The European Investment Bank (EIB) has committed USD 80 million to the Pembani Remgro Infrastructure Fund II (PRIF II), its largest-ever investment in an African fund. Pembani focuses on transformative infrastructure projects – including renewable energy, digital infrastructure and transportation – that advance climate action and sustainable development across sub-Saharan Africa. This investment supports the EU Global Gateway strategy, which aims to mobilise EUR 300 billion for global infrastructure, with half dedicated to Africa by 2027. By leveraging EIB participation, the fund manager has exceeded its target size, reaching USD 355 million in total commitments, enhancing its capacity to deliver on the ground….
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