NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

The Emerging Africa Infrastructure Fund (EAIF), a company under the Private Infrastructure Development Group (PIDG), has committed a senior secured loan facility of US$30 million to AXIAN Energy.

This investment is part of AXIAN Energy’s expansion plan, aiming to provide over 460 Megawatt (MW) of utility-scale renewable energy generation capacity across Africa in the next decade. Initially focused on oil and gas distribution, AXIAN Energy has strategically shifted towards renewable energy since 2017.