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2021

Big scale infrastructure developments like new ports create opportunities for advanced climate change management policies

By Roland Janssens Roland Janssens is a Director at Ninety One, managers of the Emerging Africa Infrastructure Fund In late October 2020, EAIF announced it had supported a successful, locally-issued, bond offered by Senegal’s Port Autonome de Dakar (PAD), the owner of the Port of Dakar. The bond raised XOF60 billion* (US$107million) and will fund… Read more »

Private Infrastructure Development Group company Emerging Africa Infrastructure Fund releases three minute animated film

  A three minute animated film has been released that explains what the Emerging Africa Infrastructure Fund (EAIF) does, how it is funded, its track record and the benefits it offers infrastructure developers in Africa. EAIF, a member of the Private Infrastructure Development Group (PIDG) provides long-term debt to mainly private infrastructure projects in Africa. … Read more »

Will Africa’s road to prosperity be blocked by environmental concerns?

Investment Monitor magazine’s  Jason Mitchell asks if Africa’s insufficient road and rail network is delaying the continent’s development, but efforts to resolve the situation are being held back by worries about environmental damage. The Emerging Africa Infrastructure Funds’s Roland Janssens was interviewed for the report. You can read the full story by clicking on the link below. https://investmentmonitor.ai/business-activities/infrastructure/africa-road-rail-environmental-concerns—… Read more »

Can $100 billion in green finance be raised annually to help emerging economies fight climate change?

Project finance for infrastructure in emerging economies is one of the central issues of the upcoming COP26 agenda. For the Emerging Africa Infrastructure Fund (EAIF) and its parent organization, the Private Infrastructure Development Group (PIDG), the event is likely to bring considerable global focus on what it does and how it does it. In the… Read more »

PIDG company, Emerging Africa Infrastructure Fund, lending €25 million to Côte d’Ivoire clean energy hydro-electricity project

The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, is lending €25 million over 18 years to Ivoire Hydro Energy (IHE) which will build a 44MW hydro electricity generation plant on the Bandama River near the village of Singrobo in Côte d’Ivoire. Financial close is expected in late Q3 2021. The… Read more »

Request for proposal for the EAIF Environmental Social Performance Report

Ninety One requires the service of an independent environmental social consultant to draft the Annual Environmental and Social Performance Report (the “performance report”) for the Emerging Africa Infrastructure Fund (“EAIF”). The Request For Proposal  details the scope of work. Proposals shall be submitted no later than 16 July 2021.

Mozambique solar plant ground-breaking event marks 22nd renewable energy project for EAIF

On 14th June, Mozambique’s Minister of Mineral Resources and Energy, Dr Ernesto Max Tonela, was the official guest at a ground-breaking ceremony to mark the beginning of work on a new 15MW solar electricity plant in the Tetereane District of the city of Cuamba. Financial close is expected shortly, when the Private Infrastructure Development Group (PIDG)… Read more »

Proparco and Emerging Africa Infrastructure Fund partner to finance the first biomass plant with grid injection in Africa

During the visit to Côte d’Ivoire by Mr. Jean-Yves Le Drian, the French Minister for Europe and Foreign Affairs, Proparco and the Emerging Africa Infrastructure Fund (EAIF) have closed a 165M EUR project finance deal and 13M EUR grant to secure the financing of Biovea project in Ivory Coast, which will be the first biomass… Read more »

Growing Africa’s attractiveness to private investors in infrastructure is fundamental to recovery from COVID and tackling climate change

7th June 2021 – RenewAfrica, a leading publication covering intelligence on Africa’s renewable energy transition, today publishes a blog by Martijn Proos, a Director at Ninety One. In the blog, he looks at how the EAIF business model works and how the model can help Africa recover from COVID and contribute to managing climate change.

Housing a continent

In a special report on affordable housing in Africa, coordinated by AFFORD UK, New African magazine looked at the work of  EAIF and other PIDG companies. You can read the article here; https://newafricanmagazine.com/25921/  To read the whole report visit Housing a Continent

PIDG company Emerging Africa Infrastructure Fund’s 2020 review shows loan book topped US$1 billion for the first time

The Private Infrastructure Development Group’s (PIDG) long-term infrastructure debt business, the Emerging Africa Infrastructure Fund (EAIF) saw its loan book break through the US$1 billion mark in 2020. EAIF signed eight new projects, bringing the loan book value to US$1.04 billion.  The Fund committed $243 million in new loans to businesses in digital and telecommunications,… Read more »

Global Trade Review names EAIF-backed Zimborders project as a global Deal of the Year Award for “Optimism and Rehabilitation”

On 19th April, Global Trade  Review (GTR) magazine announced that had named the Zimborders project that is revitalising the Beitbridge border post between Zimbabwe and South Africa as one of its eleven worldwide “Deals of the Year”. PIDG company, the Emerging Africa Infrastructure Fund has loaned Zimborders, the private sector company that won the competition… Read more »

EAIF issues advisor tender for project in Kenya

EAIF will be appointing an independent technical advisor to act as Lender Technical Advisor for the appraisal and due diligence of the Homa Bay Biogas One Project. The Project is the first of a series of biogas plants, with a total feed-in generation capacity of 35 MW, using water hyacinth from Lake Victoria and sugar… Read more »

Liquid Telecom: Bond market better for growing operations

On 22nd March, reporter Mudiwa Gavaza of Business Day newspaper wrote about the investment plans of Liquid Telecommunications, which recently had a successful bond issue supported by PIDG company, the Emerging Africa Infrastructure Fund. Read the full story.

First green energy project in Burkina Faso for EAIF

EAIF lends €29 million to support the construction of 30MW solar plant to supply the national grid, marking the 20th clean energy project for EAIF.

Liquid Telecommunications bond offering is fourth recent digital and telecommunications financing by EAIF

The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, has committed to buy up to US$50,000,000 of a bond issue by Liquid Telecommunications, that is being launched on Monday 22rd February 2021. The bond (“The New Note Offering”) aims to raise US$600 million which will be used to refinance existing debt… Read more »

EAIF cited as model for institutional investors

“Institutional investors have become increasingly open to non-traditional, high yield investment opportunities as they grapple with low yield environments”, writes Lade Araba in a blog for the African Venture Capital Association (AVCA).  Allianz Global Finance investment in EAIF cited as prime example. To read the full article visit the AVCA website at the link below. https://medium.com/afri-spective-by-avca/institutional-investors-are-all-rational-but-theyre-not-the-same-306011f8a43b