Tuesday, July 8, 2008

Emerging Africa Infrastructure Fund (EAIF)

The Emerging Africa Infrastructure Fund (“EAIF”) was established in January 2002 and is currently a US$365 million debt fund, which aims to address the lack of available long-term foreign currency debt finance for infrastructure projects in sub-Saharan Africa.

While EAIF lends on commercial terms, it aims to support projects that promote economic growth and reduce poverty, benefit broad-based population groups, address issues of equity and participation, and promote social, economic and cultural rights.

Investments with a tenor of up to 15 years can range from a minimum of US$10 million (or equivalent) to a maximum of US$36.5 million (or equivalent) for any one investment. Loans are provided without the need for political risk cover.

No comments:

Post a Comment

You are welcomed to leave a message!

Related Posts Plugin for WordPress, Blogger...