CONTACT US

  eaif@ninetyone.com

  

News and Media

During the visit to Côte d’Ivoire by Mr. Jean-Yves Le Drian, the French Minister for Europe and Foreign Affairs, Proparco and the Emerging Africa Infrastructure Fund (EAIF) have closed a 165M EUR project finance deal and 13M EUR grant to secure the financing of Biovea project in Ivory Coast, which will be the first biomass… Read more »

7th June 2021 – RenewAfrica, a leading publication covering intelligence on Africa’s renewable energy transition, today publishes a blog by Martijn Proos, a Director at Ninety One. In the blog, he looks at how the EAIF business model works and how the model can help Africa recover from COVID and contribute to managing climate change.

Housing a continent

In a special report on affordable housing in Africa, coordinated by AFFORD UK, New African magazine looked at the work of  EAIF and other PIDG companies. You can read the article here; https://newafricanmagazine.com/25921/  To read the whole report visit Housing a Continent

PIDG company Emerging Africa Infrastructure Fund’s 2020 review shows loan book topped US$1 billion for the first time

The Private Infrastructure Development Group’s (PIDG) long-term infrastructure debt business, the Emerging Africa Infrastructure Fund (EAIF) saw its loan book break through the US$1 billion mark in 2020. EAIF signed eight new projects, bringing the loan book value to US$1.04 billion.  The Fund committed $243 million in new loans to businesses in digital and telecommunications,… Read more »

Global Trade Review names EAIF-backed Zimborders project as a global Deal of the Year Award for “Optimism and Rehabilitation”

On 19th April, Global Trade  Review (GTR) magazine announced that had named the Zimborders project that is revitalising the Beitbridge border post between Zimbabwe and South Africa as one of its eleven worldwide “Deals of the Year”. PIDG company, the Emerging Africa Infrastructure Fund has loaned Zimborders, the private sector company that won the competition… Read more »

EAIF issues advisor tender for project in Kenya

EAIF will be appointing an independent technical advisor to act as Lender Technical Advisor for the appraisal and due diligence of the Homa Bay Biogas One Project. The Project is the first of a series of biogas plants, with a total feed-in generation capacity of 35 MW, using water hyacinth from Lake Victoria and sugar… Read more »

Liquid Telecom: Bond market better for growing operations

On 22nd March, reporter Mudiwa Gavaza of Business Day newspaper wrote about the investment plans of Liquid Telecommunications, which recently had a successful bond issue supported by PIDG company, the Emerging Africa Infrastructure Fund. Read the full story.

First green energy project in Burkina Faso for EAIF

EAIF lends €29 million to support the construction of 30MW solar plant to supply the national grid, marking the 20th clean energy project for EAIF.

Liquid Telecommunications bond offering is fourth recent digital and telecommunications financing by EAIF

The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, has committed to buy up to US$50,000,000 of a bond issue by Liquid Telecommunications, that is being launched on Monday 22rd February 2021. The bond (“The New Note Offering”) aims to raise US$600 million which will be used to refinance existing debt… Read more »

EAIF cited as model for institutional investors

“Institutional investors have become increasingly open to non-traditional, high yield investment opportunities as they grapple with low yield environments”, writes Lade Araba in a blog for the African Venture Capital Association (AVCA).  Allianz Global Finance investment in EAIF cited as prime example. To read the full article visit the AVCA website at the link below. https://medium.com/afri-spective-by-avca/institutional-investors-are-all-rational-but-theyre-not-the-same-306011f8a43b

PIDG company Emerging Africa Infrastructure Fund fills funding gap in Zimbabwe border crossing project set to stimulate trade and business investment

EAIF lends US$44 million in senior and junior debt Comprehensive modernisation of the entire border post Typical waiting times set to fall from 39 hours to three hours Community to benefit from infrastructure transfer The Emerging Africa Infrastructure Fund (EAIF), part of the Private Infrastructure Development Group (PIDG) is lending US$43.7 million to a US$296… Read more »

EAIF lends US$ 31 million to Access LNG for its innovative Floating LNG regasification facility in Ghana

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 »

EAIF supports local currency bond issue as Senegal’s national port of Dakar begins move to new enterprise zone location

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 »

Article: Development Lenders Plug Gap

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