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News and Media

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 »

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 »

Martijn Proos interviewed by CNBC Africa

Martijn Proos was interviewed on CNBC Africa about the A2 credit rating EAIF received from Moody’s. “EAIF and PIDG would like to be the gateway to the African infrastructure asset class for institutional investors […]. The rating that we obtained by Moody’s will help them to understand our business and the credit profile,” he said.… Read more »

EAIF secures A2 credit rating from Moody’s

Private Infrastructure Development Group (PIDG) company, the Emerging Africa Infrastructure Fund (EAIF or The Fund), today announced that Moody’s has assigned EAIF a foreign currency long-term issuer rating of A2 with a stable outlook. EAIF mobilises public and private debt capital to deliver transformative infrastructure in sub-Saharan Africa. Since its establishment in 2001, up to… Read more »

EAIF supports its 10th Uganda renewable energy project with US$10.6 million loan

The Private Infrastructure Development Group’s (PIDG) Emerging Africa Infrastructure Fund (EAIF) is providing a US$10.6 million loan over 17.0 years to Serengeti Energy, the developer of the Nyamwamba ll 7.8MW run-of-the-river hydroelectricity plant in the Kasese District of Western Uganda. A 20-year Power Purchase Agreement will see all the energy produced by the plant sent to… Read more »

PIDG’s Emerging Africa Infrastructure Fund anchors US$420 million bond issue by telco founded and grown in Africa

Private Infrastructure Development Group (PIDG) company, the Emerging Africa Infrastructure Fund (EAIF) was an anchor investor in a successful bond issue by African telecommunications and digital company Axian Telecom that raised US$420 million. EAIF has invested US$20 million in the bond, scaled back from an original commitment of up to US$40 million, following strong private… Read more »

EAIF backs 40MW Kesses solar project in Kenya with US$35 million loan

EAIF has now supported green electricity generation in nine countries.

Financial close for first Mozambique utility scale renewables project with battery storage supported by PIDG company Emerging Africa Infrastructure Fund

First utility battery storage project for Mozambique PIDG TA provides Viability Gap Funding grant   A 19MW solar electricity plant to be built in the Niassa province of Mozambique reached financial close on 20th December.  The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company is the sole lender and will provide… Read more »

PIDG grants US$500,000 to financial regulator to accelerate West African capital markets reforms and promote new sustainable financial instruments

Local bond issue experience by PIDG company Emerging Africa Infrastructure Fund results in capabilities boost for regulator.

Invitation to Tender – EAIF Communications Adviser

The Emerging Africa Infrastructure Fund (EAIF) is a public private partnership that is at the forefront of debt financing in the infrastructure project sector in Africa and a leading player in the drive for sustainable development impact in African infrastructure construction and operations. EAIF is a member of the Private Infrastructure Development Group. Established by… Read more »

Pioneering Djermaya Solar project attracts new lenders to Chad

Paris, France: InfraCo Africa, part of the Private Infrastructure Development Group (PIDG) is pleased to announce the participation of its sister PIDG company, the Emerging Africa Infrastructure Fund (EAIF) alongside the African Development Bank (AfDB), and Proparco as senior lenders to the 34MW Djermaya Solar project in Chad (also including a 4MWh battery system). AfDB… Read more »

COP26 Aims to Tackle Infrastructure Financing in Emerging Economies

On the eve of COP26, Africa Global Funds publishes a thoughtful and well- informed article by Martijn Proos and Mariana Graca of Ninety One.  The authors discuss the COP agenda for raising infrastructure finance in emerging economies. They also look at the strengths and benefits of the EAIF/PIDG model of infrastructure finance. Click here to… Read more »

Big scale infrastructure developments like new ports create opportunities for advanced climate change management policies

By Roland Janssens Roland Janssens is a Director at Ninety One, managers of the Emerging Africa Infrastructure Fund In late October 2020, EAIF announced it had supported a successful, locally-issued, bond offered by Senegal’s Port Autonome de Dakar (PAD), the owner of the Port of Dakar. The bond raised XOF60 billion* (US$107million) and will fund… Read more »

Private Infrastructure Development Group company Emerging Africa Infrastructure Fund releases three minute animated film

  A three minute animated film has been released that explains what the Emerging Africa Infrastructure Fund (EAIF) does, how it is funded, its track record and the benefits it offers infrastructure developers in Africa. EAIF, a member of the Private Infrastructure Development Group (PIDG) provides long-term debt to mainly private infrastructure projects in Africa. … Read more »