$ 25m
September 2016

DI Frontiers – Siti 2

Construction and operation of a 16MW run of the river Hydro Power Plant (“HPP”)  in the Mount Elgon region of eastern Uganda

Uganda
Uganda
Energy Generation, Transmission & Supply
Energy Generation, Transmission & Supply
Overall: US$ 34m
EAIF: US$ 12m
June 2016

Helios Towers DRC

Acquisition of >900 telecom towers from Airtel. Debt facility for acquisition, refurbishment and expansion of the tower network

Democratic Republic of Congo
Democratic Republic of Congo
Telecoms & Digital
Telecoms & Digital
Overall: US$ 105m
EAIF: US$ 20m
March 2016

DI Frontiers – Lubelia

Construction and operation of a 5MW run of the river Hydro Power Plant (“HPP”) in the Kasese region of western Uganda

Uganda
Uganda
Energy Generation, Transmission & Supply
Energy Generation, Transmission & Supply
Overall: US$ 16m
EAIF: US$ 5.1m

2015

November 2015

O3B Upsizing

The procurement and launch of 4 further satellites and the procurement of a further 4 satellites as ground based “spares”

Pan-Africa
Pan-Africa
Telecoms & Digital
Telecoms & Digital
Overall: US$ 458m
EAIF: US$ 5.3m
November 2015

Access Uganda Solar

Construction and operation of an 8.5MW solar PV power plant in the Soroti Region, Uganda

Uganda
Uganda
Energy Generation, Transmission & Supply
Energy Generation, Transmission & Supply
Overall: US$ 14.2m
EAIF: US$ 5.3m
October 2015

Feronia

The re-development of Plantations et Huileries du Congo S.A. a 104 year old palm oil business in the DRC

Democratic Republic of Congo
Democratic Republic of Congo
Agribusiness
Agribusiness
Overall: US$ 49m
EAIF: US$ 5m
June 2015

DI Frontiers – Siti 1

Construction and operation of a 6MW run of the river Hydro Power Plant (“HPP”) in the village of Chesowari, in the Mount Elgon region of eastern Uganda

Uganda
Uganda
Energy Generation, Transmission & Supply
Energy Generation, Transmission & Supply
Overall: US$ 16m
EAIF: US$ 5.5m
April 2015

Eaton Towers Ghana

Acquisition of >400 telecom towers from Airtel. Debt facility for acquisition, refurbishment and expansion of the tower network

Ghana
Ghana
Telecoms & Digital
Telecoms & Digital
Overall: US$ 48m
EAIF: US$ 25m
March 2015

Helios Towers Congo B

Acquisition of >400 telecom towers from Airtel. Debt facility for acquisition, refurbishment and expansion of the tower network

Democratic Republic of Congo
Democratic Republic of Congo
Telecoms & Digital
Telecoms & Digital
Overall: US$ 44m
EAIF: US$ 7m
February 2015

Helios Towers Chad

Acquisition of >400 telecom towers from Airtel. Debt facility for acquisition, refurbishment and expansion of the tower network

Chad
Chad
Telecoms & Digital
Telecoms & Digital
Overall: US$ 55m
EAIF: US$ 10m

2014

November 2014

Nyumba Ya Akiba cement plant

Construction and operation of a 1.18Mtpa plant to be located 200km from Kinshasa, DRC

Democratic Republic of Congo
Democratic Republic of Congo
Infrastructure Components & Equipment
Infrastructure Components & Equipment
Overall: US$ 270m
EAIF: US$ 30m
November 2014

Azura-Edo IPP

Construction and operation of a 459MW gas-fired power plant in Benin, Nigeria. EAIF provided US$ 20m senior debt and US$ 10m mezzanine debt.

Nigeria
Nigeria
Energy Generation, Transmission & Supply
Energy Generation, Transmission & Supply
Overall: US$ 892m
EAIF: US$ 20m
October 2014

KLPC

Kenya Power and Lighting Company was able to invest US$150 million upgrading, extending and maintaining its electricity transmission and distribution system. The company retails power to all sectors of the Kenyan economy and across the country.

Kenya
Kenya
Energy Generation, Transmission & Supply
Energy Generation, Transmission & Supply
Overall: US$ 150m
EAIF: US$ 25m
October 2014

CenPower

Producing 340MW of power, the Kpone combined cycle power plant represents a significant addition to Ghana’s generating capacity and its ability to expand its economy.

