Sunday, September 7, 2025
24.9 C
Lagos

ADB Delivers $100m Loan to Africa Infrastructure Fund

In the bid to reduce the huge infrastructure financing gap in Sub-Sahara Africa, the African Development Bank has approved US $100 million to The Emerging Africa Infrastructure Fund (EAIF), a Public Private Partnership (PPP) company, to reduce gap.
Through a US $325-365m million debt raise, EAIF intends to develop the fund’s strategy of growing its loan portfolio over the next 3-5 years and to become a sustainable and concrete alternative to development finance institutions and commercial banks. Since its inception, the Fund has played a key role in the infrastructure landscape in Africa, investing in structuring and long-term infrastructure projects, to the tune of over US$1.2 billion in about 70 transactions.
Working closely with the African Development Bank since its inception, EAIF plans to reinforce investments in 49 eligible countries and fragile states with a clear focus on crucial sectors for the development of the continent including power, telecommunication, transportation, manufacturing, among other sectors.
The expected outcomes of EAIF business model will be a clear demonstration of how to achieve green and sustainable growth in Africa; it will include the creation of 3,500 permanent jobs, improved or new access to infrastructure services for millions of people in Africa and investments in environmental, social and gender projects.
The Bank’s investment in EAIF is a reflection of its strategic thrust to achieve four of its five operational priorities notably, Light Up and Power Africa, Feed Africa, Integrate Africa and Improve the quality of life for people in Africa.
In addition, EAIF lending strategy is in line with the Bank’s Private Sector Development Strategy for developing infrastructure, supporting regional economic integration, and providing a platform for private sector development. Finally, the Fund’s focus on the infrastructure sector is well aligned with both the Bank’s and Regional Member Countries’ (RMCs) priorities.

spot_img
spot_img

Hot this week

Nigeria, Brazil Central Banks Deepen Economic, Financial Co-operation

Nigeria’s Central Bank Governor, Olayemi Cardoso, has held talks...

Ecobank Nigeria to Host Second Edition of Design & Build, Showcasing Premier Innovators in Design, Construction

Ecobank Nigeria, a subsidiary of the leading pan-African banking...

Expert: Fintech, Financial Inclusion Critical for Sustainable Growth of Nigerian Economy

A renowned economist, Dr. Biodun Adedipe, the Chief Consultant/CEO,...

Sterling Bank Marks One Year of Africa’s Groundbreaking Core Banking System

Number one Best Workplace in Banking in Nigeria and...

Topics

SSP Celebrates 30 Years in African Insurance Market

SSP is delighted to be celebrating the 30-year anniversary...

5400 Lufthansa Pilots Set for Strike

On the 23rd of November, around 5400 pilots of...

NSE Admits N6.3bn 17-Year WEMA Bond

The Nigerian Stock Exchange has announced the Listing by...

Political Risk Remains Key Concern for Investors in Africa

Political risk will remain a major concern for dealmakers...

Unity Bank, ANWBN Empower Women Entrepreneurs with AI, Digital Marketing Skills 

From left: Mrs. Patricia Ahunanya, Chief Compliance Officer, Unity...

NAICOM Chief, Thomas, Earns Award from College of Insurance Supervisors

  From left in the picture is the Commissioner of...

Valentine’s Day 2023: ‘Spread Love for Sake of Humanity’—STI CEO

As the world is marking Valentine’s Day today, the...

Emirates Hosts Top Abuja Travel Agents, Senior VP Restates Commitment to Nigeria

Emirates Senior Vice President, Badr Abbas and Paulos Legesse,...
spot_img

Related Articles

Popular Categories

spot_imgspot_img