Emerging Africa & Asia Infrastructure Fund

2024 was a transformative year for the Emerging Africa & Asia Infrastructure Fund, a The Private Infrastructure Development Group company, managed by Ninety One. We successfully expanded into Asia, completed 13 high-impact investments (a record) and had our A2 credit rating reaffirmed by Moody’s. We committed USD 347 million to 13 new transactions, including our first two investments in Asia in Pakistan and Vietnam. Key highlights below: Innovative finance: EAAIF continues to lead with tailored capital solutions, anchoring pioneering bonds in critical sub-sectors such as solar PV and digital infrastructure. Renewable energy: We supported the deployment of new solar PV generation alongside storage capacity and hydropower infrastructure. Future investments: We aim to invest over USD 1 billion in debt capital for transformative infrastructure projects across Africa and Asia over the next four years. New debt raise: Stay tuned - we’ll soon announce another debt raise with strong private sector participation. As we move ahead into 2025, we remain committed to financing game-changing infrastructure projects that boost productivity, drive economic growth, and foster inclusive, sustainable development across Africa and Asia. #Infrastructure #Sustainability #ImpactInvesting #EAAIF #AfricanDevelopment #AsianDevelopment #PrivateDebt

The Private Infrastructure Development Group company InfraCo Africa Ltd (InfraCo) signed an agreement to sell its 25% stake in Golomoti JCM Solar Corporation Ltd to Old Mutual Infrastructure Investment Trust Fund (Malawi) which sits within Old Mutual Investment Group Malawi’s Alternative Investments capability. Old Mutual Malawi’s involvement will be beneficial in reducing currency exchange risk on the project whilst attracting future investment into the country’s renewable energy sector.    Speaking after the signing, Ravi Dhanani, PIDG Senior Asset Manager for InfraCo, said, “We are excited to be engaging with Old Mutual Malawi, which is committed to Responsible Investing, and to supporting Malawi’s renewable energy sector as part of its diversified infrastructure portfolio.” Mr Dhanani continued, “This transaction epitomises PIDG’s project development offering – InfraCo – and aligns well with our Group-wide strategy to unlock new sources of funding for sustainable infrastructure. We use our public funding to de-risk infrastructure projects, working with private sector partners to develop them to the highest standards of health, safety, environmental and social governance, and business integrity; just as we have done here in Malawi together with JCM Power. We then seek to sell our stake in these profitable assets to reputable investors such as Old Mutual Malawi – enabling us to recycle our Owner funding into the development of new, #climateresilientinfrastructure across Africa.” Read more here: https://lnkd.in/eqRZkQWM Foreign, Commonwealth and Development Office, Ministerie van Buitenlandse Zaken, SECO Economic Cooperation and Development

We're delighted to announce that Swedfund International, Sweden's development finance institution, has invested EUR 40 million in the Emerging Africa & Asia Infrastructure Fund, The Private Infrastructure Development Group Company. Building on EAAIF's USD 294 million debt raise in January 2024, Swedfund's commitment brings us closer to our target to raise USD 500 million by the end of 2025. Commenting on the commitment, Martijn Proos, co-head of Emerging Market Alternative Credit at Ninety One, Fund Manager of EAAIF, said the funds will strengthen EAAIF's position to "deliver climate-resilient, inclusive infrastructure projects that transform economies and improve lives in Africa and Asia." EAAIF plans to invest over USD 1 billion in Asian and African economies over the next four years. As we ramp up our mission to drive sustainable development development and climate action in Africa and Asia, we look forward to announcing more progress on our debt raise with strong private sector participation. #privatedebt #africa #asia #infrastructure #climate #developmentfinace #impact

Over the next four years, the Emerging Africa & Asia Infrastructure Fund plans to invest over $1 billion in Africa and  Asia. The pledge forms part of our mandate to deliver transformative infrastructure in dynamic growth markets in Africa and Asia - enhancing the resilience of vulnerable communities in low and middle-income countries affected by the climate crisis. The Fund, managed by Ninety One, shares expertise from the global asset manager's project, corporate and structured finance, de-risking expertise, and leverages over two decades of the The Private Infrastructure Development Group's development and finance of high-impact infrastructure in emerging markets. Roland Janssens, Managing Director at Ninety One and Fund Manager to EAAIF, spoke with Tom Taylor for Infrastructure Investor about EAAIF's expansion to Asia, drawing on recent transactions in #Pakistan, #Vietnam and our diversified portfolio of job-creating infrastructure across Africa and Asia. Click to read the full article here: https://lnkd.in/e8gR_EUA #privatedebt #africa #asia #infrastructure #climate #development #impact

