The loan approved by the ADB Board of Directors, aims to mobilize private investments for high-impact projects that increase access to essential services, stimulate economic growth and promote the energy transition on the continent. The EAAIF benefits as well as major support for the development of energy infrastructures renewables, digital connectivity, transport and other sectors keys contributing to inclusive growth and climate resilience. For the director of the Department of Infrastructure and Urban Development of the BAD. Mr. Mike Salawou, “this partnership with EAAIF gives us makes it possible to unlock long-term financing for essential projects that stimulate economies, create jobs and improve the conditions of living in Africa.” According to him, this funding also helps to fill the continent's infrastructure financing gap by attracting private capital for high-impact projects.

This funding is part of the program of fundraising by the EAAIF, which aims to mobilize 300 million dollars in 2025 and to invest more than 850 million dollars in sustainable infrastructures in Africa and Asia by 2027. It's about the fourth loan granted by ADB to this Fund.

The director at Ninety One, Sumit Kanodia, indicated in his opinion that this loan will allow his structure to finance more renewable energy projects, the digital technology and transport, thus promoting inclusive growth, the job creation and climate resilience in the region.