The African Development Bank Group has approved a $100 million loan to the Emerging Africa and Asia Infrastructure Fund (EAAIF), strengthening efforts to expand sustainable infrastructure and attract private investment across the continent. The financing will support high-impact projects in renewable energy, transport, digital connectivity, and other essential sectors.
EAAIF, a company under the Private Infrastructure Development Group (PIDG) and managed by investment firm Ninety One, plays a key role in mobilising long-term capital for frontier and emerging markets. The AfDB’s support will help the Fund scale up investments that promote inclusive growth and climate resilience.
The loan forms part of EAAIF’s broader debt-raising programme, which targets $300 million in long-term financing in 2025. By 2027, the Fund plans to invest more than $850 million in infrastructure projects across Africa and Asia. This marks the fourth loan the African Development Bank has extended to EAAIF.
Expanding access to essential services
Mike Salawou, Director of the Infrastructure and Urban Development Department at the AfDB, emphasized the importance of the partnership:
“Partnering with the Emerging Africa and Asia Infrastructure Fund allows us to unlock long-term financing for critical projects that power economies, create jobs, and improve lives across Africa. It also helps close the continent’s infrastructure financing gap by attracting private capital to high-impact projects in emerging and frontier markets.”
Sumit Kanodia, Director at Ninety One, welcomed the continued collaboration:
“We are delighted to deepen our partnership with the African Development Bank. This loan will enable us to finance more renewable energy, digital, and transport projects that drive inclusive growth, create jobs, and build climate resilience in the region.”
The financing underscores AfDB’s commitment to sustainable development and its strategy to leverage private capital for large-scale infrastructure transformation across the continent.
