News and Media
The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, today announced that it had officially broke ground on the pioneering 46MW biomass power station in Ayebo, Côte D’Ivoire, bringing clean power and a more diverse energy mix to the region. EAIF has provided a €35m senior loan facility to develop a… Read more »
The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, has committed a EUR11.5m senior secured loan to develop the first project-financed solar PV plant and battery energy storage system (BESS) in West Africa, located in Bokhol in the north of Senegal. The Walo facility will be a 10MW/20MWh BESS supplied by… Read more »
EAIF PROVIDES $30 MILLION COMMITMENT TO EASTCASTLE INFRASTRUCTURE
Drives digital transformation and growth of DRC’s mobile network market
40 MW Kesses solar facility becomes operational in Kenya
Private Infrastructure Development Group (PIDG) company, the Emerging Africa Infrastructure Fund (EAIF), the Standard Bank Group acting through Standard Bank of South Africa Limited, Stanbic Bank Kenya and their project partner, Alten Kenya Solarfarms (Alten), today announced that the 40 MW Kesses solar photovoltaic plant in Kenya is now operational.
Climate must be factored into land acquisition for infrastructure development – Wendy Mlotshwa
Land requirements for infrastructure and trade-offs Land is a complex and emotive topic in Africa; to understand it, one needs to grasp its ecological, cultural, cosmological, social, and spiritual importance, over and above its more obvious economic importance.
EAIF commits $33 million to Raxio Group in vital boost to Africa’s nascent data markets
The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, has committed a $33 million sustainability-linked debt facility to Raxio Group, a leading pan-African data centre developer and operator. The funding enables the design, construction, operation, and management of a series of high-impact data centres in seven countries across sub-Saharan Africa. EAIF… Read more »
Opinion | Gender-smart infrastructure must be delivered at scale
In an op-ed for fDi Intelligence, Sinenhlanhla (Sine) Zulu, Investment Specialist at The Private Infrastructure Development Group company, Emerging Africa Infrastructure Fund, advocates for gender-smart approaches to infrastructure design and urban planning.
Kigali PPP Docuseries
Martijn Proos featured in a docuseries which reviewed EAIF and Metito’s Kigali Bulk Water Supply Project in Rwanda. Martijn attributed the project’s success to the accommodating legal and regulatory framework created by the Rwandan government, as well as to the US$6.25 million PIDG Technical Assistance provided in Viability Gap Funding, which was “an essential part… Read more »
African Business Magazine: Should private companies play a role in Africa’s water sector?
Tom Collins reported on the potential for private investment to close Africa’s water infrastructure supply gap. In the article, Martijn Proos said it was important that African governments create the right legal and regulatory frameworks to enable more water PPPs on the continent. He expressed his optimism that we will witness more private sector participation… Read more »
Uxolo: Singrobo-Ahouaty: A small hydro IPP ripple effect in sub-Saharan Africa?
Paromita Chatterjee featured in an article by Clara Amorim, a reporter at Uxolo, on the feasibility for scaling hydropower IPPs in sub-Saharan Africa. Paromita explained the success of the Singrobo-Ahouaty project in detail, including how they allayed hydrology, currency, political and payment risk. She also advocated small, run-of-river hydropower projects as a way to provide… Read more »
EAIF commits €25 million to 44MW hydropower plant in Côte d’Ivoire
Private Infrastructure Development Group (PIDG) company, the Emerging Africa Infrastructure Fund (EAIF), today announced a €25 million finance facility to Ivoire Hydro Energy (IHE), which will build a 44MW hydro electricity generation plant on the Bandama River near the village of Singrobo in Côte d’Ivoire. EAIF’s long-term financing package enables IHE to achieve financial close… Read more »
African Business Magazine: Why isn’t Africa building enough bridges?
Ben Payton, a journalist at African Business Magazine, wrote an article examining why investment in crucial infrastructure such as bridges has been lacking in Africa. In the article, Paromita Chatterjee emphasised the role that bridges have in facilitating intra-African trade, and accordingly the need to crowd more private investment into the sector, as well as… Read more »
Moody’s rating will attract fresh investment to Africa, says Martijn Proos
Kanika Saigal, the business editor at The Africa Report, wrote a piece on the new investment opportunities that EAIF’s A2 credit rating will bring. Also featured was EAIF’s stance on oil and gas projects in Africa – the latter which Martijn Proos said they only invest in “after a lot of cost-benefit analysis” – and… Read more »
EAIF plans to raise $500 million
Anthony Osae-Brown, Nigeria Bureau Chief, Bloomberg, reported on EAIF’s plan to raise up to $500mn over the next 3 years to invest in infrastructure projects across the African continent. “The fund is banking on increased interest in Africa from investors looking for bigger returns than they can get in Europe and the US,” Osae-Brown wrote, noting… Read more »