AfDB grants $100m loan to Emerging Africa and Asia Infrastructure Fund
EAAIF aims to invest more than $850 million in infrastructure across Africa and Asia by 2027.
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The African Development Bank (AfDB) has committed a new $100 million loan to the Emerging Africa and Asia Infrastructure Fund (EAAIF), managed by Ninety One.
The operation forms part of EAAIF’s broader debt-raising programme, which aims to secure $300 million of long-term financing in 2025 and invest more than $850 million in infrastructure across Africa and Asia by 2027. It is the fourth such loan that the African Development Bank has provided to the fund.
Mike Salawou, director of the infrastructure and urban development department at the AfDB, said: “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, added: “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.”
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