The Appleby Mauritius team led by partner Sharmilla Bhima has advised The Emerging Africa & Asia Infrastructure Fund, a Mauritian fund (EAAIF) on all aspects of Mauritius law in connection with its borrowing from Swedfund International AB to advance climate finance and digital infrastructure projects in Africa and South Asia.
This financing follows our EAlert of 22 January 2024 which disclosed the USD294 million financing as part of the EAAIF’s ambition to raise USD500 million by 2025, to further develop infrastructure in Africa and EAAIF’s now larger vision to capture the Asian continent and thereby invest above USD1 billion in African and Asian economies.
The recent Swedfund financing takes the project further as it extends it to Asia in relation to climate-resilient projects “that transform economies and improve lives in Africa and Asia” , including digital connectivity.
For more information on the deal please review the link below:
Swedfund Strengthens Sustainable Development with $41 Million Investment in EAAIF
Emerging Africa & Asia Infrastructure Fund attracts new investor
