The African Development Bank (AfDB) Group is stepping up its support for the development of resilient and sustainable infrastructure in Africa. The Bank has announced a new $100 million loan to the Emerging Africa and Asia Infrastructure Fund (EAAIF) .

This funding, recently approved by the Board of Directors of the AfDB, is strategic: it aims to enable the EAAIF to mobilize more private capital for crucial projects on the continent.

💡 Objective: Green Energy and Connectivity

The loan will support the EAAIF in its role as an investor in key sectors, including:

1. Renewable energies .
2. Digital connectivity .
3. Transportation .

These investments are intended to generate inclusive growth and strengthen the climate resilience of African countries.

🤝 A Crucial Partnership for Development

The EAAIF is a Private Infrastructure Development Group (PIDG) company, managed by the investment firm Ninety One . This new funding—the fourth of its kind provided by the AfDB to the Fund—is essential for the EAAIF to continue financing high-impact projects that expand access to essential services and foster sustainable economic transformation in Africa.

This operation is part of the EAAIF's overall program, which aims to secure $300 million in long-term funding by 2025 and to commit more than $850 million to infrastructure in Africa and Asia by 2027.

📢 Leaders Welcome the Impact

Mike Salawou , Director of the Department of Infrastructure and Urban Development at the AfDB, emphasized the importance of the partnership:

“This partnership with the Emerging Africa and Asia Infrastructure Fund allows us to unlock long-term financing for essential projects that stimulate economies, create jobs and improve living conditions in Africa … It also helps to close the continent’s infrastructure financing gap by attracting private capital to high-impact projects in emerging and frontier markets.”

For his part, Sumit Kanodia , director at Ninety One, welcomed the deepening of this collaboration:

“This loan will allow us to finance more projects in renewable energy, digital technology and transport, which promote inclusive growth, create jobs and strengthen climate resilience in the region .”