AfDB Approves $100 Million Loan to Boost Sustainable Infrastructure via EAAIF

The African Development Bank Group (AfDB) has approved a $100 million loan to the Emerging Africa and Asia Infrastructure Fund (EAAIF), strengthening efforts to expand sustainable infrastructure across the continent.

The financing—endorsed by the Bank’s Board of Directors—will help EAAIF attract additional private capital for projects in renewable energy, digital connectivity, transport, and other critical sectors that drive inclusive growth and enhance climate resilience.

EAAIF, a Private Infrastructure Development Group (PIDG) company managed by investment firm Ninety One, plays a key role in enabling long-term funding for infrastructure in emerging markets. The latest loan will support the Fund’s ongoing mission to channel private investment into high-impact projects that expand access to essential services across Africa.

The operation aligns with EAAIF’s broader 2025–2027 debt-raising strategy, under which the Fund aims to secure $300 million in long-term financing in 2025 and invest over $850 million in infrastructure projects across Africa and Asia by 2027. This is the fourth loan AfDB has extended to the Fund.

Commenting on the approval, Mike Salawou, Director of the Infrastructure and Urban Development Department at AfDB, said the partnership helps unlock long-term financing for projects that “power economies, create jobs, and improve lives across Africa,” while contributing to closing the continent’s infrastructure financing gap.

Sumit Kanodia, Director at Ninety One, welcomed the expanded collaboration, stating that the loan will enable the Fund to finance more renewable energy, digital, and transport projects that “drive inclusive growth, create jobs, and build climate resilience.”