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EAAIF and Ninety One back Verdant to acquire pioneering wind power and storage project in the Philippines
Emerging Africa & Asia Infrastructure Fund (“EAAIF”) and Ninety One’s Emerging Market Transition Debt (“EMTD”) strategy jointly commit $30 million to accelerate the Philippines’ transition to a clean energy future. The transaction breaks new ground for all parties involved — Verdant Energy, EAAIF, and Ninety One’s EMTD strategy — representing their first engagement in the… Read more »
EAAIF commits EUR 40 million of sustainability-linked financing to support the upgrade and expansion of Cabo Verde’s national airport network
Investment will finance development across seven airports, strengthening connectivity, tourism, and airport environmental objectives. Transaction reinforces EAAIF’s role in mobilising long-tenor, sustainability-linked capital for essential transport infrastructure in climate-vulnerable countries. London, 27 January 2026: The Emerging Africa & Asia Infrastructure Fund (EAAIF), a Private Infrastructure Development Group (PIDG) company, managed by Ninety One, has committed… Read more »
EAAIF and Ninety One commit $30 million to WIOCC’s expansion, accelerating digital connectivity in Africa
Investment to expand fibre networks, data centres, and last-mile connectivity, bridging Africa’s digital divide Sustainability-linked loan ties financing costs to green performance targets, promoting climate-resilient digital growth London, December 15: The Emerging Africa & Asia Infrastructure Fund (EAAIF), a Private Infrastructure Development Group (PIDG) company, managed by Ninety One, today announced a $15 million investment… Read more »
EAAIF announces second XOF 10 billion commitment to Côte d’Ivoire’s landmark social bond, supporting electricity access for millions
Issuance will finance 400,000 last-mile connections, building on 2.2 million households already connected. EAAIF’s second commitment to the programme underlines the Fund’s role developing innovative bond issuances in underserved regions. London, December 9: The Emerging Africa & Asia Infrastructure Fund (EAAIF), a Private Infrastructure Development Group (PIDG) company, managed by Ninety One, has committed XOF… Read more »
EAAIF secures USD $100 million debt facility from Export Finance Australia
The financing underscores EAAIF’s pivotal role as a gateway for new, diverse capital to accelerate green energy transitions and economic resilience in emerging markets. EAAIF’s two decades of expertise align with Australia’s development impact ambitions, backing businesses overseas that boost access to sustainable infrastructure, economic productivity in underfunded areas and support the energy transition. London,… Read more »
EAAIF anchors Axian Telecom’s USD 600 million bond
Powering Africa’s digital economy EAAIF’s commitment helps secure a 2x oversubscribed bond, supporting digital connectivity across nine African markets New financing enables Axian Telecom to accelerate strategic investments, strengthening its role as a leading pan-Africa telecommunications provider Through partners like Axian Telecom, EAAIF is helping scale telecom infrastructure across emerging markets, laying foundations for connectivity… Read more »
EAAIF completes $325 million debt raise to accelerate its investments in emerging market infrastructure
The $325 million debt package brings the Fund’s recent capital raises to $620 million, significantly surpassing its target of raising $500 million by the end of 2025. Since 2018, EAAIF has raised more than $1 billion in commitments across three debt raises. New funding fuels EAAIF’s plan to deploy over $1 billion to critical infrastructure… Read more »
EAAIF contributes US$45 Million to CrossBoundary Energy Holdings to power commercial and industrial (C&I) renewable energy projects across Africa
Supports CrossBoundary Energy to develop a target portfolio of US$500 million by 2027, meeting growing demand for solar, wind, and battery storage and hybrid energy solutions. EAAIF’s commitment enables CrossBoundary Energy to accelerate new commercial and industrial (C&I) renewable energy projects across the continent with breakthrough technologies. The Fund’s first C&I investment in Africa forms… Read more »
EAAIF invests USD 20 million in CME Solar (“CMES”) to power Vietnam’s manufacturing sector with clean energy sources
The investment marks EAAIF’s second transaction in Asia The Fund catalyses the roll out of rooftop solar projects for commercial and industrial clients in Vietnam The transaction decarbonises Vietnam’s manufacturing sector and reduces reliance on coal-fired thermal energy Hanoi, 6 January 2025: The Emerging Africa & Asia Infrastructure Fund (EAAIF), a Private Infrastructure Development Group… Read more »
EAAIF invests EUR 28 million in 52 MW solar plant in northern Côte d’Ivoire to increase energy access to underserved businesses and communities
