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Vietnam

Manufacturing

PIDG announces first e-mobility transaction in Southeast Asia

GuarantCo collaborates with India Infrastructure Finance Company Limited to accelerate sustainable infrastructure investments in India

Cambodia

GuarantCo and PIDG collaborate with CGCC to accelerate financial inclusion and enhance investment in sustainable infrastructure in Cambodia

Energy

UK backing enables new Africa-focused climate fund to achieve US$200m first close

InfraCo Africa invests to pioneer Zimbabwe’s first project financed solar IPP

Clifford Capital’s Bayfront Infrastructure Management achieves financial close for Bayfront Infrastructure Capital V USD 508.3 million infrastructure asset-backed securities: GuarantCo guarantees Class D tranche subscribed by the Bank of the Philippine Islands and Chandra Asri Trading Company Pte. Ltd.

InfraCo Africa invests to develop a 50MWp solar plant in Côte d’Ivoire

Tanzania

Power Purchase Agreement signed to progress the Lilondi run-of-river hydropower project in Tanzania

PIDG

London

Andy Bainbridge steps down as Chair of PIDG, Yukiko Omura welcomed as new Chair

Mumbai

Singapore

The Private Infrastructure Development Group and Radiance Renewables form a joint venture to accelerate renewable energy adoption in India

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

Corbetti Owner’s Engineer tender issued following PPA extension

Jordan

GuarantCo provides Capital Bank of Jordan with a partial guarantee for a portfolio of JOD 88.6 million (c. USD 125 million) to grow the bank’s climate adaptation and mitigation infrastructure portfolio

GuarantCo provides Africa GreenCo with a USD 27 million guarantee to boost renewable energy in Southern Africa

Investing to support the growth of climate-resilient agriculture

EAIF commits additional US$30 million to support Indorama’s expansion with third urea plant in Nigeria

Transport

Water

Pioneering East Africa Marine Transport vessel launches on Lake Victoria

Logistics and Connectivity

Social Infrastructure

The Private Infrastructure Development Group celebrates the opening of Cambodia’s first cross-docking and cold storage facility

Telecommunications

EAIF Commits XOF 23.5 Billion to Sonatel’s Receivables-Backed AAA-Local-Rated Bond

GuarantCo guarantees Axis Bank to provide an INR 1 billion loan to Everest Fleet for the purchase of electric vehicles in India

GuarantCo and Bank Alfalah provide Shams Power with a PKR 1.5 billion (c. USD 5.2 million) finance solution to invest in small solar plants in Pakistan

GuarantCo provides a USD 70 million bond guarantee to CamGSM (Cellcard) to finance telecom infrastructure in Cambodia

EAIF Completes $294m Debt Raise in One of The Largest Blended Finance Debt Packages for African Infrastructure

India

GuarantCo guarantees Axis Bank to provide an INR 2.5 billion loan to Vivriti Capital to lend to e-mobility companies in India

Delivering energy-efficient cold storage solutions across Africa

Right Honourable Andrew Mitchell MP joins stakeholders at COP28 to celebrate progress on the newly incorporated Dhamana Guarantee Company

Sustainable and Resilient Cities

GuarantCo, part of PIDG, and Standard Chartered collaborate to accelerate climate action in Vietnam during COP28

Infrazamin

Gender Bond

First Gender Bond in South Asia Launched by InfraZamin Pakistan and Kashf Foundation

InfraCo Africa invests to scale access to clean transport in rural Zimbabwe

GuarantCo provides NGN 20.23 billion (USD 25 million) counter-guarantee to InfraCredit for Lagos Free Zone Company 20-year senior guaranteed fixed rate infrastructure bond issuance

PIDG to extend its partnership with the World Bank’s Water Global Practice to help accelerate the pace of investment in the Water Sector across Africa and Asia

Malawi

IFU’s second solar power investment in Malawi

Financial Times: Guarantee companies unlock African infrastructure finance

InfraCo Africa invests in safe, affordable passenger ferries

Group picture with a lot of people at an event

Kenyan internet service provider, Mawingu, raises US$9m to expand operations across Kenya.

