News and Media
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 »
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 »