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 Absa supports Redefine’s international growth Absa supports Redefine’s international growth through €106 million sustainability-linked financing transaction Read more DEALS Absa supports Waco Africa’s growth ambitions with strategic funding solution Absa Corporate and Investment Banking (CIB) has successfully supported Waco Africa with a comprehensive funding package designed to strengthen the group's growth trajectory and support its long-term strategic objectives. Read more DEALS Connecting African ambition to global expertise Absa CIB and UKEF Establish USD100 Million Trade Finance Programme. Absa Corporate and Investment Banking (Absa CIB) has entered into a strategic partnership with UK Export Finance (UKEF) to establish a USD100 million UKEF-backed headroom programme that will support African small and medium enterprises and corporates purchasing UK goods and services. Read more