GuarantCo provides Axis Bank with a USD 200 million INR equivalent guarantee to accelerate the e-mobility eco-system in India

World Business Outlook Awards: InfraCo Africa recognised as ‘Leading Infrastructure Finance Company Africa 2023’

Ba Lai Water Supply Plant in Vietnam Commences Operations

Nepal

InfraCo Asia celebrates the inauguration of Nepal’s largest-ever grid-connected rooftop solar project

CEI Africa awards a total of USD 7.3M in RBF grants to three Kenyan GMG developers

InfraCredit’s Anti-Bribery Management System Certified as ISO 37001 Compliant by Lloyd’s Register

African Business Magazine: Geothermal race heats up Africa

Uganda

InfraCo Africa and Afresco partner to deliver ‘Energy-as-a-Service’ solutions in Africa

South Africa

Africa GreenCo: Announcing the execution of an 85MW power purchase agreement with AMEA Power

Ashden Awards: African innovators lead in shortlists for cutting edge climate solutions

EAIF commits $33 million to Raxio Group in vital boost to Africa’s nascent data markets

Opinion | Gender-smart infrastructure must be delivered at scale

Behind the scenes: Integrating a gender lens for infrastructure impact

Market Insights: Accelerating access to off-grid energy solutions

GuarantCo collaborates with Axis Bank to provide INR 3.25 billion (c. USD 40 million) to Northern Arc ensuring increased access to finance for underbanked borrowers in India

GuarantCo closes its first syndication transaction mobilising the private insurance sector to contribute to bridging the infrastructure financing gap in Africa and Asia

OECD: Private finance mobilised by official development finance interventions

Operations

Kenyan internet service provider, Mawingu, raises US$9m to expand operations across Kenya

Rwanda

Kigali PPP Docuseries

African Business Magazine: Should private companies play a role in Africa’s water sector?

Sierra Leone

Piloting a new financing model to scale energy access in Sierra Leone

Uxolo: Singrobo-Ahouaty: A small hydro IPP ripple effect in sub-Saharan Africa?

InfraCo Asia’s Cambodia Water Portfolio project achieves financial close

EAIF commits €25 million to 44MW hydropower plant in Côte d’Ivoire

Behind the scenes: Establishing a culture of business integrity

Swedish International Development Cooperation Agency provides GuarantCo with a USD 100 million, 20-year re-guarantee facility to alleviate poverty across Africa and Asia

GuarantCo Management Company strengthens Management Team with the appointment of Surabhi Mathur Visser as Chief Investment Officer

Madagascar

GuarantCo and AGF provide GreenYellow with a MGA 33 billion (c. EUR 7.1 million) credit guarantee to finance a 20 MW solar plant extension with a 5 MW solar battery storage system

GuarantCo provides Royal Railway Cambodia with a USD 24 million bond guarantee to invest in the national railway system

African Business Magazine: Why isn’t Africa building enough bridges?

Africa GreenCo: GreenCo’s offtake from Ilute Solar PV – Benefits Paper

Behind the scenes: Carbon Data Capture

GuarantCo provides Orabank Côte d’Ivoire with a XOF 10 billion (c. USD 15 million) portfolio guarantee to invest in infrastructure

GuarantCo provides First Finance with a loan guarantee to finance affordable housing in Cambodia

Statement from InfraCo Africa

COP27: Looking back to galvanise our next steps

Market Insights: Supporting green growth in Zambia

InfraCredit’s Guarantee Supported by UK-Funded Climate Finance Blending Facility Mobilises First Green Certified Local Currency Debt Issue for Off-Grid Solar Rural Electrification Project in Nigeria

InfraCo Africa to invest US$15m to anchor pioneering new guarantee company

Three businessmen signing documents at official table

MOBILIST set to invest in African climate investment fund

Democratic Republic of the Congo

InfraCo Africa and Equatorial Power are set to roll out access to clean power and agri-processing in the DRC and Rwanda

Morocco

Event highlights partnership opportunities for pioneering infrastructure development in sub-Saharan Africa

Solar panel and facilities seen from above

DFC Commits $25 Million Loan for Golomoti Solar, Expanding Renewable Energy Generation and Storage in Malawi

Two women in office working at the same table

Behind the scenes: Maintaining financial integrity

Moody’s rating will attract fresh investment to Africa, says Martijn Proos

Keel laying ceremony marks milestone for EAMT build

EAIF plans to raise $500 million

Martijn Proos interviewed by CNBC Africa

EAIF secures A2 credit rating from Moody’s

Men signing documents in official setting

Capital Market Development

InfraCo Africa invests U$43m to launch a new climate-focused infrastructure fund for Africa

GuarantCo provides EVNFinance a VND 1,150 billion (c. USD 50 million) partial credit guarantee to support the issuance of Vietnam’s inaugural internationally verified green bond

Golomoti Solar wins AFSIA’s ‘Utility-scale solar project of the year’ Award

Africa GreenCo: Renewable Energy IPP Procurement Programme and offering of SAPP Trading Services to Generators and Consumers

