The African Development Bank has approved a $100 million loan to the Emerging Africa and Asia Infrastructure Fund, a major step toward accelerating sustainable infrastructure development and attracting private investment across the continent. The financing package, announced in a statement on the Bank’s website, is positioned to support transformative projects in renewable energy, transport, digital infrastructure and other vital sectors that drive economic growth and job creation.
The loan, endorsed by the AfDB Board of Directors, aligns with the Bank’s broader mission to narrow Africa’s massive infrastructure financing gap while promoting resilient and inclusive development. The support forms part of EAAIF’s ongoing debt-raising programme, through which the Fund seeks to secure $300 million in long term capital in twenty twenty five and channel more than $850 million into high impact projects across Africa and Asia by twenty twenty seven. Specific beneficiary countries were not disclosed in the statement.
AfDB officials emphasised the strategic importance of the partnership. Mike Salawou, Director of the Infrastructure and Urban Development Department, said the collaboration with EAAIF will unlock financing for essential projects that power economies, create jobs and improve living standards across the continent. He noted that leveraging private capital is critical to bridging Africa’s infrastructure deficit and delivering large scale development outcomes in emerging and frontier markets.
Representatives of Ninety One, the investment manager for EAAIF, also welcomed the new facility. Director Sumit Kanodia said the loan will help the Fund expand support for renewable energy, digital connectivity and transport projects—sectors that drive inclusive growth, strengthen climate resilience and stimulate long term economic activity. The Fund, housed under the Private Infrastructure Development Group, has built a reputation as a key platform for mobilising private financing in challenging markets.
This latest contribution marks the African Development Bank’s fourth loan to EAAIF, underscoring the continued commitment to accelerating sustainable development and unlocking opportunities for millions across Africa.
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