Ghana
Ghana
Energy Generation, Transmission & Supply
Energy Generation, Transmission & Supply
Overall: US$ 902m
EAIF: US $22m
October 2014

Seven Energy

EAIF participated as anchor investor in a US$400m bond issue to finance the construction of gas pipelines in the Niger delta.

Nigeria
Nigeria
Gas Transport, Storage & Supply
Gas Transport, Storage & Supply
Overall: US$ 400m
EAIF: US$ 29.6m
August 2014

Tobene Power

Construction and operation of a 96MW HFO fired power plant in Senegal.

Senegal
Senegal
Energy Generation, Transmission & Supply
Energy Generation, Transmission & Supply
Overall: €124m
EAIF: €25m
March 2014

Ciprel

Enabling the expansion of Ciprel Power Plant in Cote D’Ivoire from 432MW to 543MW

Cote D’Ivoire
Cote D’Ivoire
Energy Generation, Transmission & Supply
Energy Generation, Transmission & Supply
Overall: €253m
EAIF: €25m
March 2014

Helios Towers

Helios Towers Tanzania Ltd raised US$100 million in 2014 to acquire 1,000 telephone towers from Vodacom Tanzania Ltd. EAIF provided a US$10 million loan to the financing for refurbishment and expansion of the tower network.

Tanzania
Tanzania
Telecoms & Digital
Telecoms & Digital
Overall: US$ 100m
EAIF: US$ 10m
March 2014

AFL Expansion

Purchase and installation of plant and equipment to commence the production of high quality “TMT” BS4449 billets and rebars

Nigeria
Nigeria
Infrastructure Components & Equipment
Infrastructure Components & Equipment
Overall: US$ 35m
EAIF: €12.5m
February 2014

Smart Energy Solutions

Smart Energy Solutions (SES) operates a fleet of mobile electricity generators. In 2014, The Emerging Africa Infrastructure Fund loaned the business US$20 million to support its purchase of 40MW of new capacity and grow its business.

Pan-Africa
Pan-Africa
Energy Generation, Transmission & Supply
Energy Generation, Transmission & Supply
Overall: US $20m
EAIF: US$ 20m
January 2014

Gigawatt Global Rwanda Ltd

Gigawatt Global’s 8.5 MW solar PV power plant in Agahozo Shalom Youth Village, a joint venture with an orphanage, was financed, constructed and brought on stream in little more than a year.

Rwanda
Rwanda
Energy Generation, Transmission & Supply
Energy Generation, Transmission & Supply
Overall: US$ 23.7m
EAIF: US$ 10.6m

2013

December 2013

Helios Towers

Funding for the acquisition of >700 telecom towers from Millicom DRC Ltd. Debt facility provided for refurbishment and expansion of the tower network.

Democratic Republic of Congo
Democratic Republic of Congo
Telecoms & Digital
Telecoms & Digital
Overall: US$ 75m
EAIF: US$ 7.5m
February 2013

Indorama Eleme Fertiliser and Chemicals Ltd

At Port Harcourt, the Indorama Corporation and Indorama Eleme Petrochemicals have built a US$1.2 billion complex to produce 1.4 million tonnes of nitrogenous fertiliser annually. EAIF supported the project with a US$30 million loan.

Nigeria
Nigeria
Agribusiness
Agribusiness
Overall: US$ 1.2b
EAIF: US$ 30m

2012

October 2012

Azito Energie

Finance was sought to expand Azito Energie’s power station in Cote D’Ivoire from 283MW to 428MW.

Cote D’Ivoire
Cote D’Ivoire
Energy Generation, Transmission & Supply
Energy Generation, Transmission & Supply
Overall: US$ 403m
EAIF: US$ 30m
October 2012

Ethiopian Airlines

EAIF supported Ethiopia’s national airline with a US$30 million loan as part of the funding package for 10 new Boeing 787 ‘Dreamliner’ aircraft. All 10 aircraft are now in service.

Ethiopia
Ethiopia
Transport
Transport
Overall: US$ 1b
EAIF: US$ 30m (co-arranger)
October 2012

Tunisia Steel Pipes

Construction of greenfield steel pipe manufacturing company in Tunisia

Tunisia
Tunisia
Infrastructure Components & Equipment
Infrastructure Components & Equipment
Overall: US$ 24m
EAIF: US$ 17m
June 2012

TAQA

Ghana’s Takoradi 110MW simple cycle power plant has been expanded to a 330MW combined cycle thermal plant at a cost of US$356 million, including a US$15 million loan from EAIF.

