EAAIF invests $45 Million in CrossBoundary Energy for Renewable Projects in Africa

The Emerging Africa & Asia Infrastructure Fund (EAAIF), a Private Infrastructure Development Group (PIDG) company managed by Ninety One, has contributed US$45 million to CrossBoundary Energy Holdings. This funding aims to accelerate the development of renewable energy projects across Africa, focusing on solar, wind, hybrid energy, and battery energy storage systems. EAAIF’s investment is part of a broader US$300 million senior debt facility aimed at strengthening energy infrastructure in key sectors such as manufacturing and telecommunications, ensuring business growth and sustainability in regions facing power shortages.