What we do
The Emerging Africa Infrastructure Fund (EAIF) raises and deploys public and private debt capital to deliver transformative infrastructure projects across sub-Saharan Africa.
We were the first company established within the Private Infrastructure Development Group, a multi-donor organisation founded by seven countries and the World Bank Group in 2001.
Managed by NinetyOne, a fund manager with deep roots in Africa, EAIF is one of the most successful examples of blended finance. Our anchor shareholders are the UK, Dutch, Swedish and Swiss Governments and we periodically raise debt capital from private investors including Allianz, Standard Chartered Bank and DFIs including the AfDB, FMO and KfW. This gives us the stable base, long term outlook and ready resources of the public sector, combined with the imagination, commercial rigour and entrepreneurial drive of private capital.
For over 20 years, we’ve provided flexible, patient debt capital to a geographically and sectorally diversified portfolio of high impact infrastructure projects in Africa, worth more than US$ 2 billion.
We operate in 10 sectors in 20 African countries and typically lend between US$ 10 million to US$ 65 million (including in EUR) up to a 15-year period, extending to 20 years where necessary
The projects we support must be commercially sound and deliver significant, measurable and sustainable socio-economic impact, while prioritising health, safety and ESG performance.
Our specialism is investing in frontier and developing economies where without our backing, transformational projects simply would not happen.
The Fund holds an A2 credit rating from Moody’s and has a minimal default rate, despite significant risk appetite.
This demonstrates our ability to invest in and deliver quality infrastructure in some of the most complex operating environments in the world.