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London – 23 January 2024 The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, today announced a commitment of XOF 23.5 billion to a XOF 75 billion receivables-backed bond issued by securitisation vehicle Fonds Commun de Titrisation de Créance (FCTC), to support Sonatel’s expansion, modernisation and digital transformation plan in Senegal,… Read more »

Private Infrastructure Development Group (PIDG) company, the Emerging Africa Infrastructure Fund (EAIF), has successfully raised $294 million of additional debt facilities, achieving over half of the Fund’s target to raise $500 million by 2025. The finance facilities demonstrate the Fund’s ability to mobilise private sector debt in one of the largest capital raises in recent… Read more »

EAIF ACTS AS CORNERSTONE INVESTOR TO ANCHOR ZAMBIA’S FIRST GREEN BOND

The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group Company (PIDG), has committed to de facto underwrite US$50m of Zambia’s first US$53.5m green bond, to finance key solar infrastructure and support diversification of the country’s energy sector. EAIF acted as the cornerstone investor of the bond issued by CEC Renewables (CECR), an affiliate… Read more »

EAIF PROVIDE US$30 MILLION TO AXIAN ENERGY

The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, has committed a US$ 30 million senior secured loan facility to AXIAN Energy, as part of the company’s expansion plan to deliver more than 460 Megawatt (MW) of utility-scale renewable energy generation capacity across Africa over the next decade. Established in 2001… Read more »

EAIF commits c. USD 19 million senior secured debt for 20MW solar PV power project in north-western Uganda

The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, has committed c. USD19 million to a new 20MW solar PV project designed to provide clean, affordable energy for one of the most remote and underserved regions in north-western Uganda. The financing was concluded during COP28 and advances progress towards the goals… Read more »

EAIF EXTENDS €46 MILLION TO ESTABLISH AFRICA’S FIRST FULLY ELECTRIC BUS SYSTEM IN SENEGAL, THE NEXT GENERATION OF URBAN MOBILITY IN AFRICA

The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, has committed €46 million ($50 million equivalent) to launch Africa’s first fully electric public bus network in Senegal’s capital, Dakar. The Dakar Bus Rapid Transit (BRT)  establishes a new benchmark for sustainable public transport in Africa and showcases the future of decarbonised… Read more »

EMERGING AFRICA INFRASTRUCTURE FUND AND NINETY ONE COMMIT US$31 MILLION TO PARATUS GROUP IN BOOST TO CONTINENTAL CONNECTIVITY

Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, and its fund manager, Ninety One, have committed a US$31 million debt facility to Paratus Group Holdings Limited (Paratus) to finance the expansion of its fibre and data centre business over the next three years. Ninety One acted as the mandated lead arranger… Read more »

EAIF COMMITS UP TO XOF 30 BILLION TO LAUNCH WEST AFRICA’S FIRST SOCIAL ASSET-BACKED SECURITY, TARGETING 100% ELECTRIFICATION IN CÔTE D’IVOIRE

The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, has committed up to XOF 30 billion (equivalent to USD ~ 48 million) to launch West Africa’s first ever social asset-backed security.

Martijn Proos interviewed by CNBC Africa

Martijn Proos was interviewed by CNBC Africa discussing the financing energy projects and distribution infrastructure in context of a challenging macroeconomic environment. “We are still quite active. Renewable energy that we support is still by far the lowest cost energy solution for many countries in Africa. Despite high interest rates… we are structuring smart financial… Read more »

EAIF PROVIDES EUR 46 MILLION TO BRING STRATEGIC ROAD, A1 MOTORWAY, “AUTOROUTE DE L’AVENIR”, TO FINANCIAL CLOSE

London, 27 September 2023 – The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, has committed EUR 46 million for the extension and upgrade of the A1 motorway, the first toll motorway in Western Africa built under a public-private partnership (PPP) scheme. The project aims to boost economic productivity, progress the… Read more »

Pioneering Cuamba solar project begins supplying energy to the national grid of Northern Mozambique

Central Electrica de Tetereane’s (CET) 19 MWp solar plant in Cuamba, Mozambique, financed by the Private Infrastructure Development Group (PIDG) company, Emerging Africa Infrastructure Fund (EAIF) with a $19 million loan, is now operational. The facility, inaugurated in the presence of H.E. Filipe Nyusi, President of the Republic of Mozambique, supplies clean power to Niassa… Read more »

EAIF EXTENDS €35 MILLION TO BRING PIONEERING 46MW BIOMASS POWER PLANT IN CÔTE D’IVOIRE TO FINANCIAL CLOSE

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 »

EAIF COMMITS EUR11.5 MILLION TO WEST AFRICA’S FIRST PROJECT-FINANCED SOLAR PV + BATTERY ENERGY STORAGE SYSTEM PROJECT IN SENEGAL

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