Projects

CET

Ciments de l’Afrique

Temane

Akuo Kita

Sonatel

Helios Towers

West Indian Ocean Cable Company

Estimated to hold 20% of the African connectivity market, the West Indian Ocean Cable Company (WIOOC) provides end-to-end international connectivity within and around the African continent. It operates a fully integrated submarine and terrestrial fibre-optic network that extends to 55,000km of terrestrial fibre interconnecting 550 locations across Africa.

Helios Towers

As Covid-19 slowed the global economy in July 2020, Helios Towers Africa, a subsidiary of Helios Towers plc (HT) launched a bond offer on the London market. EAIF was an anchor investor in the bond and had committed up to US$60 million to the issue.

Azito Energie

In late January 2020 financial close was reached on the €330 million expansion of the Azito Energie gas-fired power station in Côte D’Ivoire. Known as Azito 4, the additional 253MW capacity being installed at the plant will bring its output up to 710MW, representing 30% of Cote D’Ivoire’s installed generating capacity.

Guinea Alumna Corporation

The Guinea Alumna Corporation (GAC) plays a central part in the economy of Guinea, which is one of Africa’s poorest nations. The company mines bauxite – a rock that is the world’s main source of aluminium. GAC is developing a new facility in Guinea that will produce 12 metric tonnes of bauxite annually. 462 new permanent jobs have been created to date. 4,384 people were employed in the construction phases of the project.

Zimbabwe

Zimborders

Kikagati Power Company Limited

Indorama

Azito Energie

Kigali Water Limited

The announcement in 2017 of the project financing of Kigali Water Limited (KWL) was hailed as a landmark moment in Rwanda’s social and economic development. The country aims to bring clean, fresh, safe water to all of its 12.4 million people over the next few years.

Nachtigal Hydro Power Company

Indorama Eleme Fertiliser and Chemicals Ltd

Construction of a 1.4m MTPA nitrogenous fertiliser complex in Port Harcourt, Rivers State, Nigeria

Quantum

Construction of 13.6MT LPG storage terminal

Kigali Water

Construction of 40,000mᶟ/day bulk water production facility

Akuo Kita

Construction of a 50MWp solar PV power plant

CTRG

Refinancing of Sasol Bridge loan for the 175MW gas fired power plant

Tronderpower Ltd

Refinancing of the13MW Bugoye hydro power plant

Mocuba Solar Power

Construction and operation of a ground mounted single axis tracking PV plant with a capacity of 40.5MWp

Tobene II

Adding a further 19 MW engine to the existing 96MW Tobene I Plant in Senegal

Albatros Energy

Construction and operation of a 90 MW HFO Thermal Power Plant near the city of Kayes in the Western region of Mali

Eleme Fertilizer & Chemicals

Upsizing of existing exposure to the transaction, due to the inability of a local lender to meet its dollar obligations to the project

Helios Towers Africa

Bond issue for the refinancing of existing debt and construction of additional telecom towers

AREF – Achwa HPP2

Construction of the 42MW ARPE Hydro Power Plant II, in Gulu, Uganda.

IHS Nigeria

EAIF was anchor investor to a US$800m maiden bond for IHS, to expand its telecom towers business in Nigeria.

CEC Africa

Construction and operation of a 57MW Heavy Fuel Oil (“HFO”) power plant and associated fuel pipeline

DI Frontiers – Siti 2

Construction and operation of a 16MW run of the river Hydro Power Plant (“HPP”)  in the Mount Elgon region of eastern Uganda

Building Energy – Tororo Solar

Construction and operation of a 10 MW Solar PV power plant in the district of Tororo in Eastern Uganda

Helios Towers DRC

Acquisition of >900 telecom towers from Airtel. Debt facility for acquisition, refurbishment and expansion of the tower network

DI Frontiers – Lubelia

Construction and operation of a 5MW run of the river Hydro Power Plant (“HPP”) in the Kasese region of western Uganda

O3B Upsizing

The procurement and launch of 4 further satellites and the procurement of a further 4 satellites as ground based “spares”

