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 Innovative Benchmark Solutions Advancing Oil Supply Growth We structured a unique ZARONIA-linked debt facility, to foster supply chain resilience and drive innovation in the South African FMCG sector. Read more DEALS Advancing Scalable, Purpose-Built Student Accommodation Absa Corporate and Investment Banking facilitates a R785 million deal to expand South Africa’s student accommodation infrastructure. Read more DEALS Capital for sustainable impact Absa leads a landmark R4.9 billion deal with South Africa’s largest domestic infrastructure equity fund to support African Infrastructure Investment Managers’ (AIIM) strategy at directing capital towards Africa’s priority development sectors. Read more