Ghana
Ghana
Energy Generation, Transmission & Supply
Energy Generation, Transmission & Supply
Overall: US$ 356m
EAIF: US$ 15m
January 2012

SAEMS II

Increase in corporate facilities to finance the development of SAEMS’s 2nd hydro power project in Uganda

Uganda
Uganda
Energy Generation, Transmission & Supply
Energy Generation, Transmission & Supply
Overall: US$ 30m
EAIF: US$ 6m

2011

December 2011

Kalangala Infrastructure

Kalangala is the capital of Bugala Island, the largest of the Sesese Islands on Uganda’s Lake Victoria. EAIF has loaned US$7 million to develop power and water infrastructure on the island, and to modernise land and water transport.

Uganda
Uganda
Energy Generation, Transmission & Supply
Energy Generation, Transmission & Supply
Transport
Transport
Water & Waste Services
Water & Waste Services
Overall: US$ 54m
EAIF: US$ 7m
December 2011

Helios Towers Tanzania

Acquisition of >1,000 telecom towers from Millicom Tanzania Ltd. Debt facility for refurbishment and expansion of the tower network

Tanzania
Tanzania
Telecoms & Digital
Telecoms & Digital
Overall: US$ 85m
EAIF: US$ 15m
August 2011

KivuWatt Ltd

The development of an integrated methane gas to power project in Rwanda utilising Lake Kivu’s unique methane gas resources. The project consists of a gas extraction facility plus a 25MW power plant.

Rwanda
Rwanda
Energy Generation, Transmission & Supply
Energy Generation, Transmission & Supply
Overall: US$ 142m
EAIF: US$ 25m
June 2011

Addax Bioenergy

The development of a sugarcane plantation and an ethanol distillery producing 82,000m3 of ethanol p.a. and a 32MW cogeneration power plant.

Sierra Leone
Sierra Leone
Agribusiness
Agribusiness
Energy Generation, Transmission & Supply
Energy Generation, Transmission & Supply
Overall: €267m
EAIF: €20m
June 2011

Tower Power Abeokuta Ltd

A US$15million loan from EAIF supported Tower Power’s 2011 US$21.30 million project at Abeokuta in Nigeria. The company’s new 12.5MW electricity generating plant uses local gas previously flared off and wasted.

Nigeria
Nigeria
Energy Generation, Transmission & Supply
Energy Generation, Transmission & Supply
Overall: US$ 21.3m
EAIF: US$ 15m

2010

November 2010

DPW Dakar

DP World operates 65 ports on 6 continents. Its facility at Dakar is one of the first large public/private partnerships in Senegal. EAIF supported DP World’s Dakar total investment of €216m to upgrade and expand the container terminal with a €12.5m loan.

Senegal
Senegal
Transport
Transport
Overall: €216m
EAIF: €12.5m
November 2010

Ob3

Facilitated satellites and ground facilities to deliver fibre quality broadband communications services to emerging markets.

Pan-Africa
Pan-Africa
Telecoms & Digital
Telecoms & Digital
Overall: US$ 1.2b
EAIF: US$ 12.5m senior (+ US$ 12.5m sub debt)
October 2010

Tema Osonor Power Ltd

Construction of a 126MW gas-fired power plant in Tema, Ghana

Ghana
Ghana
Energy Generation, Transmission & Supply
Energy Generation, Transmission & Supply
Overall: US$ 128m
EAIF: US$ 15m
July 2010

ALAF

As part of a US$35 million factory construction project, EAIF made a US$ 5 million senior debt facility available to ALAF. The company now has a facility capable of producing 70,000 tons of metal roofing products annually.

Tanzania
Tanzania
Infrastructure Components & Equipment
Infrastructure Components & Equipment
Overall: US$ 35m
EAIF: US$ 5m

2009

December 2009

African Foundries Ltd

Construction of 150,000 MT p.a. rolling mill that will produce TMT rebars in Nigeria

Nigeria
Nigeria
Infrastructure Components & Equipment
Infrastructure Components & Equipment
Overall: US$ 130m
EAIF: US$ 20m
December 2009

Helios Towers Nigeria

Corporate facility for the expansion of Helios Towers network in Nigeria

Tanzania
Tanzania
Telecoms & Digital
Telecoms & Digital
Overall: US$ 250m
EAIF: US$ 19m
October 2009

Bisha Mining Share Company

Construction and operation of the first modern gold and copper mine in Eritrea

Eritrea
Eritrea
Mining
Mining
Overall: US$ 460m
EAIF: US$ 25m
June 2009

Zain Ghana

Construction and operation of a Greenfield mobile network in Ghana

Ghana
Ghana
Telecoms & Digital
Telecoms & Digital
Overall: US$ 523m
EAIF: US$ 17.5m
February 2009

