|Approval Date||11 Dec 2017|
|Signature Date||19 Mar 2018|
|Sovereign / Non-Sovereign||Non Sovereign|
|DAC Sector Code||73010|
The project relates to the financing of the Emerging Africa Infrastructure Fund Ltd (EAIF) in response to the company's strategy to grow its loan portfolio and reduce infrastructure financing gap in the sub-Saharan Africa. EAIF is a debt fund which provides loans to infrastructure projects in Africa. It was established in 2001 and has since then committed over USD$ 900 mln to more than 40 projects in developing countries. In light of Fund's balance sheet strength and its plans to grow the loan portfolio over the next 3-4 years, the existing debt facilities no longer meet the Fund's requirements. Accordingly, the Fund is seeking for new debt facilities of up to US$ 300-350mn through a combination of long and medium term senior secured loans and continued Revolving Credit Facilities.
The project objective is to increase infrastructure investments in SSA through private sector participation.
The final beneficiaries of this funding are public sector actors (such as stand-alone, commercially-managed public enterprises for partial financing of subprojects) as well as those in the private sector (such as small and medium-sized enterprises).
African Development Bank
|Last Update||17 Sep 2021|