The International Finance Corporation (IFC) and the Emerging Africa Infrastructure Fund (EAIF) are investing more than €91 million in the first securitisation of the Electricity for All Programme (PEPT) in Ivory Coast:. This transaction, denominated in local currency, is aimed at electrifying 800,000 households.
Implementation of the Electricity for All Programme (PEPT) is set to accelerate over the next few years in Ivory Coast:. A bond issued by a local-currency securitisation vehicle to support this Ivorian government initiative has attracted an investment of 60 billion CFA francs (more than 91 million euros) from two investors.
The International Finance Corporation (IFC), a subsidiary of the World Bank Group, and the Emerging Africa Infrastructure Fund (EAIF) of the Private Infrastructure Development Group (PIDG) are each contributing 30 billion CFA francs, or more than 45.7 million euros. This is the first social bond to be issued for access to electricity within the West African Economic and Monetary Union (WAEMU). This debt instrument, which is currently very little valued in Africa, is used to finance or refinance social projects.
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