Emerging Africa Infrastructure Fund

The project consists of the construction and installation of a single mooring point system to be located adjacent to the port of Tema, significantly improving Ghana’s transport infrastructure.  In 2004, EAIF provided a US$ 12 million loan as part of an overall US$ 35 million debt package for the US$ 58 million project.  The loan was pre-paid early in October 2006.

Description:

This unique airline expansion project was signed in April 2007.  EAIF has committed a US$ 36 million loan with first disbursement scheduled to take place in October 2008. Ethiopian Airlines is a 100% publicly-owned entity often held up as a model business for other airlines in Africa.  The EAIF financing is bridging a crucial gap enabling the airline to purchase additional, new aircraft at a cost of US$ 460 million.  Ethiopian Airlines is the premier formal sector employer, with over 4,500 employees.  In addition, the airline supports the domestic transport sector (on account of the inaccessible terrain) and directly contributes to Ethiopian tourism.