The Emerging African Infrastructure Fund Raises $294 Million for Sustainable Projects in Africa
By Adedapo Adesanya
The Emerging African Infrastructure Fund (EAIF), an Africa-focused infrastructure fund, has raised $294 million in debt capital to invest in sustainable projects on the continent.
The financing round was led by Allianz Global Investors which committed a total of $132 million to the EAIF in both Euros and Dollars. Standard Bank provided a combined $100 million via two separate facilities with sustainability-linked features while KfW, the German state-owned development bank, added a $66 million loan to the fund.