The Emerging Africa & Asia Infrastructure Fund (EAAIF), a Private Infrastructure Development Group (PIDG) company managed by Ninety One, has anchored Axian Telecom’s $600 million bond issuance to drive Africa digital growth.
EAAIF invested $40 million as part of a $160 million anchor investment alongside the International Finance Corporation (IFC), British International Investment (BII), DEG, and Proparco.
The transaction’s orderbook saw a final 200 per cent oversubscription, attracting over $1.3 billion in demand, underscoring strong investor confidence in Axian Telecom’s growth trajectory and Africa’s vibrant digital sector.
EAAIF’s investment will support, among other key initiatives, Axian Telecom’s capital expenditure across its subsidiaries, driving economic growth and providing improved digital infrastructure to millions of people.
The CEO of Axian Telecom, Hassan Jaber said, “we are honoured by the trust placed in us by EAAIF and our fellow anchor investors. Their support for this bond issuance is a strong vote of confidence in our long-term vision and the impact of our work.
“This financing enables us to scale innovative digital infrastructure across our markets and to bring transformative connectivity to millions, fostering inclusive growth and strengthening AXIAN Telecom’s role in advancing Africa’s digital future.”
Director, Emerging Market Alternative Credit, Ninety One, the Fund Manager of EAAIF, Tidiane Doucoure said, “the development of African capital markets is and will remain a priority for PIDG and Ninety One. Expanding access to digital services unlocks new economic opportunities, and greater financial inclusion, which are crucial drivers for intra-African trade and entrepreneurial growth. This oversubscribed transaction underscores the immense potential of African businesses and the growing confidence of global investors in the region’s digital future and champions like Axian Telecom.”
The Emerging Africa & Asia Infrastructure Fund is a blended finance vehicle that raises and deploys public and private debt capital to transformative infrastructure projects across Africa, the Levant and South and Southeast Asia. EAAIF provides various debt products on commercial terms to infrastructure projects primarily owned, actively managed, and operated by the best in private sector expertise.