Landmark transaction that will encourage further private sector investment in Côte d’Ivoire’s renewable energy sector The first solar IPP to announce financing in Côte d’Ivoire and a first by an Ivorian company EAAIF’s investment will support energy access in underserved areas of the country Abidjan, 23 December 2024: The Emerging Africa & Asia Infrastructure Fund… Read more »
EAAIF provides USD 40 million of Project Development Facility to Hassan Allam Utilities to develop 2.3 GW of renewable energy projects in Egypt
The investment supports the development of one of the largest wind projects in Africa. The transaction underlines the Fund’s commitment to back regional champions that deliver key projects and drive impact in strategic infrastructure sectors. The announcement marks the Fund’s first investment in Egypt, supporting the country’s goal for renewable energy to achieve 42% of… Read more »
EAAIF backs CEC Renewables’ USD 96.7 million green bond to increase Zambia’s solar capacity and tackle the country’s energy crisis
136 MW solar plant will provide clean energy to communities and businesses in Zambia, helping to overcome the country’s energy crisis The transaction demonstrates EAAIF’s commitment to support capital market development in Africa, providing fundraising solutions for dynamic companies Lusaka, 13 December 2024: The Emerging Africa & Asia Infrastructure Fund (EAAIF), a Private Infrastructure Development… Read more »
EAAIF reaches financial close for 20 MW solar project in north-western Uganda
The investment will bring power to hundreds of thousands of people in Uganda’s remote and underserved north-western region This project doubles the capacity of solar projects supported by EAAIF in Uganda London, 12 December 2024: The Emerging Africa & Asia Infrastructure Fund (EAAIF), a Private Infrastructure Development Group (PIDG) company, managed by Ninety One, has… Read more »
EAAIF invests in USD 141.9 million sustainable aviation fuel facility in Pakistan, marking Fund’s first Asia investment
EAAIF’s USD 20 million debt investment will contribute to the global uptake of sustainable aviation fuel (SAF) to reduce CO2 emissions in the industry. The transaction marks EAAIF’s first investment in the region as the Fund expands into Asia and identifies high-impact projects to drive climate action. Islamabad, 9th December 2024: The Emerging Africa &… Read more »
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 »
EAIF expands mandate to invest in South & South East Asia, officially becomes the Emerging Africa and Asia Infrastructure Fund (EAAIF)
New name reflects the Fund’s ambition to invest over $1 billion in emerging Asian and African economies over the next 4 years EAAIF has committed over $2.5 billion and mobilised more than $16 billion in private sector investment commitments to African infrastructure over the past 21 years EAAIF to drive sustainable infrastructure development and climate… Read more »
MOODY’S AFFIRMS EMERGING AFRICA & ASIA INFRASTRUCTURE FUND’S A2 CREDIT RATING
London—25 September 2024: The Emerging Africa & Asia Infrastructure Fund (EAAIF), a Private Infrastructure Development Group (PIDG) company, today announced that Moody’s has reaffirmed its long-term foreign-currency issuer rating at A2, with a stable outlook. EAAIF is one of Africa’s most experienced lenders and one of the first blended finance debt funds meeting the needs… Read more »
The EAIF & IFC-backed FCTC Sonatel Asset Backed Security lists on West African regional stock exchange, boosting digital transformation
● The listing helps finance Sonatel’s expansion of digital services in the West African region ● The landmark transaction transforms the digital economy through the creation of online businesses and strengthens local capital markets ● EAIF committed XOF 23.5 billion (c. $39 million) and IFC committed XOF 25 billion (c. $41 million) to the ABS… Read more »
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 »
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 »
Financial close for first Mozambique utility scale renewables project with battery storage supported by PIDG company Emerging Africa Infrastructure Fund
First utility battery storage project for Mozambique PIDG TA provides Viability Gap Funding grant A 19MW solar electricity plant to be built in the Niassa province of Mozambique reached financial close on 20th December. The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company is the sole lender and will provide… Read more »
COP26 Aims to Tackle Infrastructure Financing in Emerging Economies
On the eve of COP26, Africa Global Funds publishes a thoughtful and well- informed article by Martijn Proos and Mariana Graca of Ninety One. The authors discuss the COP agenda for raising infrastructure finance in emerging economies. They also look at the strengths and benefits of the EAIF/PIDG model of infrastructure finance. Click here to… Read more »
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.
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.
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.
