Abidjan — The African Development Bank (AfDB) has approved a $100 million loan to the Emerging Africa and Asia Infrastructure Fund (EAAIF) to support sustainable infrastructure development across the continent.
According to a statement published on the bank’s website on Friday, the financing is intended to unlock private capital and fund transformative projects in renewable energy, transport, digital connectivity, and other critical sectors.
The facility, approved by AfDB’s Board of Directors, is part of the Bank’s broader strategy to address Africa’s infrastructure financing gap and promote resilient, inclusive economic growth.
The loan also forms a component of EAAIF’s debt-raising programme, under which the Fund aims to secure $300 million in long-term capital in 2025 and deploy more than $850 million across Africa and Asia by 2027.
The statement did not disclose specific countries where the projects will be implemented, but the initiative is expected to play a key role in accelerating infrastructure development across the continent.
