The Emerging Africa & Asia Infrastructure Fund (EAAIF), a company of The Private Infrastructure Development Group (PIDG), managed by Ninety One, has signed a letter of intent to conclude a long-term €100 million ($114 million) facility agreement with KfW, the German state-owned investment and development bank.
The new funding builds on KfW’s €60 million ($69 million) contribution to EAAIF’s $294 million capital raise in 2024, and follows the fund’s recently secured $325 million debt package. These commitments will be instrumental in fueling EAAIF’s ambition to deploy more than $1 billion to critical infrastructure projects across Africa and Asia by 2028.
“This agreement is testament to the power of collaboration in mobilizing capital for sustainable infrastructure development,” said Philippe Valahu, CEO of PIDG. “KfW’s continued support to PIDG enables other market players to participate in our overall goal to deliver $9 billion in new commitmen
