"The Emerging Africa Infrastructure Fund (“EAIF”) was established in January 2002 and is currently a US$753.2 million debt fund, which aims to address the lack of available long-term foreign currency debt finance for infrastructure projects in sub-Saharan Africa.
EAIF offers USD and EUR lending to private companies (or soon to be
privatised companies) for greenfield projects or for refurbishment,
upgrade or expansion of existing facilities.
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$30.0 million (or
equivalent) for any one investment. Loans are provided without the need
for political risk cover...."
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