News and Media
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 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.
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 »
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 »
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 »
Investment Monitor magazine’s Jason Mitchell asks if Africa’s insufficient road and rail network is delaying the continent’s development, but efforts to resolve the situation are being held back by worries about environmental damage. The Emerging Africa Infrastructure Funds’s Roland Janssens was interviewed for the report. You can read the full story by clicking on the link below. https://investmentmonitor.ai/business-activities/infrastructure/africa-road-rail-environmental-concerns—… Read more »
Can $100 billion in green finance be raised annually to help emerging economies fight climate change?
Project finance for infrastructure in emerging economies is one of the central issues of the upcoming COP26 agenda. For the Emerging Africa Infrastructure Fund (EAIF) and its parent organization, the Private Infrastructure Development Group (PIDG), the event is likely to bring considerable global focus on what it does and how it does it. In the… Read more »
PIDG company, Emerging Africa Infrastructure Fund, lending €25 million to Côte d’Ivoire clean energy hydro-electricity project
The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, is lending €25 million over 18 years 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. Financial close is expected in late Q3 2021. The… Read more »
Ninety One requires the service of an independent environmental social consultant to draft the Annual Environmental and Social Performance Report (the “performance report”) for the Emerging Africa Infrastructure Fund (“EAIF”). The Request For Proposal details the scope of work. Proposals shall be submitted no later than 16 July 2021.
On 14th June, Mozambique’s Minister of Mineral Resources and Energy, Dr Ernesto Max Tonela, was the official guest at a ground-breaking ceremony to mark the beginning of work on a new 15MW solar electricity plant in the Tetereane District of the city of Cuamba. Financial close is expected shortly, when the Private Infrastructure Development Group (PIDG)… Read more »