The African Development Bank Group has approved a $100 million loan to the Emerging Africa and Asia Infrastructure Fund (EAAIF), strengthening efforts to scale climate-resilient and inclusive infrastructure across the continent. The financing will help the Fund attract additional private investment into renewable energy, digital connectivity, transport, and other priority sectors that support economic transformation.
EAAIF, a Private Infrastructure Development Group (PIDG) company managed by Ninety-One, uses blended finance to mobilise long-term private capital into high-impact infrastructure in frontier markets. With this new facility, the Fund is positioned to advance its 2025 debt-raising target of $300 million and execute plans to invest more than $850 million across Africa and Asia by 2027. This marks the African Development Bank’s fourth loan to EAAIF.
AfDB’s Director for Infrastructure and Urban Development, Mike Salawou, said the partnership expands financing for projects that power economies, create jobs, and close Africa’s infrastructure funding gap. Ninety-One Director Sumit Kanodia noted that the support will accelerate investment in renewable energy, digital systems, and transport, strengthening inclusive growth and climate resilience across the region.
