Private Infrastructure Development Group (PIDG) company, the Emerging Africa Infrastructure Fund (EAIF), has successfully raised US$294 million for additional debt facilities, achieving over half of the Fund’s target to raise $500 million by 2025.
The Emerging Africa Infrastructure Fund (EAIF) provides long-term US$ or EUR denominated debt or mezzanine finance on commercial terms to finance the construction and development of private infrastructure in 47 countries across sub-Saharan Africa. It was established in January 2002 and is focused on investing across various infrastructure assets, including those aligned with the energy transition, low-carbon economies, and energy-efficient smart cities.
Backed by prominent financial institutions, the package unlocks fresh capital to advance EAIF’s strategic, operational, and financial capabilities – enabling its investment portfolio to expand and meet rising opportunities in frontier and developing economies. Allianz Global Investors led the financing on behalf of Allianz Group, committing a further EUR75 million (US$80.87 million) and US$50 million to EAIF. Standard Bank provided a US$75 million multicurrency revolving credit facility with sustainability-linked features and a US$25 million sustainability-linked term debt facility. KfW, the German state-owned development bank, committed a further EUR60 million (US$64.7 million) loan to EAIF.
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