Access Uganda Solar

Construction and operation of an 8.5MW solar PV power plant in the Soroti Region, Uganda

Nyumbia Ya Akiba

Construction of a 1.18Mtpa plant to be located 200km from Kinshasa, DRC

Feronia

The re-development of Plantations et Huileries du Congo S.A. a 104 year old palm oil business in the DRC

Kenmare Moma

Construction and operation of a Greenfield mineral sands project (ilmenite, rutile, zircon) near Moma, Northern Mozambique

DI Frontiers – Siti 1

Construction and operation of a 6MW run of the river Hydro Power Plant (“HPP”) in the village of Chesowari, in the Mount Elgon region of eastern Uganda

Eaton Towers Ghana

Acquisition of >400 telecom towers from Airtel. Debt facility for acquisition, refurbishment and expansion of the tower network

Helios Towers Congo B

Acquisition of >400 telecom towers from Airtel. Debt facility for acquisition, refurbishment and expansion of the tower network

Helios Towers Chad

Acquisition of >400 telecom towers from Airtel. Debt facility for acquisition, refurbishment and expansion of the tower network

Nyumba Ya Akiba cement plant

Construction and operation of a 1.18Mtpa plant to be located 200km from Kinshasa, DRC

Azura-Edo IPP

Construction and operation of a 459MW gas-fired power plant in Benin, Nigeria. EAIF provided US$ 20m senior debt and US$ 10m mezzanine debt.

KLPC

Kenya Power and Lighting Company was able to invest US$150 million upgrading, extending and maintaining its electricity transmission and distribution system. The company retails power to all sectors of the Kenyan economy and across the country.

CenPower

Producing 340MW of power, the Kpone combined cycle power plant represents a significant addition to Ghana’s generating capacity and its ability to expand its economy.

Seven Energy

EAIF participated as anchor investor in a US$400m bond issue to finance the construction of gas pipelines in the Niger delta.

Tobene Power

Construction and operation of a 96MW HFO fired power plant in Senegal.

Ciprel

Enabling the expansion of Ciprel Power Plant in Cote D’Ivoire from 432MW to 543MW

Helios Towers

Helios Towers Tanzania Ltd raised US$100 million in 2014 to acquire 1,000 telephone towers from Vodacom Tanzania Ltd. EAIF provided a US$10 million loan to the financing for refurbishment and expansion of the tower network.

AFL Expansion

Purchase and installation of plant and equipment to commence the production of high quality “TMT” BS4449 billets and rebars

Smart Energy Solutions

Smart Energy Solutions (SES) operates a fleet of mobile electricity generators. In 2014, The Emerging Africa Infrastructure Fund loaned the business US$20 million to support its purchase of 40MW of new capacity and grow its business.

Gigawatt Global Rwanda Ltd

Gigawatt Global’s 8.5 MW solar PV power plant in Agahozo Shalom Youth Village, a joint venture with an orphanage, was financed, constructed and brought on stream in little more than a year.

Helios Towers

Funding for the acquisition of >700 telecom towers from Millicom DRC Ltd. Debt facility provided for refurbishment and expansion of the tower network.

Indorama Eleme Fertiliser and Chemicals Ltd

At Port Harcourt, the Indorama Corporation and Indorama Eleme Petrochemicals have built a US$1.2 billion complex to produce 1.4 million tonnes of nitrogenous fertiliser annually. EAIF supported the project with a US$30 million loan.

Azito Energie

Finance was sought to expand Azito Energie’s power station in Cote D’Ivoire from 283MW to 428MW.

Ethiopian Airlines

EAIF supported Ethiopia’s national airline with a US$30 million loan as part of the funding package for 10 new Boeing 787 ‘Dreamliner’ aircraft. All 10 aircraft are now in service.

Tunisia Steel Pipes

Construction of greenfield steel pipe manufacturing company in Tunisia

TAQA

Ghana’s Takoradi 110MW simple cycle power plant has been expanded to a 330MW combined cycle thermal plant at a cost of US$356 million, including a US$15 million loan from EAIF.

