News and Media
Two EAIF supported projects win awards from PFI Thomson Reuters, one of the world’s leading infrastructure finance and market intelligence publications
Today, the Private Infrastructure Development Group (PIDG) launched its Five-Year Strategic Plan.
The case study here of EAIF, was written by Convergence, a membership organisation focussed on “blended finance;” where public-private partnerships enable the financing of infrastructure and other strategic projects in developing economies. You can read the full case study here – Convergence EAIF Case Study 2018. To learn more about Convergence please visit. https://www.convergence.finance/about. EAIF is grateful to Convergence for permission… Read more »
EAIF Executive Director leads session at PF4SDG on attracting commercial finance to large-scale water projects.
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.
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 as PIDG company Emerging Africa Infrastructure Fund lends €50 million to €1.26 billion Nachtigal hydro power plant.
In late October 2018, the Albatros Energy Mali thermal power station opened for business. It adds 25% to Mali’s base load electricity availability.
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 »
The Emerging Africa Infrastructure Fund and GuarantCo supporting €78m Akuo Kita solar power plant in Mali. Second Mali power project for PIDG Largest West African solar project EAIF Mandated Lead Arranger Deal incorporates €54 million debt facility and €2.3 million Debt Service Reserve Account guarantee PIDG companies, the Emerging Africa Infrastructure Fund (EAIF) and GuarantCo, announced today that the €78 million… Read more »
On a visit to South Africa on 28th August, the UK Prime Minister announced £4bn of public sector investment in Africa over the next four years, which she is ambitious will be matched by the private sector.
EAIF lends US$35 million to US$1.1 billion project to double production at Nigeria’s largest fertiliser plant
The Emerging Africa Infrastructure Fund (EAIF), today announced the financial close of its 11-year US$35 million loan to Indorama Eleme Fertilizer & Chemicals Ltd (IEFCL). The transaction is part of the financing of a US$1.1 billion expansion of the company’s existing fertiliser plant at Port Harcourt, Nigeria. The new plant is to be built alongside… 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 »
EAIF-backed clean energy projects see power flow from hydro station in Uganda and work start on 40MW solar plant in Mozambique in same week
Two clean energy projects backed by the Emerging Africa Infrastructure Fund took significant steps forward in the last week of June. The 5.4 MW Lubilia Kawembe Hydro (LKH) electricity generating station in Uganda was formally commissioned on 28th June. A day later, on 29th June, a ground-breaking ceremony saw work officially begin on the 40MW Central Solar… Read more »