DevCo

PIDG 2021 Annual Review

SolarQuarter Africa: Interview with InfraCo Africa CEO, Gilles Vaes

Malawi’s President inaugurates Golomoti Solar, a pioneering solar-plus-battery plant

Computer-rendered image of border crossing

GuarantCo provides Société Générale Cameroun and Société Commerciale de Banque Cameroun with USD 38.4 million XAF equivalent guarantee to finance TollCam and support infrastructure development in Cameroon

EAIF supports its 10th Uganda renewable energy project with US$10.6 million loan

Gowling WLG advises InfraCo Africa on decentralised energy solutions provider Bboxx and Zembo Motorcycles investments

Two Engineers in PPE branded Bboxx working on solar panels

InfraCo Africa invests to accelerate Bboxx’s growth and geographic expansion

JCM Power: The 20MW Golomoti Solar PV and Battery Energy Storage project has successfully entered Commercial Operations.

Person talking into mic at official press event

US$15.5m raised to scale innovative renewable energy buyer and services provider

Philippe joined PIDG as Chief Executive Officer in 2014. He has 30 years of international experience in emerging markets infrastructure project and export finance and risk management in Latin America, sub-Saharan Africa and Asia.
Prior to joining PIDG, Philippe was one of the founding partners of an EM infrastructure finance advisory firm and before that worked for Depfa Bank’s infrastructure finance unit. Philippe spent 13 years at the Multilateral Investment Guarantee Agency (World Bank Group) in Washington and Singapore, where he headed the guarantees department and was global head of infrastructure. Philippe’s infrastructure experience covers power, renewables, water, transportation, and social infrastructure.
He attended Harvard University’s Business School Executive Program and holds an MBA in International Business and a Bachelor’s degree from George Washington University.

Philippe Valahu

Mike joined PIDG as CFO in February 2018. He is a non-executive member of the Boards of InfraCo Africa and InfraCo Asia, as well as an attendee at the PIDG Ltd. Audit and Risk Committees. Before joining PIDG, Mike was the Finance Director at Cenkos Securities, a UK-listed institutional stockbroker. Before that, he was the Finance and Risk Director at NS&amp;I (National Savings &amp; Investments). Mike spent a number of years at PwC in the financial services practice. Mike’s career also includes 10 years at Standard Chartered, where he held roles including Chief Financial Officer for the Africa Region and Group Head of Operational Risk. He is also the chair of the UK pension fund of Sightsavers.

Mike Chilton

Emilio joined PIDG in 2015 as Executive Director of The Emerging Africa Infrastructure Fund, becoming Head of TA in December 2019. He has over 35 years of corporate finance, asset management and advisory experience across several markets, including Africa, Latin America, India and Southern Europe. He spent close to 20 years with HSBC in the UK and abroad. Subsequently, he worked in a number of smaller firms, including an advisory M&amp;A boutique that he founded and ran for 7 years and in a commodity brokerage firm focused on emerging markets, including Africa. Before joining PIDG, Emilio was Director of Asset Management, at Climate Change Capital, a London-based fund manager focused on climate mitigation investment strategies, where he was closely involved in developing renewable energy and agri-business transactions in Africa. A graduate of the University of Oxford, he read Biochemistry (with Economics) at Hertford College.

Emilio Cattaneo

Marco provides leadership on driving sustainable development impact across PIDG companies. He oversees the early stage impact assessment of all PIDG investments, the process for monitoring and evaluating their impact and PIDG programmatic work to deepen sustainable development impact including on gender and climate.
Marco has over 15 years of experience working in frontier markets to drive development impact through private investment. He joined PIDG from the UK Department for International Development where he most recently led their Impact Investing team. In previous DFID roles, he was responsible for UK support to AgDevCo, developed public private partnerships with corporate investors in Africa, and led market reform initiatives to enable investment and development impact in the agri-food sector. He previously worked in management consultancy with assignments for corporates and multilateral organisations. He held leadership positions with social enterprises in West and East Africa and worked in business development services and policy in the UK. Marco spent 10 years between Sierra Leone, Uganda, Tanzania, and Albania and conducted assignments in a number of other countries. He holds a BSc in International Politics and Economics from the University of Naples, an MSc in Development Studies from SOAS in London, and an associate membership of the Institute of Environmental Management and Assessment.

