The Emerging Africa Infrastructure Fund (“EAIF” or the “Fund”) was established in January 2002 and is currently a US$501 million debt fund, which aims to address the insufficient availability of long-term foreign exchange debt finance in sub-Saharan Africa.

EAIF offers USD and EUR lending to greenfield ventures, privatised infrastructure companies and for refurbishments, upgrades or for the expansion of capacity.  EAIF seeks to ensure a diversified portfolio with each major infrastructure sector (e.g. energy, telecoms, transport, water, mining etc) accounting for at least 10% of the total fund capital. 

While EAIF lends on commercial terms, it aims to support projects that promote economic growth and poverty reduction, benefit broad-based population groups, address issues of equity and participation, and promote social, economic and cultural rights.

Investments range from a minimum of US$10 million (or equivalent) to a maximum of US$50.0 million (or equivalent) for any one investment.  The lending tenor can be extended up to a maximum of 15 years, and can be provided without political risk cover.

You can read more about EAIF on their website:  www.emergingafricafund.com