$100m Funding to Drive Africa’s Infrastructure Growth
The African Development Bank (AfDB) Group has approved a $100 million loan to the Emerging Africa and Asia Infrastructure Fund (EAAIF), a debt fund dedicated to developing critical infrastructure across sub-Saharan Africa.
The financing aims to attract private investment and support projects in renewable energy, digital connectivity, transport, and other sectors that promote inclusive growth and climate resilience.
EAAIF, a Private Infrastructure Development Group (PIDG) company managed by investment firm Ninety One, will use the funding to continue mobilising private capital for high-impact infrastructure projects, expanding access to essential services and driving sustainable economic transformation across the continent.
The operation is part of EAAIF’s broader 2025 debt-raising programme, which targets $300 million in long-term financing and plans to invest over $850 million in infrastructure across Africa and Asia by 2027. This marks the fourth loan the African Development Bank has extended to the Fund.
Mike Salawou, Director of the AfDB’s Infrastructure and Urban Development Department, said: “Partnering with EAAIF 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.”