A new report co-led by PIDG, Mercer, and Aviva Investors, focuses on unlocking capital from institutional investors towards emerging markets and developing economies. Read the full report: https://lnkd.in/gBpymquV

In this article by ImpactAlpha, Esther Chan , CFA, Investment Director at Ninety One, explores how EAAIF is leveraging its expertise from investing in Africa’s developing markets to create opportunities in Asia. Asian and African markets share similar challenges - both are rapidly urbanising and highly vulnerable to climate change. At EAAIF, we are applying insights from over two decades of providing flexible, patient capital to infrastructure projects in Africa to drive impact in Asian markets. “In Asia you would find that it’s a lot more banked and there’s a lot more financing chasing the same opportunities, but they’re all in senior, secured financing and not actually in the more subordinated or more difficult, small to mid-sized companies which are actually doing the important work in (energy) transitioning in the country” . Read the article, “How EAAIF is leveraging its African expertise to drive infrastructure financing in Asia” here: https://lnkd.in/d4rPGuwH EAAIF is a The Private Infrastructure Development Group company managed by Ninety One.

🚀 Investment Announcement 🚀 We are proud to announce our second transaction in Asia, investing $20 million in CME - Copper Mountain Energy to support the rollout of rooftop solar projects for commercial and industrial clients in Vietnam. Vietnam is one of the world's largest manufacturing hubs for global businesses. With coal-fired power accounting for 45% of the country's energy supply in recent years, there is an urgent need to help Vietnam meet its development objective to promote green growth, reduce energy consumption, and accelerate the energy transition in key industries. By providing catalytic capital that will mobilise additional financing needed by CME Solar to roll out its pipeline, this transaction contributes to the uptake of solar-powered technologies along supply chains in Vietnam, which enhances business resilience and helps companies reach climate targets. The transition of Vietnam's manufacturing sector to solar energy will significantly reduce carbon emissions in the country while continuing to support the sector's green growth and economic dynamism. Congratulations to all involved! EAAIF is The Private Infrastructure Development Group company, managed by Ninety One. #Vietnam #C&Isolar #InfrastructureInvestment #2025infradeals

🚀 Investment Announcement 🚀 We are delighted to announce a EUR 28 million investment in a 52 MW solar photovoltaic (PV) plant in northern Côte d’Ivoire. The commitment will provide a critical source of power for underserved businesses and communities around the city of Ferkessédougou which sits at a major crossroad with direct routes to border crossings into Mali and Burkina Faso.  The West African Development Bank (BOAD) which acted as the mandated lead arranger, also invested EUR 24 million equivalent in local currency in the project which will be developed by PFO Energies, a wholly owned subsidiary of PFO Africa - one of the largest construction companies in Côte d’Ivoire. The transaction represents a significant milestone as the first solar IPP to announce financing and the first by a domestic company. The investment will support the development of Côte d’Ivoire’s private sector, providing a roadmap for local companies to partner with international financiers to plug energy access gaps. EAAIF is a The Private Infrastructure Development Group company, managed by Ninety One. #Solar #Côted’Ivoire #IncreasingEnergyAccess #IPP #InfrastructureDebt

🚀 Investment Announcement 🚀 We are delighted to announce a $40 million investment in Hassan Allam Utilities to support the development of 2.3 GW of renewable energy projects in Egypt. The strategic investment will be used to develop multiple greenfield renewable energy projects including the Suez 1.1 GW Wind Project - one of the largest renewable energy projects ever financed in Africa. Our investment will also support the development of the 1.2 GW Benban and Wahat Solar photovoltaic (PV) plants and the associated 720 MWh battery energy storage systems (BESS). Upon completion, the projects will significantly increase Egypt’s renewable energy capacity which accounted for 6.7 GW in 2023. EAAIF is a The Private Infrastructure Development Group company, managed by Ninety One. #Egypt #SuezWindProject #RenewableEnergyInvestment #InfraDevelopment