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To be used to invest in projects on the continent as well as diversifying into Asia.
The fund is banking on increased interest in Africa from investors looking for bigger returns than they can get in Europe and the US.
Emerging Africa Infrastructure Fund plans to raise as much as $500 million (R8.5 billion) over the next three years to invest in infrastructure projects on the continent.
Project finance for infrastructure in emerging economies is one of the central issues of the upcoming COP26 agenda. For the Emerging Africa Infrastructure Fund (EAIF) and its parent organization, the Private