The Emerging Africa & Asia Infrastructure Fund (EAAIF), one of Africa’s longest-serving infrastructure debt providers and a company within the Private Infrastructure Development Group (PIDG), managed by Ninety One, has completed a $325 million debt facility raise.
This brings EAAIF’s recent capital raises to $620 million, surpassing the initial target of $500 million. This will help accelerate EAAIF’s plans to deploy more than $1 billion in critical infrastructure projects in emerging markets in Africa and Asia by 2028. EAAIF plans to focus on advancing digital economies, scaling transition infrastructure and reshaping power markets.
Allianz Global Investors led the financing on behalf of Allianz Group, committing €100 million ($113 million) to EAAIF. ABSA, one of South Africa’s largest financial services organizations, provided $75 million, and Standard Bank, Africa’s largest lender by assets, contributed an additional $50 million to facilities already
