Debt Solutions

Providing long-term commercial debt capital solutions to sustainable and impactful infrastructure projects in Africa and Asia.

We raise, provide and deploy the stable, long-term commercial debt that projects need but private and public capital markets often struggle to provide – or provide in the right maturities, with the right risk profile. In doing so with tailormade solutions, we increase the viability and attractiveness of projects, helping them progress towards completion. Our debt fund is the Emerging Africa & Asia Infrastructure Fund (EAAIF). EAAIF is managed by Ninety One’.

Key facts about EAAIF

Long-term, flexible infrastructure debt financing:

EAAIF provides senior, subordinated, mezzanine, and Islamic financing with terms of up to 20 years, supporting mainly greenfield and selectively brownfield infrastructure across Africa and Asia, primarily in hard currency.

Pioneering blended finance:

Since 2002, EAAIF has committed over USD 3 billion across 130+ transactions in 23 countries and 9 infrastructure sectors. It maintains an A2-stable Moody’s rating.

Catalysing private sector mobilisation:

With over USD 16 billion in private capital mobilised and strong de-risking capabilities, EAAIF plays a key role in attracting commercial investment into challenging markets.

Strong development and impact focus:

Our projects are aligned with the Sustainable Development Goals, with over 150 million people benefiting from improved infrastructure provided through EAAIF and a focus on gender empowerment, climate action, and poverty reduction.

Rigorous ESG and risk management:

EAAIF integrates robust Health, Safety, Environmental and Social (HSES) governance across the investment lifecycle, ensuring compliance with international standards and measurable sustainable impact.

Working together

For over 20 years, we have leveraged our convening power and track record to attract private investors to infrastructure projects in fast-growing markets. As a group, we overcome any financial, technical or environmental challenges and make impactful projects investment-ready, creating bankable infrastructure opportunities.

Our debt financing capabilities complement our other solutions, i.e., guarantees, project development, and technical assistance, significantly advancing the number of transformative projects that can be delivered each year.

Backed by prominent financial institutions, and managed by Ninety One, a specialist emerging markets focussed global asset manager, EAAIF's diversified investment portfolio and distinct approach to investing deliver attractive risk-adjusted returns. Our disciplined approach enables us to take on risk and protect investment whilst maintaining a minimal default rate.

The Fund has a A2 – Stable long term foreign issuer rating by Moody’s.

The projects we support unlock significant, measurable and sustainable socio-economic impact while prioritising health, safety, gender, diversity and ESG performance.