17 Aug 2021
PIDG Pulse Episode #6: Kenya Capital Markets
In this episode, we discuss Kenya’s clear commitment to embracing change, we explore key projects PIDG has enabled, including the Acorn Affordable Student Accommodation and Kenya credit enhancement facility, and we highlight the opportunities presented by Kenya’s new strategic partnership with the UK.
30 Jul 2021
Bridging infrastructure gaps in Kenya: how PIDG is forging new partnerships to drive private sector investment in infrastructure
Emilio Cattaneo, Head of Technical Assistance at PIDG, highlights how PIDG is contributing to the new UK-Kenya investment package by supporting the promotion of Public Private Partnerships in key infrastructure sectors.
11 Jun 2021
EAIF and Proparco partner to finance the first biomass plant with grid injection in Africa
The Emerging Africa Infrastructure Fund (EAIF) and Proparco have closed a 165M EUR project finance deal and 13M EUR grant to secure the financing of Biovea project in Ivory Coast, which will be the first biomass power plant with grid injection in Africa.
27 Nov 2020
PIDG TA supporting local communities during the Covid-19 pandemic
As part of its ongoing commitment to support communities during the coronavirus pandemic, PIDG TA provided 22 TA grants and 1 Capital grant to PIDG projects to support COVID-19 responses, with a total commitment of USD1.633 million.
24 Mar 2020
World Water Day. The Kigali Bulk Water Concession: Meeting the challenges of private investment in water infrastructure
For World Water Day, James Leigland, PIDG TA Advisor, explains how a pioneering water concession in the city of Kigali and a nearby district in the Eastern Province of Rwanda, illustrates some of the key characteristics of long-term, capital-intensive public-private partnerships (PPPs), in difficult sectors like water and sanitation.
20 Jan 2020
London Stock Exchange welcomes its first Kenya shilling corporate bond on the ISM, Acorn Holdings, guaranteed by GuarantCo
London Stock Exchange welcomes its first Kenya shilling corporate bond on the ISM, Acorn Holdings, guaranteed by GuarantCo, to finance clean, safe, affordable and green-certified accommodation for 5,000 students in Nairobi - First ever green bond in Kenya - First project bond in Kenya - Rated B1 by Moody’s - higher than the sovereign bond rating
13 Jan 2020
Acorn Holdings, student accommodation developer in Kenya, listed on Nairobi securities exchange
The Nairobi Securities Exchange welcomes its first green bond issue, Acorn Holdings, guaranteed by GuarantCo and with EAIF as its largest investor, that will finance clean, safe, affordable and green-certified accommodation for 5,000 students in Nairobi;
16 Dec 2019
EAIF lends US$30 million to Kenmare Resources plc
Mozambique economic development, securing nearly 1,400 jobs
03 Dec 2019
Kékéli Efficient Power Project, Togo, west Africa
GuarantCo provides XOF 14.2 billion Liquidity Extension Guarantee to finance the construction of a 65MW natural gas-fired thermal plant providing electricity to nearly 20% of the population in Togo and supporting the Government of Togo to address the country’s power deficit.
04 Oct 2019
Acorn housing, Nairobi - GuarantCo provides first ever green bond in Kenya and EAIF makes first affordable housing investment
“The UK is mobilising private sector investment to help African nations make the most of their enormous potential. We are leading the way in the listing of green bonds, with over 100 bonds listed on the London Stock Exchange. The growth of the green bond market in East Africa is supporting vital climate resilient infrastructure and helping provide 5,000 students in Kenya with environmentally-friendly, affordable housing" UK Secretary of State for International Development Alok Sharma
29 Jul 2019
PIDG company EAIF lends €28 million to Azito Energie's power plant expansion in Cote D'Ivoire
Power plant will benefit up to 4.9 million people, provide low-cost base load power, displacing older less efficient equipment. A competitive tariff pricing is moving the region towards OECD norms.
30 May 2019
EAIF announces first ever transaction in Guinea
PIDG company the Emerging Africa Infrastructure Fund invests US$40 million in Guinea Expanded rail and port facilities will drive economic growth in one of Africa’s poorest nations