Emerging Africa Infrastructure Fund secures US$100 million loan from AfDB

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Emerging Africa Infrastructure Fund secures US$100 million loan from AfDB

In a bid to reduce the huge infrastructure financing gap in Sub-Saharan Africa, the African Development Bank has approved US$100 million to The Emerging Africa Infrastructure Fund (EAIF), a public private partnership company.

Through a US$325-365 million debt raise, EAIF intends to develop the fund’s strategy of growing its loan portfolio over the next 3-5 years and to become a sustainable and concrete alternative to development finance institutions and commercial banks. Since its inception, the fund has played a key role in the infrastructure landscape in Africa, investing in structuring and long-term infrastructure projects, amounting to over US$1.2 billion in about 70 transactions.

Having worked closely with the African Development Bank since its inception, EAIF plans to reinforce investments in 49 eligible countries and fragile states with a clear focus on crucial sectors for the development of the continent including power, telecommunication, transportation and manufacturing. The expected outcomes of EAIF's business model will be a clear demonstration of how to achieve green and sustainable growth in Africa, which will include the creation of 3,500 permanent jobs, improved or new access to infrastructure services for millions of people in Africa and investments in environmental, social and gender projects.

The Bank’s investment in EAIF is a reflection of its strategic thrust to achieve four of its five operational priorities notably, light up and power Africa, feed Africa, integrate Africa and improve the quality of life for people in Africa. In addition, EAIF's lending strategy is in line with the Bank’s Private Sector Development Strategy for developing infrastructure, supporting regional economic integration, and providing a platform for private sector development. Finally, the fund’s focus on the infrastructure sector is well aligned with both the Bank’s and Regional Member Countries’ (RMCs) priorities.

List of country news

Country news

  • June 05, 2017

    MSC signs 35-year concession agreement to develop a terminal in Côte d’Ivoire

    MSC and San Pedro Port have signed a 35-year concession agreement for the expansion of the San Pedro Container Terminal (TCSP) in Côte d’Ivoire.

    Read more
  • December 28, 2016

    Lagos Abidjan corridor may be structured as PPP

    The ECOWAS Commission has received several grants from the Africa Development Fund (ADF) and the European Development Fund towards the financing of the Study for the Abidjan – Lagos Corridor Highway Development Project.

    Read more
  • December 23, 2016

    AfDB approves US$50 million investment for Facility for Energy Inclusion (FEI) fund

    The African Development Bank (AfDB) has announced it has approved a financing package of US$100 million, comprising US$50 million equity and US$50 million convertible senior loan, to seed the Facility for Energy Inclusion (FEI), a pan-African renewable energy debt fund.

    Read more
  • October 31, 2016

    AfdB appoints Pierre Guislain as Vice-President, Private Sector, Infrastructure and Industrialization

    The African Development Bank is pleased to announce the appointment of Pierre Guislain as Vice-President, Private Sector, Infrastructure and Industrialization, with effect from 1st December 2016. He will join the Senior Management Team of the Bank. Read more
  • September 05, 2016

    Port of Antwerp invests in logistics platform in Cote D´ivoire

    The port of Antwerp and the port of San Pedro in Côte d’Ivoire are to collaborate over the next few years to manage further expansion of this West African entrepot. Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.