Aldwych International

Round B equity and high yield debt financing for start-up power plant developer Aldwych International

Pan-Africa
Pan-Africa
Energy Generation, Transmission & Supply
Energy Generation, Transmission & Supply
Overall: GBP £44m
EAIF: €7.4m (+ US$ 1m equity)
January 2009

Orpower 4

Expansion of the Olkaria III Geothermal power project to 48MW

Kenya
Kenya
Energy Generation, Transmission & Supply
Energy Generation, Transmission & Supply
Overall: US$ 180m
EAIF: US$ 15m

2008

September 2008

SAEMS

Construction facility for a portfolio of 12 small hydro power plants in Sri Lanka and Uganda

Uganda
Uganda
Energy Generation, Transmission & Supply
Energy Generation, Transmission & Supply
Overall: US$ 85m
EAIF: US$ 14m
September 2008

Rabai Power Project

Construction of a 90MW HFO fired power plant in Kenya

Kenya
Kenya
Energy Generation, Transmission & Supply
Energy Generation, Transmission & Supply
Overall: €120m
EAIF: €19.8m (+ €2.8m sub-debt arranger)
May 2008

Tronderpower Ltd

Construction of a 13MW run of river hydro power plant in Uganda

Uganda
Uganda
Energy Generation, Transmission & Supply
Energy Generation, Transmission & Supply
Overall: US$ 56m
EAIF: US$ 35m
March 2008

Safal Investments

Construction of 150,000MT p.a. greenfield rolling mill and galvanising plant at Durban and expansion of processing facilities in a number of Eastern & Southern African countries

Pan-Africa
Pan-Africa
Infrastructure Components & Equipment
Infrastructure Components & Equipment
Overall: US$ 150m
EAIF: US$ 15m (14m Sub debt)

2007

November 2007

Seacom

Debt financing for equity participation of IPS Kenya (AKFED) in Seacom, the first submarine fibre optic cable along the Eastern coast of Africa

Kenya
Kenya
Telecoms & Digital
Telecoms & Digital
Overall: US$ 375m
EAIF: US$ 35m
June 2007

Celtel Nigeria

Corporate facility for the expansion  of GSM in 5 African countries

Pan-Africa
Pan-Africa
Telecoms & Digital
Telecoms & Digital
Overall: US$ 320m
EAIF: US$ 24m
February 2007

Eleme Petrochemicals

Financing of a post privatisation turnaround program for a petrochemical plant in Nigeria.

Nigeria
Nigeria
Agribusiness
Agribusiness
Overall: US$ 400m
EAIF: US$ 20m
February 2007

Celtel Nigeria

Corporate facility for the expansion of Celtel’s GSM network in Nigeria

Nigeria
Nigeria
Telecoms & Digital
Telecoms & Digital
Overall: US$ 190m
EAIF: US$ 35m

2005

September 2005

Obajana Cement

Construction & commissioning of a Greenfield cement production plant with a capacity of 4.4 million tons per annum in Nigeria

Nigeria
Nigeria
Infrastructure Components & Equipment
Infrastructure Components & Equipment
Overall: US$ 798m
EAIF: US$ 30m

2004

November 2004

MTN Nigeria

Corporate facility for the expansion of MTNs GSM network in Nigeria.

Nigeria
Nigeria
Telecoms & Digital
Telecoms & Digital
Overall: US$ 200m
EAIF: US$ 10m
November 2004

SPM Ghana

Financing of a Single Point Moor system and a conventional buoy mooring system in the waters outside Tema Port, Ghana

Ghana
Ghana
Transport
Transport
Overall: US$ 47.3m
EAIF: US$ 12m
October 2004

MOMA

Construction and operation of a Greenfield mineral sands project (ilmenite, rutile, zircon) near Moma, Northern Mozambique

Mozambique
Mozambique
Mining
Mining
Overall: GBP £594m
EAIF: US$ 5m

2003

August 2003

AES Sonel

Construction of an 85MW HFO fired power plant in Cameroon; in 2006 the facility was increased to EUR 240 million and EAIF acted as a co-lender

Cameroon
Cameroon
Energy Generation, Transmission & Supply
Energy Generation, Transmission & Supply
Overall: €240m
EAIF: €24m
January 2003

MSI-Cellular / Celtel

Expansion of a GSM network across selected countries in Africa

Pan-Africa
Pan-Africa
Telecoms & Digital
Telecoms & Digital
Overall: US$ 260m
EAIF: US$ 30m (mezzanine)