Search En menu en ClientConnect
Top 5 search results See all results Advanced search
Top searches
Most visited pages


    € 71,742,873.53
    Regional - Africa : € 71,742,873.53
    Energy : € 16,500,860.91
    Transport : € 27,262,291.94
    Telecom : € 27,979,720.68
    Signature date(s)
    1/12/2022 : € 16,500,860.91
    1/12/2022 : € 27,262,291.94
    1/12/2022 : € 27,979,720.68

    Summary sheet

    Release date
    21 March 2022
    Signed | 01/12/2022
    Project name
    Promoter - financial intermediary
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    USD 75 million (EUR 75 million)
    USD 500 million (EUR 499 million)
    • Energy - Electricity, gas, steam and air conditioning supply
    • Transport - Transportation and storage
    • Telecom - Information and communication

    Equity fund focusing on value-add infrastructure assets (mainly construction and growth assets) in Africa, with a focus on sub-Saharan Africa.

    The investment team targets both new and existing assets and intends to apply for the latter a buy and build strategy that consists of acquiring controlling stakes in mature operational assets and then developing and optimising them further. The investment team targets essential African infrastructure assets in the mobility and logistics, power and energy transition (specifically renewable energy), as well as digital sectors across mainly in sub-Saharan countries.

    Additionality and Impact

    EIB's investment supports the investment strategy of an established fund manager to create / enhance value of infrastructure assets in transportation, digitalisation, climate action and environmental sectors in sub-Saharan Africa. It also supports the introduction of high standard of environmental, social and governance ("ESG") best practices in the portfolio companies.

    The Fund is focused on sectors with significant growth potential in underserved markets. The operation will address the market failure in risk-assessment that is hindering the development of greenfield infrastructure assets and infrastructure operating companies in the region. It also addresses the gap between supply and demand that are closely linked to lack of capacity and availability of funding for such assets.

    An EIB investment is seen an essential component for the Fund to achieve (i) the target fund size, and (ii) crowd-in new investors.

    The Fund Manager has demonstrated willingness to introduce structural enhancements to be in compliance with EIB Group policies and best market practice.

    The proposal will deliver on several EIB objectives outside the EU. It will contribute to the European Commission's Global Gateway strategy, the Digital4Development policy, the European Green Deal, the Circular Economy Action Plan and priority for Sustainable growth and jobs.

    Environmental aspects

    The fund will be required to have an environmental and social policy and the appropriate management systems in place so as to comply with the social requirements of the Bank. The assessment of the environmental, climate and social impacts and risks will be part of the standard due diligence process that the fund will have to carry out for each portfolio company and any underlying investment and, thereby ensuring that the portfolio and these investments are in compliance with national law and in line with the principles and standards of relevant EU environmental legislation as well as the EIB's Environmental and Social Standards.

    The EIB will require the fund manager to take all requisite measures to ensure that contracts for implementation of the projects financed by the fund will be tendered in line with the Bank's Guide to Procurement.

    Link to source


    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).


    Environmental and Social Data Sheet (ESDS) - AFRICAN INFRASTRUCTURE INVESTMENT FUND 4
    Publication Date
    26 Nov 2022
    Document language
    Main Topic
    Document Number
    Document Focus
    Environmental Information
    Project Number
    Publicly available
    Download now

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

    Media enquiries

    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

    Related publications