The Private Infrastructure Development Group (PIDG) is an innovative infrastructure development and finance organisation. It encourages and mobilises private investment in pioneering infrastructure in the frontier markets of Sub-Saharan Africa and South and South-East Asia.
PIDG has supported 175 infrastructure projects to a financial close. This provided an estimated 223 million people with access to new or improved infrastructure.
Under PIDG’s debt business, the Emerging Africa Infrastructure Fund (EAIF) saw its loan book break through the US$1 billion mark.
As of now, PIDG’s the Emerging Africa Infrastructure Fund (EAIF) has signed eight new projects.This has brought the loan book value to US$1.04 billion. The Fund committed $243 million in new loans to businesses in digital and telecommunications, energy generation, manufacturing, transportation and logistics and bulk storage also.
The Emerging Africa Infrastructure Fund (EAIF) offers loans to mainly private sector infrastructure developers across Africa. Some countries to have benefitted over the years are Nigeria, South Africa, Ghana, Senegal and Côte D’Ivoire.
Recently to have benefited is Zimbabwe. EAIF loaned US$43.7 million to Zimborders, the company that won the Zimbabwe government’s concession to modernise one of the nation’s most important border posts. Typically, EAIF lends between US$10 and US$65 million and can lend to 10 infrastructure sectors.