Row rect Shape Decorative svg added to bottom Accelerating transformative Infrastructure development for long-term impact Absa | Corporate and Investment Banking > Insights and Events > Accelerating transformative Infrastructure development for long-term impact SHARE Our $75 million deal with the Emerging Africa & Asia Infrastructure Fund (EAAIF) is set to accelerate infrastructure development for lasting impact - bridging Africa’s long-term debt gap, and supporting projects that promote infrastructure development, economic growth and renewable energy expansion. As a proud Pan-African bank, we are committed to reshaping this story through productive investment opportunities. The deal with EAAIF, a Private Infrastructure Development Group (PIDG) company managed by Ninety One, is a crucial way that we aim to facilitate this change. Established in 2002, EAAIF is a blended finance vehicle that raises and deploys public and private debt capital to unlock transformative infrastructure projects across Africa and Asia. The fund has an active loan portfolio of over $1.5 billion and has funded over 120 impact projects since its inception. As the Mandated Lead Arranger, Original Lender and Facility Agent, our role in this deal will ensure that Ninety One – EAAIF’s Fund Manager – can further invest in a series of high-yielding infrastructure projects. Such projects include, but are not limited to, supporting social infrastructure, agriculture development, digital infrastructure and the supply of renewable energy in countries with power grid challenges. By strengthening our investment in impact-related African projects that matter, EAAIF is aligned with our mission to invest in Africa’s future and tangibly support the communities we serve. The deal underpins EAAIF’s expansion into Asia, which equally supports our global investment objectives. We are committed to continuing to fund transformative projects that enhance economic expansion, create impact and maximise our clients’ long-term investment goals. Contact Shyam Ganda for more information https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Capital that builds confidence in South Africa’s tomorrow Absa Corporate and Investment Banking (CIB) is proud to partner with the South African National Treasury as the sole lead arranger and infrastructure finance structuring agent of a R11.8 billion Infrastructure and Development Finance Bond. This purpose-driven instrument is designed to finance or refinance priority infrastructure under the Government’s Budget Facility for Infrastructure (BFI) programme. Read more DEALS Building Namibia’s fiscal strength through purpose-led partnership Supporting the Government of the Republic of Namibia with a ZAR 1.5 billion facility that enables Eurobond repayment obligations and strengthens domestic fiscal resilience. Read more DEALS Distributed Energy. Powering Africa’s low-carbon leap Absa supports CrossBoundary Energy’s $225 million capital raise, contributing up to $100 million to expand renewable infrastructure, enable the mining of critical transition metals such as copper, and extend energy access across underserved African markets. Read more
