AfDB approves $100m loan to EAAIF to accelerate sustainable infrastructure projects

Details: Manny Pham; Category: Investment; 14 November 2025; 13555 views

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

The financing will help EAAIF - a Private Infrastructure Development Group (PIDG) company managed by Ninety One - mobilise additional private capital for projects in renewable energy, digital connectivity, transport and other sectors central to inclusive growth and climate resilience.

The loan forms part of EAAIF’s wider fundraising plan to secure US$300 million in long-term debt in 2025 and deploy over US$850 million in Africa and Asia by 2027. It is the fourth loan the African Development Bank has extended to the fund.

Mike Salawou, Director of Infrastructure and Urban Development at the Bank, said partnering with EAAIF helps “unlock long-term financing for critical projects that power economies, create jobs and improve lives,” while also drawing more private investment into high-impact markets.

Sumit Kanodia, Director at Ninety One, said the funding will allow the vehicle to scale renewable energy, digital and transport projects that “drive inclusive growth, create jobs and build climate resilience across the region.”