Sectors we work in
The Emerging Africa Infrastructure Fund is empowered to work in the eight sectors. Alongside traditional projects, it supports new and innovative technologies, fresh business models and entrepreneurial managements.
Expanding Africa’s electricity generation and supply capacity is essential to the continent’s ability to keep growing. Energy projects supported by EAIF include traditional large facilities fuelled by gas or oil and solar and hydro power developments.
Africa has embraced the digital economy and demand for infrastructure remains high, as mobile platforms become core tools of trade and of business, education,health care and financial services.
Clean fresh water is vital to human life, fighting disease and unlocking people from domestic drudgery. Fresh water improves agricultural output and creates new economic opportunities.
Economic development is more sustainable when a country can make and supply the goods and services needed to create infrastructure.
Many parts of Africa have abundant reserves of natural gas. Creating the infrastructure to bring gas to power stations, factories, public services, shops, hotels and homes turns locally available natural resources to long-term productive use.
Reliable and efficient transport opens up markets, creates fresh opportunities for enterprise, widens access to work, education and public services and brings urban and rural places closer.
Maximising the potential for African agriculture means creating the infrastructure that will help the sector add value and develop more robust rural economies.
EAIF lends to mining businesses where the infrastructure supported by the Fund can also be accessed to the benefit of other enterprises. It might be that the existence of mining infrastructure makes transport for other venturers easier, or mining may stimulate added value activity made possible by the presence of new infrastructure.
EAIF is a pioneer in developing clean, renewable energy facilities in Africa. Projects that include harnessing solar and hydro power are transforming economies, frequently in rural areas. Traditional forms of electricity generation can sometimes be the most efficient way of getting power to large numbers of people, particularly when a country has readily available natural resources. EAIF has backed natural gas and oil-fueled power stations and gas transport infrastructure.
The Fund was an early supporter of the development of the digital economy in Africa and has worked with businesses involved in inter-continental cable facilities for internet access in East Africa. It has backed a pan-African satellite operator and communications tower businesses in a number of countries. In transport, it helped a large port expansion come into being. It has renewed ferries vital to an island community, helped a national airline stimulate trade and tourism and been at the heart of the expansion of two airports in an island country dependent on international trade and eco-tourism.
The components to build infrastructure are often imported. By providing long-term finance to companies building component manufacturing plants, EAIF has contributed to the ability of economies to become self-sufficient in core products, for example, concrete components and steel reinforcement bars. Such investments tend to stimulate further local infrastructure investment, as well as reducing import bills, providing long-term jobs and strengthening the local tax base.
EAIF is developing its presence in the water and sanitation sector.
In addition to the above sectors, EAIF can invest in agriculture infrastructure and mining projects, though only where they meet the strict and demanding conditions required by our constitution.