African Development Bank Group grants US$100 million loan to Emerging Africa and Asia Infrastructure Fund (EAAIF)

The African Development Bank Group is boosting sustainable infrastructure development across Africa through a new US$100 million loan to the Emerging Africa and Asia Infrastructure Fund (EAAIF). The financing, approved by the Board of Directors, will enable the Fund to attract private investment and support projects in renewable energy, digital connectivity, transportation, and other key sectors that promote inclusive growth and climate resilience.

EAAIF is a Private Infrastructure Development Group (PIDG) company, managed by the investment firm Ninety One. The Bank’s loan will enable the Fund to continue mobilising private capital for impactful projects that expand access to essential services and drive sustainable economic transformation across Africa. The operation forms part of EAAIF’s broader debt-raising programme, which aims to secure US$300 million of long-term financing in 2025 and invest more than US$850 million in infrastructure across Africa and Asia by 2027. It is the fourth such loan that the African Development Bank has provided to the Fund.