News and Media


Private Infrastructure Development Group (PIDG) company, the Emerging Africa Infrastructure Fund (EAIF) has signed a Master Cooperation Agreement (MCA) with the International Finance Corporation (IFC). Signed on 18th March 2020, the MCA will come into operation when the IFC is the mandated lead arranger of the debt package for an infrastructure project involving the two… Read more »


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 »

Number of women in the workforce at EAIF-backed Rwanda project higher than comparable UK and Australia figures

Writing last year in the UK construction industry magazine, “Building”, Simon Rawlinson, a member of the UK Construction Leadership Council, reported that the female share of the construction industry workforce in UK has been stuck at around 14% for over 20 years. Most of that 14% are office based, with just 2% working on site.… Read more »

EAIF’s €36 million loan to the new Atinkou power station in Côte d’Ivoire is boost for growing economy

The financing of a new 390MW natural gas-fired power plant for Côte d’Ivoire was announced this week. EAIF has contributed €36 million to a €303 million financing packaging, which was arranged by the International Finance Corporation (IFC), to build the new Atinkou facility. Total project cost is €404 million. Atinkou is forecast to encourage new… Read more »

EAIF closed 2019 with eight transactions strengthening economic development in 7 African countries

The Emerging Africa Infrastructure Fund (EAIF) saw its loan portfolio grow by 16% in 2019. It expects its portfolio value to reach and exceed the US$1 billion barrier during 2020. In 2019 it made US$242 million of new loan commitments in projects in Gabon, Ghana, Guinea, Côte d’Ivoire, Kenya, Mozambique and Uganda. Eight projects were signed.… Read more »

EAIF lends €28 million to Azito Energie’s power plant expansion in Côte D’Ivoire as project reaches financial close

The Emerging Africa Infrastructure Fund (EAIF), a member of the Private Infrastructure Development Group (PIDG), is lending €28 million to a €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… Read more »

UK-Africa Investment Summit 2020

PIDG and PIDG companies were promoted as successful long-term champions of blended finance at the UK-Africa Investment Summit 2020, held in London on 20th and 21st January. Click on the link below to see a film of the work of the Emerging Africa Infrastructure Fund and other PIDG businesses.

PFI magazine’s Global Yearbook 2020 names EAIF-backed project in Guinea, Multilateral Deal of the Year

The prestigious Thomson Reuters publication, Project Finance International (PFI) has published its Yearbook for 2020. It names Guinea Alumina Corporation’s (GAC) US$750 million development of port, rail and mining infrastructure as Multilateral Deal of the Year.

EAIF lends US$30 million to Kenmare Resources plc

Project supports Mozambique economic development, securing nearly 1,400 jobs EAIF lending US$30 million of US$145 million transaction Local economy to benefit from new road, causeway and energy infrastructure 7000 tonne earth-moving machine to be moved 20km on self-propelled transporter The Emerging Africa Infrastructure Fund (EAIF) is lending US$30 million to Kenmare Resources plc as part… 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 »

An in-depth look at blended finance at work

Alternative Energy looks in-depth at the Private Infrastructure Development Group and its companies. Three recent EAIF projects feature to illustrate blended finance at work. Click here to read the full article starting on page 28.  

EAIF Executive Director visits Ghana with United Kingdom development finance delegation

The Emerging Africa Infrastructure Fund’s Executive Director, Emilio Cattaneo, was a member of a high-level British delegation that visited Ghana at the beginning of October. Parliamentary Under Secretary of State at the Department for International Development (DFID), Baroness Sugg, and Conservative Member of Parliament, Adam Afriyie were accompanied by senior officials from DFID. A senior… Read more »

Nairobi student accommodation note is first affordable housing transaction for the EAIF

PIDG company, the Emerging Africa Infrastructure Fund (EAIF/the Fund) announced on 4th October that it has completed its first project in affordable housing in Africa. It is also its first transaction denominated in local currency, the Kenyan Shilling (KES). EAIF anchor investor in note issue First ever green bond issue in Kenya 5000 students to… Read more »