PIDG Technical Assistance grant helps secure Benin power station project and Emerging Africa Infrastructure Fund loan of €27 million
Private Infrastructure Development Group (PIDG) company, the Emerging Africa Infrastructure Fund (EAIF), announced today (27th July) that it is progressing its due diligence as the sole lender to a €36 million, 25MW natural gas-fuelled power station project, to be built by the Nigerian company, Genesis Holdings, at Maria Gleta, near Benin’s capital of Porto Nova.… Read more »
Join the Emerging Africa Infrastructure Fund’s Paromita Chatterjee for key issues webinar
On 22nd July, Investment Director at Ninety One’s EAIF team, Paromita Chatterjee, will be a panellist on Africa Global Fund’s webinar looking at fundamental issues in African infrastructure. To register for the event, which is free to Africa Global Fund’s subscribers, and for more details of speakers, topics and time please visit https://www.africaglobalfunds.com/shop/product/infrastructure-development-in-africa-an-attractive-opportunity-or-a-complex-challenge/
The challenges of funding power and water projects in Africa
On 6th November 2019 a specially invited group of 80 senior executives representing the water and energy sectors, financial institutions and the public sector gathered in Rwanda’s capital of Kigali to address infrastructure funding in Africa, with the focus on water and energy. Infrastructure has been identified as the biggest single barrier to sustained economic… Read more »
Sinenhlanhla Zulu talks about her work at EAIF
Sinenhlanhla Zulu is a core part of the Emerging Africa Infrastructure Fund (EAIF) team working on multi-million dollar infrastructure transactions. Martin Roche interviewed her about her work and the impact of EAIF-backed projects. Sinenhlanhla Zulu is an Investment Specialist at Investec Asset Management*, EAIF’s managers, and one of 13 women in a team of 26.… Read more »
EAIF: working with business to build stronger African economies
The Emerging Africa Infrastructure Fund (EAIF) has developed a new PowerPoint presentation for use in new business development, seminars and conference platforms. The presentation explains EAIF’s mission, structure and role, how it is funded and the role of PIDG and Investec Asset Management. Three case studies of recent EAIF projects are featured, in transport, water… Read more »
EAIF lends €40 million for new port facilities at Owendo Port to support Gabon Special Economic Zone
PIDG company, the Emerging Africa Infrastructure Fund (EAIF) today, 5 August, announced that it has arranged the long-term debt finance for a €305 million new port development by Gabon Special Economic Zone Ports (GSEZ Ports) at Owendo, Gabon. Financial close reached Development at core of national diversification strategy EAIF mandated lead arranger & first project… Read more »
An independent view
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 »
PIDG companies reach financial close on major solar power plant in Mali
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 »
UK government announces up to£500 million of new funding to PIDG
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-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 »
PIDG plays a unique role in delivering innovative infrastructure solutions
Click on the link to watch PIDG CEO, Philippe Valhau talk about how PIDG transforms lives.
EAIF Executive Director joins distinguished panel at British Academy event
EAIF Executive Director, Emilio Cattaneo, joins distinguished panel at British Academy event on overcoming challenges to sustainable development.
EAIF’s first project in Mali wins African Utility Week award
PIDG company Emerging Africa Infrastructure Fund’s first project in Mali wins African Utility Week award – 7th award for an EAIF project this year
EAIF announces 2017 impact results
Read EAIF’s development impact results in the Private Infrastructure Development Group’s (PIDG) 2017 Annual Review.
Three more awards go to projects backed by the EAIF
Three more awards go to projects backed by the Emerging Africa Infrastructure Fund, a company of the Private Infrastructure Development Group
PIDG companies GuarantCo and EAIF arrange finance for LPG storage facility in Ghana
Ghana – May 10, 2018 – PIDG company GuarantCo has signed a deal with Quantum Terminals to support the operations of Quantum’s LPG storage business in Ghana.
EAIF-backed Kigali water project wins Water Deal of the Year award
In an online vote of water industry professionals from across the world, the 2018 World Water Summit, “Water Deal of the Year Award” went to Kigali Water Limited (KWL).
EAIF raises US$385 million in new debt financing to drive five-year business plan
The Emerging Africa Infrastructure Fund (EAIF), managed by Investec Asset Management (IAM), today announced that it has successfully completed its latest fundraising round, raising US$385million in new long-term debt capital to invest in Africa. The new funds will be used over the next five years to continue EAIF’s core strategy of mobilising private sector capital… Read more »
EAIF project wins IJGlobal African Water Deal of the Year award
In Kigali, Rwanda, Kigali Water Limited (KWL), is to build the first bulk surface water supply public private partnership in sub-Saharan Africa.
Emerging Africa Infrastructure Fund leads and closes financing of €78 million 50MW in Akuo Energy’s solar plant in Mali
The Emerging Africa Infrastructure Fund (EAIF), which is part of the Private Infrastructure Development Group (PIDG), and Akuo Energy, the leading French green IPP, today announce the signing of financing of the Akuo Kita Solar power plant, to be built at Kita in southern Mali.
Emilio Cattaneo promotes EAIF model at global legal firm’s London infrastructure finance conference
Emerging Africa Infrastructure Fund Executive Director, Emilio Cattaneo, was one of four panel speakers at a conference held by the worldwide legal practice, DLA Piper, jointly with risk advisory specialists FTI Consulting, in London on 29th November.