News and Media
Development set to reduce heavy fuel oil use, improve gas supply security, cut energy generation costs and significantly cut Co2 and sulphur dioxide emissions PIDG company, the Emerging Africa Infrastructure Fund (EAIF) is lending US$31 million over 10 years to Access LNG B.V., a provider of specialist floating LNG infrastructure, to support the construction of… Read more »
Private Infrastructure Development Group (PIDG) company, the Emerging Africa Infrastructure Fund (EAIF) invested XOF* 8.3 billion (cUS$15 million) in a local currency capital market bond issue by Senegal’s Port Autonome de Dakar (PAD), the owner of the Port of Dakar. The bond raised over XOF60 billion (US$107million). The issue marks the start of the process… Read more »
The global pandemic is holding back Africa’s essential infrastructure development. Some creative private sector and multilateral solutions promise to ease the crisis.
Digital cross-borders economic development boost for Africa as EAIF backs expansion by West Indian Ocean Cable Company (WIOCC)
EAIF provides US$40 million of US$100 million debt package
Richard Ndem writes in African Business about the success of the recent Sonatel bond issue and the role of the Emerging Africa Infrastructure Fund. Click here to read the story.
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 »
Paromita Chatterjee, an Investment Director at EAIF’s managers, Ninety One, was one of a distinguished panel of experts taking part in an African Global Funds webinar on 22 July.
EAIF anchored Helios Towers’ recent bond issuance, playing a leading role in pushing ESG initiatives and greening the network.
EAIF anchors Sonatel’s XOF 100 billion bond issue to support investment in Senegal’s telecommunications infrastructure
Private Infrastructure Development Group (PIDG) company, the Emerging Africa Infrastructure Fund (EAIF/the Fund) is to invest up to XOF*29.5 billion (US$50 million equivalent) in a bond issue that aims to raise XOF100 billion (US$170 million) for investment in the Senegal business of Sonatel S.A, a West African telecommunications company. Sonatel’s bond, which was launched on… Read more »
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 success of the HTA bond issue demonstrates the value of the EAIF/PIDG business model in African economic development,” says EAIF fund managers
In 2019, PIDG committed $479m to infrastructure projects in the energy, water, transport, housing and manufacturing sector, enabling access to life-changing infrastructure for 6.8m people, and creating 700 long-term jobs and 11,000 short-term jobs.
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 »
EAIF appointed joint mandated lead arranger for $US30 million debt finance package for Tembo Power’s “flagship” hydro power plant in Kenya
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 »