Emerging Africa & Asia Infrastructure Fund attracts new investor
Swedfund is committing €40 million to the EAAIF.
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Swedfund, Sweden's development finance institution, is committing €40 million to the Emerging Africa & Asia Infrastructure Fund (EAAIF), managed by Ninety One.
“EAAIF plays a crucial role in financing impactful infrastructure projects in its markets,” said Jérémie Hoffsaes from Swedfund’s energy and climate team.
“Through its contribution to EAAIF, Swedfund also aims to challenge risk perceptions around African infrastructure investments, build confidence and help mobilise private capital. This is essential to close the financing gap and build capital markets to achieve better environmental and social impact.”
“EAAIF supports improving access to low-carbon infrastructure and taking action on both mitigation and adaptation to accelerate African and Asian industrialisation and close the energy access gap, whilst supporting the global transition to net zero. The impact from Swedfund’s commitment will be felt for decades, allowing us to deliver climate-resilient, inclusive infrastructure projects that transform economies and improve lives in Africa and Asia. Moreover, the effect is felt by people and businesses far beyond the original project location. Quality infrastructure enables people and businesses to plan for the future with confidence,” says Martijn Proos co-head of emerging market alternative credit at Ninety One.
Since 2001, the EAAIF has provided patient debt capital for a geographically and sectorally diversified portfolio of infrastructure projects in Africa and Asia worth more than $2.5 billion.
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