African Development Bank Group grants $100 million loan to Emerging Africa and Asia Infrastructure Fund (EAAIF) to support development of sustainable infrastructure
Cote Dlvoire, Nov. 12 -- The African Development Bank Group is boosting sustainable infrastructure development across Africa through a new $100 million loan to the Emerging Africa and Asia Infrastructure Fund (EAAIF). The financing, approved by the Board of Directors, will help the Fund attract private investment and support projects in renewable energy, digital connectivity, transport and other key sectors that promote inclusive growth and climate resilience.EAAIF is a Private Infrastructure Development Group (PIDG) company, managed by the investment firm Ninety One. The Bank's loan will enable the Fund to continue mobilising private capital for impactful projects that expand access to essential services and drive sustainable economic tran...
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