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Emerging Africa Infrastructure Fund to invest in West African hydro and solar

By David Whitehouse
Posted on Friday, 19 March 2021 20:43

Burkina Faso’s Prime Minister Christophe Dabiré launched the construction of the Pâ photovoltaic power plant in February 2020. Picture courtesy of Urbasolar Group.

The Emerging Africa Infrastructure Fund (EAIF) plans further investments in hydro and solar power in West Africa after making a loan for a solar power plant in Burkina Faso.

Talks on the hydropower investment in an unnamed country in Francophone West Africa, which will be worth at least $100m, are “very well advanced” and may be concluded in the next couple of weeks, says Paromita Chatterjee, investment director at Ninety One, the asset manager that runs the EAIF.