The Emerging Africa Infrastructure Fund (EAIF), part of PIDG, was established in 2002 and is a leading provider of debt funding to private sector energy infrastructure developers in Africa. It backs generation projects in renewable and conventional fuels and can support distribution and supply initiatives. EAIF also arranges and structures debt finance packages and has developed specialist skills and deep knowledge of the structure and behaviours of African energy markets.
Lending up to $50 million, and potentially underwriting larger amounts, EAIF offers flexible and competitive terms, particularly in fragile states where long-term debt on affordable terms is often unavailable.
Recent EAIF projects include project finance for Kikagati hydro station in Uganda; and in Cameroon the 420MW, €1.26 billion Nachtigal hydro project reached financial close in January 2019. In Mali, the 90MW Albatros Energy Mali power station became operational in late 2018 and the 50MW Akuo Kita solar plant is nearing completion.