Fund Manager of EAIF and Manager to GuarantCo:

 

Frontier Markets Fund Managers Limited (“FMFML”) is the fund manager for EAIF and Manager to GuarantCo.  Its shareholders are Standard Bank Group (as the lead sponsor) and FMO of the Netherlands and Emerging Markets Partnership (“EMP”) of the USA (as joint venture partners).

                                                                                                                                                   

www.standardbank.com                                                                      www.fmo.nl                                                                  http://www.empwdc.com/ 

  

 

  

 

 

EAIF Sponsors:

 

 

www.pidg.org/
EAIF was initiated by the Private Infrastructure Development Group (“PIDG”), whose founding members are the UK Government’s Department for International Development (“DFID”), the Netherlands Ministry of Foreign Affairs (“DGIS”), the Swiss State Secretariat for Economic Affairs (“SECO”), the Swedish International Development Coorporation Agency (“SIDA”), the International Finance Corporation ("IFC")/World Bank, the Austrian Development Agency ("ADA") and the Irish Aid..  These PIDG members provide equity totalling US$ 133.5 million to EAIF and $73 million to GuarantCo through the PIDG Trust.

 

 

 

 

www.dfid.gov.uk/
DFID is the UK Government’s Department for International Development and has acted as the main sponsor of the Fund’s equity having fully underwritten and committed to the initial USD100 million.

DFID has been joined by a grouping of other European based government donor agencies (from Sweden, the Netherlands, and Switzerland) combining through the Private Infrastructure Development Group ("PIDG") to jointly provide the initial USD100 million of equity with the potential to increase this equity commitment at a later stage so offering the potential for the Fund to grow.

 

www.minbuza.nl/en/home
DGIS is the Dutch Ministry of Foreign Affairs.  DGIS has been joined by a grouping of other European based government donor agencies (from UK, Sweden, and Switzerland) combining through the Private Infrastructure Development Group ("PIDG") to jointly provide the initial US$ 100 million of equity.

 

 

www.seco.admin.ch/index.html?lang=en
SECO is the Swiss State Secretariat for Economic Affairs.  SECO have been joined by a grouping of other European based government donor agencies (from UK, Sweden, and the Netherlands) combining through the Private Infrastructure Development Group ("PIDG") to jointly provide the initial USD100 million of equity.

 

www.sida.se/?d=121&language=en_UK
SIDA is the Swedish International Development Coorperation Agency.  SIDA has been joined by a grouping of other European based government donor agencies (from UK, Switzerland, and the Netherlands) combining through the Private Infrastructure Development Group ("PIDG") to jointly provide the initial USD100 million of equity.

 

 

IFC is a member of the World Bank Group.  IFC has been joined by a grouping of other European based government donor agencies (from UK, Switzerland, and the Netherlands) combining through the Private Infrastructure Development Group ("PIDG") to jointly provide the initial USD100 million of equity.

 

 

 

Austrian Development  Agency (ADA) is the Operational Unit of the Austrian Development Cooperation (ADC). It is incharge of implementing all bilateral programmes and projects in ADC's partner countries and administers the budget earmarked for this. ADA has been joined by a grouping of other European based government donor agencies (from UK, Switzerland, and the Netherlands) combining through the Private Infrastructure Development Group ("PIDG") to jointly provide the initial USD100 million of equity.

 

 

 

Irish Aid is the Government of Ireland's programme of assistance to developing countries.

Irish Aid has been joined by a grouping of other European based government donor agencies (from UK, Switzerland, and the Netherlands) combining through the Private Infrastructure Development Group ("PIDG") to jointly provide the initial USD100 million of equity.

 

 

EAIF's Senior Lenders:

 

www.barclays.co.uk/
Barclays PLC is, together with Standard Bank of South Africa Ltd and Kreditanstalt fur Wiederaufbau (KfW) are the Senior Lenders to the Fund providing their share of US$ 75 million (of a total senior debt of US$ 180 million).

 

 www.standardbank.co.za/
Standard Bank of South Africa Ltd, together with Barclays Bank and Kreditanstalt fur Wiederaufbau (KfW) are the Senior Lenders to the Fund providing their share of US$ 75 million (of a total senior debt of US$ 180 million).

 

 

www.kfw.de/EN_Home/index.jsp
Kreditanstalt fur Wiederaufbau (KfW) of Germany, together with Barclays Bank and Standard Bank of South Africa Ltd are the Senior Lenders to the Fund providing their share of US$ 30 million (of a total senior debt of US$ 180 million).

 

 

 

EAIF's Subordinated Lender:

www.fmo.nl/
FMO is the Netherlands Development Finance Company.  Together with DBSA and DEG it forms the group of Subordinate Lenders to the Fund providing a total subordinate debt of US$ 80 million of which FMO contributes US$ 40 million.

 

 

www.dbsa.org/
The Development Bank of Southern Africa, together with FMO and DEG forms the group of Subordinate Lenders to the Fund providing a total subordinate debt of US$ 80 million of which DBSA contributes US$ 25 million.

 

 

www.deginvest.de/EN_Home/index.jsp
DEG (a member of the KfW banking group), together with FMO and DBSA forms the group of Subordinate Lenders to the Fund providing a total subordinate debt of US$ 80 million of which DBSA contributes US$ 15 million.

 

 

 

Other PIDG Links

 

 

 

www.emergingafricafund.com
The Emerging Africa Infrastructure Fund (“EAIF” or the “Fund”) is a Public Private Partnership able to provide long-term USD or EUR denominated debt or mezzanine finance on commercial terms to finance the construction and development of private infrastructure in 45 countries across sub-Saharan Africa. EAIF is able to provide between US$ 10 million to US$ 50.0 million (or its equivalent in EUR) to projects across a wide range of sectors including telecoms, transport, water and power amongst others.

 

 

 

www.guarantco.com

GuarantCo provides credit enhancement to support long-term local currency lending in emerging markets by facilitating the financing of infrastructure in low income countries worldwide.

Frontier Markets Fund Managers ("FMFML" is the fund manager for EAIF and Manager to GuarantCo.  Its shareholders are Standard Bank Group (as the lead sponsor) and FMO of the Netherlands and Emerging Markets Partnership (“EMP”) of the USA (as joint venture partners).

 

 
www.infraco.com
InfraCo aims to stimulate greater private investment in African and Asian infrastructure development by acting as a principal project developer.  They are able to take the earliest and highest risks in the development of infrastructure transactions, with the aim of selling them to investors once a full development process has been completed.  Their involvement is designed to catalyze new investment in water, power, transport and other related sectors.