Marco Serena

Tim Streeter joined PIDG in September 2019 from Deutsche Pfandbriefbank AG (pbb) London, where he was Head of Loan Markets in the bank’s Public Investment Finance Team. He led the bank’s syndication activities and successfully established and maintained relationships with both banks and institutional investors, as the bank built a portfolio of infrastructure-related and export credit agency-backed assets. He was also a member of the bank’s new deal committee for Public Investment Finance business and of the London branch’s operating committee. Prior to joining pbb, Tim held various positions in investment banks in the field of debt capital markets in UBS (in both London and Tokyo), Commerzbank (in the field of Emerging Markets) and Mizuho Bank.

Tim Streeter

Cecilie Sørhus, Chief of Staff and Head of Communications, joined PIDG from Xynteo, a consultancy firm advising on and specialising in leadership and sustainability issues.
She was Head of Communications and led the firm’s global communications and brand-building work. Cecilie played an important role in delivering flagship events for Xynteo, leading and developing a global team.
Prior to her role at Xynteo, she worked for the Bill &amp; Melinda Gates Foundation, where she drove communications for the UK, the Nordics, and the Middle East, as well as managed Government and partner relations in the Nordics. She has worked for a range of UK Government departments, including the Department for International Development (DFID), where, amongst other priorities, she led communications for the private sector department.
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Cecilie Sørhus

Alex is an English-qualified lawyer and business integrity professional who occupies the role of Global General Counsel of PIDG and is a member of the Executive Team. With over 15 years of experience working in-house and at top-tier law firms, he heads the group legal function covering Corporate, Africa and Asia as well as Business Integrity.
Before joining PIDG, Alex was General Counsel and Head of Business Integrity at InfraCo Africa for 10 years where he gained experience working on projects across Cape Verde, Cameroon, Chad, Côte d&#8217;Ivoire, Ethiopia, Guinea, Kenya, Liberia, Malawi, Mauritania, Nigeria, Senegal, Sierra Leone, Uganda, Zambia and Zimbabwe in sectors ranging from renewable energy, transport (including e-mobility), water and infrastructure. Prior to that, he worked in the project finance and corporate teams at Shearman and Sterling, Fulbright and Jaworski and Norton Rose Fulbright where he advised sponsors and lenders (including DFIs) on international energy and infrastructure transactions, working across the entire lifecycle of a project, from development, financing and operations to exit.
Alex holds a first class honours degree from the University of Exeter and is an independent member of the Private Sector Engagement Committee of Transparency International UK. He is also a non-executive director on the board of East Africa Marine Transport, a PIDG-funded ferry business in East Africa.

Alex Traube-Childs

Executive Team

Our people

Executive Team

Philippe Valahu

Chief Executive Officer

Mike Chilton

Chief Financial Officer

Emilio Cattaneo

Head of Technical Assistance

Marco Serena

Chief Sustainable Impact Officer

Tim Streeter

Head of Investor Relations

Cecilie Sørhus

Chief of Staff and Head of Communications

Alex Traube-Childs

Global General Counsel

Stephen Varma

Chief Risk Officer

Eva Rutkowska

Group Head of HR

Richie Rouse

Head of Operations

Dr. Emily Wood

Group head of Health, Safety, Environment and Social (HSES)

Finance Team

Mike Chilton

Chief Financial Officer

Nicholas Fernandes

Group Financial Controller

Rebecca Clark

Corporate Accountant

Robert Spain

Finance Business Partner

Augustine Makoni

Group Head of Finance

Nikki Edgar

Head of Finance Transformation

Risk Management

Stephen Varma

Chief Risk Officer

Min Chen

Head of Operational Risk

Aditya Bisen

Head of Risk Frameworks

Alexei Slivinschi

Risk Frameworks and Portfolio Manager

Katy Garrioch

Senior Compliance and Assurance Manager

Gill Dixon

Head of Compliance

Operations

Richie Rouse

Head of Operations

Rachel Lambert

Commercial Operations and Vendor Manager

Veronica Ogunkoya

EA to the CEO and Board

Victoria de Nemethy

Office Manager and HR Admin

Human Resources

Eva Rutkowska

Group Head of HR

Elaine Ellender

HR Business Partner

Sustainable Development Impact

Marco Serena

Chief Sustainable Impact Officer

Saeed Ibrahim

Director, Sustainable Development Impact

Pritisha Uttamchandani

Senior Sustainable Impact Manager

Peter O’Flynn

Impact manager (Maternity leave cover)

Celia Carbajosa

Senior Adviser, Sustainable Development Impact

Stuart Cannon

Group Climate Change Manager

Cecilia Aina

Senior Sustainable Development Impact Adviser

Health, Safety, Environment and Social (HSES)