News and Media


The global pandemic is holding back Africa’s essential infrastructure development. Some creative private sector and multilateral solutions promise to ease the crisis.

Sonatel bond issue featured in African Business

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 »

Africa Global Funds webinar

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.

Why investors care that greener towers are safer towers

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 »

Join the Emerging Africa Infrastructure Fund’s Paromita Chatterjee for key issues webinar

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

EAIF anchors successful bond issue by African telecommunications business, Helios Towers

“The success of the HTA bond issue demonstrates the value of the EAIF/PIDG business model in African economic development,” says EAIF fund managers

PIDG 2019 Annual Review published – 8 projects for EAIF

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.

World Day for Safety and Health at Work

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 »

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 »