SAEMS II

Increase in corporate facilities to finance the development of SAEMS’s 2nd hydro power project in Uganda

Kalangala Infrastructure

Kalangala is the capital of Bugala Island, the largest of the Sesese Islands on Uganda’s Lake Victoria. EAIF has loaned US$7 million to develop power and water infrastructure on the island, and to modernise land and water transport.

Helios Towers Tanzania

Acquisition of >1,000 telecom towers from Millicom Tanzania Ltd. Debt facility for refurbishment and expansion of the tower network

KivuWatt Ltd

The development of an integrated methane gas to power project in Rwanda utilising Lake Kivu’s unique methane gas resources. The project consists of a gas extraction facility plus a 25MW power plant.

Addax Bioenergy

The development of a sugarcane plantation and an ethanol distillery producing 82,000m³ of ethanol p.a. and a 32MW cogeneration power plant.

Tower Power Abeokuta Ltd

A US$15million loan from EAIF supported Tower Power’s 2011 US$21.30 million project at Abeokuta in Nigeria. The company’s new 12.5MW electricity generating plant uses local gas previously flared off and wasted.

DPW Dakar

DP World operates 65 ports on 6 continents. Its facility at Dakar is one of the first large public/private partnerships in Senegal. EAIF supported DP World’s Dakar total investment of €216m to upgrade and expand the container terminal with a €12.5m loan.

Ob3

Facilitated satellites and ground facilities to deliver fibre quality broadband communications services to emerging markets.

Tema Osonor Power Ltd

Construction of a 126MW gas-fired power plant in Tema, Ghana

ALAF

As part of a US$35 million factory construction project, EAIF made a US$ 5 million senior debt facility available to ALAF. The company now has a facility capable of producing 70,000 tons of metal roofing products annually.

African Foundries Ltd

Construction of 150,000 MT p.a. rolling mill that will produce TMT rebars in Nigeria

Helios Towers Nigeria

Corporate facility for the expansion of Helios Towers network in Nigeria

Bisha Mining Share Company

Construction and operation of the first modern gold and copper mine in Eritrea

Zain Ghana

Construction and operation of a Greenfield mobile network in Ghana

Aldwych International

Round B equity and high yield debt financing for start-up power plant developer Aldwych International

Orpower 4

Expansion of the Olkaria III Geothermal power project to 48MW

SAEMS

Construction facility for a portfolio of 12 small hydro power plants in Sri Lanka and Uganda

Rabai Power Project

Construction of a 90MW HFO fired power plant in Kenya

Tronderpower Ltd

Construction of a 13MW run of river hydro power plant in Uganda

Safal Investments

Construction of 150,000MT p.a. greenfield rolling mill and galvanising plant at Durban and expansion of processing facilities in a number of Eastern & Southern African countries

Seacom

Debt financing for equity participation of IPS Kenya (AKFED) in Seacom, the first submarine fibre optic cable along the Eastern coast of Africa

Celtel Nigeria

Corporate facility for the expansion  of GSM in 5 African countries

Eleme Petrochemicals

Financing of a post privatisation turnaround program for a petrochemical plant in Nigeria.

Celtel Nigeria

Corporate facility for the expansion of Celtel’s GSM network in Nigeria

Obajana Cement

Construction & commissioning of a Greenfield cement production plant with a capacity of 4.4 million tons per annum in Nigeria

MTN Nigeria

Corporate facility for the expansion of MTNs GSM network in Nigeria.

SPM Ghana

Financing of a Single Point Moor system and a conventional buoy mooring system in the waters outside Tema Port, Ghana

MOMA

Construction and operation of a Greenfield mineral sands project (ilmenite, rutile, zircon) near Moma, Northern Mozambique

AES Sonel

Construction of an 85MW HFO fired power plant in Cameroon; in 2006 the facility was increased to EUR 240 million and EAIF acted as a co-lender

MSI-Cellular / Celtel

Expansion of a GSM network across selected countries in Africa