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Breaking News | Africa: Emerging Africa Infrastructure Fund's Loan Book Breaks U.S.$1 Billion Mark


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The Private Infrastructure Development Group’s (PIDG) long-term infrastructure debt business, the Emerging Africa Infrastructure Fund (EAIF) saw its loan book break through the US$1 billion mark in 2020, with Zimbabwe becoming the 18th African country in its current portfolio.
EAIF signed eight new projects, bringing the loan book value to US$1,04 billion. The Fund committed $243 million in new loans to businesses in digital and telecommunications, energy generation, manufacturing, transportation and logistics and bulk storage.
Managed by asset managers, Ninety One, EAIF offers loans to mainly private sector infrastructure developers across Africa and parts of the Levant.
It can lend between US$10 and US$65 million to 10 infrastructure sectors. In 2020, Zimbabwe became the 18th African country in the fund’s current loan portfolio to benefit from EAIF support. ....

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DP World to build new port in Senegal costing over $1 billion


By Reuters Staff
2 Min Read
FILE PHOTO: Terminal tractors line up to load containers into a cargo ship at DP World s fully automated Terminal 2 at Jebel Ali Port in Dubai, United Arab Emirates, December 27, 2018. REUTERS/ Hamad I Mohammed/File Photo
DUBAI (Reuters) - Global port operator DP World has signed agreements with the government of Senegal to develop a deep-water port at Ndayane worth a total of $1.127 billion, its biggest investment in Africa to date, the company said on Wednesday.
DP World Dakar, a joint venture between the Dubai-based logistics provider and the Port Authority of Dakar (PAD), will finance, design and develop land and maritime infrastructure for the new 600-hectare (1483 acres) port about 50 km from the existing port. ....

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DP World to build new port in Senegal costing over <!-- All in One SEO 4.0.7 --> billion


DP World to build new port in Senegal costing over $1 billion
Global port operator DP World has signed agreements with the government of Senegal to develop a deep-water port at Ndayane worth a total of $1.127 billion, its biggest investment in Africa to date, the company said on Wednesday.
DP World Dakar, a joint venture between the Dubai-based logistics provider and the Port Authority of Dakar (PAD), will finance, design and develop land and maritime infrastructure for the new 600-hectare (1483 acres) port about 50 km from the existing port.
The agreement to build the port was reached after talks between President Mack Sall and DP World Chairman Sultan bin Sulayem and is in addition to existing plans for DP World to develop and operate a 300-hectare container terminal in the Port of Dakar. ....

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