The Emerging Africa & Asia Infrastructure Fund (EAAIF) was established as the first company within the Private Infrastructure Development Group (PIDG). Managed by Ninety One, we provide long-term commercial debt to deliver inclusive and impactful infrastructure projects in Africa and Asia.
Our Impact
Dakar Toll Road
$50m of debt to support the extension and upgrade of the A1 motorway in Senegal (LDC) which connects the city of Dakar to the airport. This will enable the efficient movement of passengers and trade, and is set to lead to economic growth and indirect job creation.
Biovea Biomass Plant
$42m of debt to support the construction and operation of a 46 MW biomass plant in Côte D’Ivoire (LMIC and FCAS). This will improve income generation for 12k outgrowers, while increasing access to reliable electricity to 743k consumers and avoiding 120k tCO 2e per year.
Kinguele Hydro
$23m of debt to build and operate a 35 MW hydro power plant in Gabon. This will increase access to reliable electricity to 97k consumers, and increase productivity for firms to create indirect jobs and avoid 186k tCO 2e per year.
Sector Focus
Applying for project support
If you are looking for debt finance for an infrastructure project in sub-Saharan Africa please talk to us.
EAAIF mainly supports private sector infrastructure projects to create new or expand existing facilities. We welcome enquiries from companies in Africa and worldwide that want to grow their businesses in sub-Saharan Africa and share our commitment to the continent and its peoples. Enquiries are also welcome from financial advisers and specialist consultants.
Latest news
EAAIF acts as co-anchor investor alongside IFC and Proparco in oversubscribed $1.2 billion IHS Holding Limited bond, to drive digital connectivity in Africa
The commitment reinforces EAAIF’s leading position as a pioneer of debt capital solutions for telecom infrastructure in Africa EAAIF has allocated $283 million to telecommunications companies via bond issuances since 2016, mobilising $5.6 billion in total London, 2 December 2024: The Emerging Africa & Asia Infrastructure Fund (EAAIF), a Private Infrastructure Development Group (PIDG) company,… Read more »
EAAIF, FMO and DEG provide EUR 84 million to AXIAN Energy to finance a 60MW solar energy and 72MWh energy storage system in Senegal
The project will provide clean, reliable energy for 235,000 people in Senegal. Largest photovoltaic with added battery energy storage systems (BESS) project in West Africa, accelerating the uptake of critical battery technology in the region. The investment supports Senegal’s drive to reach 40% of renewable energy capacity by 2030. London – 13 November 2024 –… Read more »
EAAIF acts as sole impact investor, anchors Africell’s debut issuance of USD300 million international public bond
The USD300 million public bond issuance was oversubscribed with orders over USD550 million. The financing will support the roll-out of digital infrastructure across four countries, enhancing connectivity for Africell’s current 14 million customers and boosting future growth. The investment demonstrates EAAIF’s pledge to accelerate the development of capital markets across Africa and South and Southeast… Read more »
Our funders
The Emerging Africa & Asia Infrastructure Fund (EAAIF) was established as the first company within the Private Infrastructure Development Group (PIDG). Managed by Ninety One, we provide long-term commercial debt to deliver inclusive and impactful infrastructure projects in Africa and parts of Asia.
Biomass financing by EAIF to deliver 46MW renewable energy plant in Cote D’Ivoire
“EAIF rapidly moving towards green energy loan portfolio of 1000MW” The Emerging Africa Infrastructure Fund – a Private Infrastructure Development Group (PIDG) company – announced on 10th June that it is lending €30 million to support the construction of a new €232 million, 46MW, biomass power station in Cote D’Ivoire. Located at Ayebo, 100km east… Read more »