Emerging Africa Infrastructure Fund (EAIF) has granted a $30 million senior loan to AXIAN Energy to support its expansion plan to produce over 460 megawatts (MW) of renewable energy in Africa within 10 years.

Axian Energy is a leader in oil and gas distribution in Madagascar. Since 2017, it has been committed to a strategic plan that aims to develop its activities in the renewable energy sector. The Private Infrastructure Development Group (PIDG) company, EAIF supports AXIAN's ambition to develop its carbon-free energy activities and to diversify through the acquisition, development and execution of new solar power plant projects in several African countries including Senegal, Madagascar, Africa, Africa, Africa, Africa, Africa, Africa, Africa, Africa, Africa, Africa, Africa, Africa, Africa, Africa, France, Africa, Africa, Africa, Africa, Africa, Africa, Africa, Africa, Africa, Africa, Africa, Africa, Africa, Africa, Africa, Africa, Africa, Africa, France, Africa, Africa, Africa, Africa, Africa, Africa, France, Africa, Africa, Africa, Africa, Africa, Africa, Africa, France, France, France, France, France, France, France, Africa, Africa,

This investment is part of EAIF's mission to improve access to energy. It will be used by companies in the AXIAN group providing electricity in rural areas where access to reliable energy is poor or non-existent