News and Media


EAIF loans to infrastructure developers come with certain obligations, including meeting high standards of health and safety on construction sites and completed projects. Safety at work now includes measures to minimise danger to people from COVID-19. EAIF is part of  PIDG. Today, 28th April, is World Day for Safety and Health at Work. PIDG has introduced 12 PIDG… Read more »


Private Infrastructure Development Group (PIDG) company, EAIF has been appointed joint mandated lead arranger (JMDA) of the US$30 million debt finance package being raised by Tembo Power to build the Kaptis hydro-electric power plant in Western Kenya. EAIF, through its manager, Ninety One, will work alongside Finnfund as JMDA. Finnfund, like EAIF, is an impact… Read more »

PIDG CEO talks to African Business Magazine about energy infrastructure in Africa

EAIF is part of the Private Infrastructure Development Group (PIDG). In its mission to support infrastructure development, PIDG is strongly committed to sustainability. But, as CEO Philippe Valahu tells Dr Desné Masie, not all countries have the option of going to 100% renewable energy tomorrow. You can read the full interview with Philippe Valahu here.

The Emerging Africa Infrastructure Fund and Covid-19

The Emerging Africa Infrastructure Fund is closely monitoring developments across its project portfolio. It is a very fast moving situation in Africa as elsewhere. Infrastructure, particularly in the energy, water, telecommunications and food supply sectors is essential to the management of the coronavirus crisis. We are in touch with borrowers and other project stakeholders to… Read more »

EAIF’s Martijn Proos writes for world leading hydro power magazine

The March 2020 edition of International Hydro Power and Dam Construction carries a two page story by the EAIF’s Martijn Proos. He looks at hydro electricity projects EAIF has backed and calls for greater innovation by all parties in the sector to help meet the challenges of climate change. Click here to read the full… Read more »

EAIF signs Master Cooperation Agreement with the International Finance Corporation

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 »

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 »

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.