Emerging Africa Infrastructure Fund’s $385 Million Debt Fundraising

Norton Rose Fulbright has advised Emerging Africa Infrastructure Fund (EAIF), in relation to its latest round of debt fundraising, in which EAIF raised approximately US$385million in new long-term debt capital to invest in sub-Saharan African infrastructure projects.

The new funds will be used by EAIF over the next five years in infrastructure projects across Africa enabling EAIF to mobilise private sector capital for investment in African infrastructure.

The consortium of lenders includes a mix of development finance institutions and commercial lenders (banks and non-bank financial institutions) and comprises KFW, FMO, Standard Chartered Bank, Standard Bank, African Development Bank and Allianz.

EAIF is part of the Private Infrastructure Development Group (PIDG), a donor-backed organisation that encourages private sector infrastructure investment in the world’s lowest-income countries. PIDG blends public and private finance to reduce investment risk, promote economic development and combat poverty.

The Norton Rose Fulbright team advising EAIF was led by partner, Neha Khosla (Picture), and included senior associate Alexandros Zekkos.The team also included partners Dominic Stuttaford in tax, Sherina Petit in disputes and arbitration and EAIF’s relationship partner, Madhavi Gosavi.

Involved fees earner: Neha Khosla – Norton Rose Fulbright; Madhavi Gosavi – Norton Rose Fulbright; Dominic Stuttaford – Norton Rose Fulbright; Sherina Petit – Norton Rose Fulbright;

Law Firms: Norton Rose Fulbright;

Clients: Emerging Africa Infrastructure Fund;

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