EAIF was initiated by the Private Infrastructure Development Group (“PIDG”), whose founding members are the UK Government’s Department for International Development (“DFID”), the Netherlands Ministry of Foreign Affairs (“DGIS”), the Swiss State Secretariat for Economic Affairs (“SECO”) and the Swedish International Development Corporation Agency (“SIDA”). These PIDG members provide equity to EAIF through the PIDG Trust.
Senior and subordinated debt is provided by commercial lenders and Development Finance Institutions (“DFIs”).
The current structure is as follows:
Equity (provided by the PIDG group)
PIDG Trust
Subordinated debt (provided by DFIs)
Nederlandse Financierings-Maatschappij Voor Ontwikkelingslanden N.V. (FMO)
Development Bank of Southern Africa (DBSA)
Deutsche Investitions – Und Entwicklungsgessellschaft mbH (DEG)
Senior debt (provided by private sector lenders)
Barclays Bank Plc
Kreditanstalt fur Wiederaufbau (KfW), Germany
Standard Bank of South Africa Ltd (SBSA)
International Finance Corporation (IFC)
African Development Bank (AfDB)
Oesterreichische Entwicklungsbank AG (OeEB)
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US$ 150 million
US$ 150 million
US$ 85.0 million
US$ 40.0 million
US$ 25.0 million
US$ 20.0 million
US$ 365 million
US$ 100.0 million
US$ 95.0 million
US$ 87.5 million
US$ 36.25 million
US$ 31.25 million
US$ 15.0 million
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Total Fund Capital |
US$ 600 million | |