2023
EAIF commits c. USD 19 million senior secured debt for 20MW solar PV power project in north-western Uganda
The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, has committed c. USD19 million to a new 20MW solar PV project designed to provide clean, affordable energy for one of the most remote and underserved regions in north-western Uganda. The financing was concluded during COP28 and advances progress towards the goals… Read more »
EAIF EXTENDS €46 MILLION TO ESTABLISH AFRICA’S FIRST FULLY ELECTRIC BUS SYSTEM IN SENEGAL, THE NEXT GENERATION OF URBAN MOBILITY IN AFRICA
The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, has committed €46 million ($50 million equivalent) to launch Africa’s first fully electric public bus network in Senegal’s capital, Dakar. The Dakar Bus Rapid Transit (BRT) establishes a new benchmark for sustainable public transport in Africa and showcases the future of decarbonised… Read more »
EMERGING AFRICA INFRASTRUCTURE FUND AND NINETY ONE COMMIT US$31 MILLION TO PARATUS GROUP IN BOOST TO CONTINENTAL CONNECTIVITY
Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, and its fund manager, Ninety One, have committed a US$31 million debt facility to Paratus Group Holdings Limited (Paratus) to finance the expansion of its fibre and data centre business over the next three years. Ninety One acted as the mandated lead arranger… Read more »
EAIF COMMITS UP TO XOF 30 BILLION TO LAUNCH WEST AFRICA’S FIRST SOCIAL ASSET-BACKED SECURITY, TARGETING 100% ELECTRIFICATION IN CÔTE D’IVOIRE
The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, has committed up to XOF 30 billion (equivalent to USD ~ 48 million) to launch West Africa’s first ever social asset-backed security.
Martijn Proos interviewed by CNBC Africa
Martijn Proos was interviewed by CNBC Africa discussing the financing energy projects and distribution infrastructure in context of a challenging macroeconomic environment. “We are still quite active. Renewable energy that we support is still by far the lowest cost energy solution for many countries in Africa. Despite high interest rates… we are structuring smart financial… Read more »
EAIF PROVIDES EUR 46 MILLION TO BRING STRATEGIC ROAD, A1 MOTORWAY, “AUTOROUTE DE L’AVENIR”, TO FINANCIAL CLOSE
London, 27 September 2023 – The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, has committed EUR 46 million for the extension and upgrade of the A1 motorway, the first toll motorway in Western Africa built under a public-private partnership (PPP) scheme. The project aims to boost economic productivity, progress the… Read more »
Pioneering Cuamba solar project begins supplying energy to the national grid of Northern Mozambique
Central Electrica de Tetereane’s (CET) 19 MWp solar plant in Cuamba, Mozambique, financed by the Private Infrastructure Development Group (PIDG) company, Emerging Africa Infrastructure Fund (EAIF) with a $19 million loan, is now operational. The facility, inaugurated in the presence of H.E. Filipe Nyusi, President of the Republic of Mozambique, supplies clean power to Niassa… Read more »
EAIF EXTENDS €35 MILLION TO BRING PIONEERING 46MW BIOMASS POWER PLANT IN CÔTE D’IVOIRE TO FINANCIAL CLOSE
The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, today announced that it had officially broke ground on the pioneering 46MW biomass power station in Ayebo, Côte D’Ivoire, bringing clean power and a more diverse energy mix to the region. EAIF has provided a €35m senior loan facility to develop a… Read more »
EAIF COMMITS EUR11.5 MILLION TO WEST AFRICA’S FIRST PROJECT-FINANCED SOLAR PV + BATTERY ENERGY STORAGE SYSTEM PROJECT IN SENEGAL
The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, has committed a EUR11.5m senior secured loan to develop the first project-financed solar PV plant and battery energy storage system (BESS) in West Africa, located in Bokhol in the north of Senegal. The Walo facility will be a 10MW/20MWh BESS supplied by… Read more »
EAIF PROVIDES $30 MILLION COMMITMENT TO EASTCASTLE INFRASTRUCTURE
Drives digital transformation and growth of DRC’s mobile network market
40 MW Kesses solar facility becomes operational in Kenya
Private Infrastructure Development Group (PIDG) company, the Emerging Africa Infrastructure Fund (EAIF), the Standard Bank Group acting through Standard Bank of South Africa Limited, Stanbic Bank Kenya and their project partner, Alten Kenya Solarfarms (Alten), today announced that the 40 MW Kesses solar photovoltaic plant in Kenya is now operational.
Climate must be factored into land acquisition for infrastructure development – Wendy Mlotshwa
Land requirements for infrastructure and trade-offs Land is a complex and emotive topic in Africa; to understand it, one needs to grasp its ecological, cultural, cosmological, social, and spiritual importance, over and above its more obvious economic importance.
EAIF commits $33 million to Raxio Group in vital boost to Africa’s nascent data markets
The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, has committed a $33 million sustainability-linked debt facility to Raxio Group, a leading pan-African data centre developer and operator. The funding enables the design, construction, operation, and management of a series of high-impact data centres in seven countries across sub-Saharan Africa. EAIF… Read more »
Opinion | Gender-smart infrastructure must be delivered at scale
In an op-ed for fDi Intelligence, Sinenhlanhla (Sine) Zulu, Investment Specialist at The Private Infrastructure Development Group company, Emerging Africa Infrastructure Fund, advocates for gender-smart approaches to infrastructure design and urban planning.
Kigali PPP Docuseries
Martijn Proos featured in a docuseries which reviewed EAIF and Metito’s Kigali Bulk Water Supply Project in Rwanda. Martijn attributed the project’s success to the accommodating legal and regulatory framework created by the Rwandan government, as well as to the US$6.25 million PIDG Technical Assistance provided in Viability Gap Funding, which was “an essential part… Read more »
African Business Magazine: Should private companies play a role in Africa’s water sector?
Tom Collins reported on the potential for private investment to close Africa’s water infrastructure supply gap. In the article, Martijn Proos said it was important that African governments create the right legal and regulatory frameworks to enable more water PPPs on the continent. He expressed his optimism that we will witness more private sector participation… Read more »
Uxolo: Singrobo-Ahouaty: A small hydro IPP ripple effect in sub-Saharan Africa?
Paromita Chatterjee featured in an article by Clara Amorim, a reporter at Uxolo, on the feasibility for scaling hydropower IPPs in sub-Saharan Africa. Paromita explained the success of the Singrobo-Ahouaty project in detail, including how they allayed hydrology, currency, political and payment risk. She also advocated small, run-of-river hydropower projects as a way to provide… Read more »
EAIF commits €25 million to 44MW hydropower plant in Côte d’Ivoire
Private Infrastructure Development Group (PIDG) company, the Emerging Africa Infrastructure Fund (EAIF), today announced a €25 million finance facility 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. EAIF’s long-term financing package enables IHE to achieve financial close… Read more »