Adviser to EAIF:
www.frontiermarketsfm.com
Frontier Markets Fund Managers (“FMFM”) (formerly known as Emerging Africa Advisers), is the adviser to EAIF's manager SIFMA. Any queries relating to EAIF should be addressed to FMFM in the first instance (see Contact).
Fund Manager of EAIF:
![FMFML Logo [Small]](http://www.emergingafricafund.com/Files/MediaFiles/FMFML%20Small.JPG)
Frontier Markets Fund Managers Limited (“FMFML”) is the fund manager for EAIF. Its shareholders are Standard Bank Group (as the lead sponsor) and FMO of the Netherlands and Emerging Markets Partnership (“EMP”) of the USA (as joint venture partners).
www.standardbank.com www.fmo.nl/ http://www.empwdc.com/
EAIF Sponsors:
www.pidg.org/
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”), the Swedish International Development Coorporation Agency (“SIDA”), the International Finance Corporation ("IFC")/World Bank, the Austrian Development Agency ("ADA") and the Irish Aid.. These PIDG members provide equity totalling US$ 133.5 million to EAIF and $73 million to GuarantCo through the PIDG Trust.
www.dfid.gov.uk/
DFID is the UK Government’s Department for International Development and has acted as the main sponsor of the Fund’s equity having fully underwritten and committed to the initial USD100 million.
DFID has been joined by a grouping of other European based government donor agencies (from Sweden, the Netherlands, and Switzerland) combining through the Private Infrastructure Development Group ("PIDG") to jointly provide the initial USD100 million of equity with the potential to increase this equity commitment at a later stage so offering the potential for the Fund to grow.
www.minbuza.nl/en/home
DGIS is the Dutch Ministry of Foreign Affairs. DGIS has been joined by a grouping of other European based government donor agencies (from UK, Sweden, and Switzerland) combining through the Private Infrastructure Development Group ("PIDG") to jointly provide the initial US$ 100 million of equity.
www.seco.admin.ch/index.html?lang=en
SECO is the Swiss State Secretariat for Economic Affairs. SECO have been joined by a grouping of other European based government donor agencies (from UK, Sweden, and the Netherlands) combining through the Private Infrastructure Development Group ("PIDG") to jointly provide the initial USD100 million of equity.
www.sida.se/?d=121&language=en_UK
SIDA is the Swedish International Development Coorperation Agency. SIDA has been joined by a grouping of other European based government donor agencies (from UK, Switzerland, and the Netherlands) combining through the Private Infrastructure Development Group ("PIDG") to jointly provide the initial USD100 million of equity.
IFC is a member of the World Bank Group. IFC has been joined by a grouping of other European based government donor agencies (from UK, Switzerland, and the Netherlands) combining through the Private Infrastructure Development Group ("PIDG") to jointly provide the initial USD100 million of equity.
Austrian Development Agency (ADA) is the Operational Unit of the Austrian Development Cooperation (ADC). It is incharge of implementing all bilateral programmes and projects in ADC's partner countries and administers the budget earmarked for this. ADA has been joined by a grouping of other European based government donor agencies (from UK, Switzerland, and the Netherlands) combining through the Private Infrastructure Development Group ("PIDG") to jointly provide the initial USD100 million of equity.
Irish Aid is the Government of Ireland's programme of assistance to developing countries.
Irish Aid has been joined by a grouping of other European based government donor agencies (from UK, Switzerland, and the Netherlands) combining through the Private Infrastructure Development Group ("PIDG") to jointly provide the initial USD100 million of equity.
EAIF's Subordinated Lenders:
The Development Bank of Southern Africa ("DBSA"), DEG (a member of the KfW banking group) and FMO provide a total subordinate debt package of US$ 80 million, of which DBSA contributes US$ 25 million, DEG US$ 15 million and FMO US$ 40 million.
www.dbsa.org/
www.deginvest.de/EN_Home/index.jsp
www.fmo.nl/
EAIF's Senior Lenders:
www.barclays.co.uk/
Barclays PLC, Kreditanstalt fur Wiederaufbau (KfW) and Standard Bank of South Africa Ltd are the Senior Lenders to EAIF, providing US$ 180 millionof debt in total, of which Barclays contributes US$ 75 million, KFW US$ 30 million and Standard Bank US$ 75 million.
www.standardbank.co.za/
www.kfw.de/EN_Home/index.jsp
Other PIDG links:
www.guarantco.com
GuarantCo credit enhances local currency debt issuance by private, municipal and parastal entities for infrastructure projects in lower income countries around the World. GuarantCo's objective is to help projects in poorer countries avoid reliance on hard currency financing by building capacity in their domestic markets to deliver viable and sustainable infrastructure financing solutions and assist with the alleviation of poverty.
www.infraco.com
InfraCo aims to stimulate greater private investment in African and Asian infrastructure development by acting as a principal project developer. They are able to take the earliest and highest risks in the development of infrastructure transactions, with the aim of selling them to investors once a full development process has been completed. Their involvement is designed to catalyze new investment in water, power, transport and other related sectors.