Working closely with the African Development Bank since its inception, EAIF
plans to reinforce investments in 49 eligible countries and fragile states with a clear focus on crucial sectors for the development of the continent including power, telecommunication, transportation, manufacturing, among other sectors.
The Banks investment in EAIF
is a reflection of its strategic thrust to achieve four of its five operational priorities notably, Light Up and Power Africa, Feed Africa, Integrate Africa and Improve the quality of life for people in Africa.
The financing exercise has been a model of cooperation between EAIF
, the AFDB, the Government of Rwanda, and Metito.
Calabro and EAIF are hard to situate politically; they have not been labeled "hate groups" by organizations like the Southern Poverty Law Center.
The EAIF was involved in the controversial case of 15-year-old Lisa McClelland, who petitioned authorities at Freedom High School to form a Caucasian Club in predominantly (64 percent) white Oakley in Contra Costa County, just an hour's drive from liberal San Francisco.
Calabro shared with me an EAIF kit, which contained instructions on "Forming Campus Chapters" at high schools and colleges ("Example: In a speech class, speak about EAIF recognition and note any positive reaction"); a copy of California Assembly Resolution 91, designating October "European American Heritage Month" in California; and a Wall Street Journal op-ed by classics and history professor--and PNAC supporter--Donald Kagan.
Chair of EAIF
, David White, said the fund has setup itself as a market leader in infrastructure finance in Africa and is now all set to be a larger and more potent force in the economic growth of sub-Saharan Africa.
Co-head of Africa fixed income at Investec, Nazmeera Moola, who will lead EAIF
operations, said,"The large demand for funding on the continent and the necessity for effective infrastructure development provides a strong investment backdrop.
Major organization : MDY LEGAL ACTING AS AGENT FOR AND ON BEHALF OF THE EMERGING AFRICA INFRASTRUCTURE FUND LIMITED ( EAIF
) AND GUARANTCO LTD ( GUARANTCO ) AND FRONTIER AFRICA INVESTMENT RESOURCE LIMITED ( FAIR ) (A SOON
This financial product is unique in that EAIF can draw and repay funds two times per month, in US dollars and in euros, while the currencies of both the facilities can be swapped twice a year.
The current transaction follows from a longstanding and strong partnership between FMO and EAIF.
This is one of the key lessons of the EAIFS summit (East Africa Islamic Economy Summit) which took place in Nairobi, an Islamic Economy summit organised in East Africa.