Transaction Summary
Emerging Africa & Asia Infrastructure Fund (EAAIF), a member of the Private Infrastructure Development Group (PIDG) and managed by Ninety One Guernsey Limited, has provided $45 million in senior debt funding to CrossBoundary Energy (CBE), a division of CrossBoundary Group. Established in 2015, CBE specialises in financed renewable energy solutions for commercial and industrial (C&I) clients across Africa, with a $680 million portfolio of awarded, signed, in-construction, and operating energy assets across solar PV, wind generation, and thermal projects. This investment is part of a $300 million senior debt facility that CBE appointed Standard Bank to arrange for the firm, with the Bank underwriting an initial $140 million tranche in December 2024. This $45 million investment will enable CBE to expand its Commercial & Industrial (C&I) renewable energy projects across Africa, focusing on solar, wind, hybrid systems, and battery storage. The investment targets energy-intensive sectors such as manufacturing, telecommunications, and
