2024 - EAAIF Staging

EAAIF provides USD 40 million of Project Development Facility to Hassan Allam Utilities to develop 2.3 GW of renewable energy projects in Egypt

pidg-admin-wp December 18, 2024 No Comments

The investment supports the development of one of the largest wind projects in Africa. The transaction underlines the Fund’s commitment to back regional champions that deliver key projects and drive…

EAAIF backs CEC Renewables’ USD 96.7 million green bond to increase Zambia’s solar capacity and tackle the country’s energy crisis

pidg-admin-wp December 13, 2024 No Comments

136 MW solar plant will provide clean energy to communities and businesses in Zambia, helping to overcome the country’s energy crisis The transaction demonstrates EAAIF’s commitment to support capital market…

EAAIF reaches financial close for 20 MW solar project in north-western Uganda

pidg-admin-wp December 12, 2024 No Comments

The investment will bring power to hundreds of thousands of people in Uganda’s remote and underserved north-western region This project doubles the capacity of solar projects supported by EAAIF in…

EAAIF invests in USD 141.9 million sustainable aviation fuel facility in Pakistan, marking Fund’s first Asia investment

pidg-admin-wp December 10, 2024 No Comments

EAAIF’s USD 20 million debt investment will contribute to the global uptake of sustainable aviation fuel (SAF) to reduce CO2 emissions in the industry. The transaction marks EAAIF’s first investment…

EAAIF acts as co-anchor investor alongside IFC and Proparco in oversubscribed $1.2 billion IHS Holding Limited bond, to drive digital connectivity in Africa

pidg-admin-wp December 2, 2024 No Comments

The commitment reinforces EAAIF’s leading position as a pioneer of debt capital solutions for telecom infrastructure in Africa EAAIF has allocated $283 million to telecommunications companies via bond issuances since…

EAAIF, FMO and DEG provide EUR 84 million to AXIAN Energy to finance a 60MW solar energy and 72MWh energy storage system in Senegal

pidg-admin-wp November 14, 2024 No Comments

The project will provide clean, reliable energy for 235,000 people in Senegal. Largest photovoltaic with added battery energy storage systems (BESS) project in West Africa, accelerating the uptake of critical…

EAAIF acts as sole impact investor, anchors Africell’s debut issuance of USD300 million international public bond

pidg-admin-wp October 29, 2024 No Comments

The USD300 million public bond issuance was oversubscribed with orders over USD550 million. The financing will support the roll-out of digital infrastructure across four countries, enhancing connectivity for Africell’s current…

EAIF expands mandate to invest in South & South East Asia, officially becomes the Emerging Africa and Asia Infrastructure Fund (EAAIF)

pidg-admin-wp October 22, 2024 No Comments

New name reflects the Fund’s ambition to invest over $1 billion in emerging Asian and African economies over the next 4 years EAAIF has committed over $2.5 billion and mobilised…

MOODY’S AFFIRMS EMERGING AFRICA & ASIA INFRASTRUCTURE FUND’S A2 CREDIT RATING

pidg-admin-wp September 26, 2024 No Comments

London—25 September 2024: The Emerging Africa & Asia Infrastructure Fund (EAAIF), a Private Infrastructure Development Group (PIDG) company, today announced that Moody's has reaffirmed its long-term foreign-currency issuer rating at…

The EAIF & IFC-backed FCTC Sonatel Asset Backed Security lists on West African regional stock exchange, boosting digital transformation

pidg-admin-wp May 24, 2024 No Comments

• The listing helps finance Sonatel’s expansion of digital services in the West African region • The landmark transaction transforms the digital economy through the creation of online businesses and…

Year: 2024