EAIF
The Emerging Africa Infrastructure Fund provides long-term loans in sub-Saharan Africa
At a glance
Established
2001
PIDG Members who have provided funding
UK Aid, DGIS, Sida, SECO
Cumulative PIDG Member funding
$394.9m
Fund capacity
Capacity of over $1.1bn
Managed by
Ninety One
Total commitments as at 31 Dec 2021
$2,114m to 96 projects, of which 90 have reached Financial Close
2021 commitments
$252.4m to 9 projects, of which 3 reached Financial Close
Projects that reached Financial Close in 2021
- Kesses Solar, Kenya
- Indorama Eleme Fertilizer and Chemicals Ltd (IEFC) – FCU II, Nigeria
- Ciprel V, Cote d'Ivoire
- Liquid Telecoms, Multiple Countries
- Cuamba Solar, Mozambique
- Central Termica de Temane, Mozambique
Projects that became operational in 2021
- Kigali Bulk Water, Rwanda
- Kenmare, Mozambique
- Sonatel, Senegal
Expected development impact
| 2021 | Cumulative | |
|---|---|---|
| Financially-closed projects | 6 | 90 |
| Total investment commitments (TICs) ($m) | 2,031.9 | 25,558.1 |
| Private sector investment commitments ($m) | 854.5 | 15,192.9 |
| % of projects in LDC/OLIC | 72.9% | |
| % of projects in FCAS | 63.5% | |
| Access (in millions) | 7.7 | 151.4 |
| Job creation: short-term | 2,143 | 36,927 |
| Job creation: long-term | 99 | 23,104 |
| Fiscal benefits ($m) | 37.2 | 2,388.1 |