PIDG Pulse showcases the impactful work of the Private Infrastructure Development Group. For 20 years the company has funded innovative infrastructure projects in Sub-Saharan Africa and South & Southeast Asia, to lift the world’s most fragile countries out of poverty. Through economic growth and with a particular emphasis on creating safer and more sustainable communities, PIDG has changed the lives of more than 200 million people. Find out more at www.pidg.org.
Welcome to the second episode of Increasing Risk Tolerance to Drive Impact – a podcast series from the Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group company – exploring ways to develop game-changing infrastructure in underserved geographies. Most infrastructure has been designed, implemented or run by men, often without considering female participation in decision-making, development or operation of projects. A common, albeit mistaken, assumption is that women automatically benefit from infrastructure projects in the same way as men.
The future of development finance is bright, as a number of exciting announcements were made at the COP28 climate conference last year. From a £391 million investment in PIDG, to the announcement of a new credit enhancement facility in Kenya, 2024 will be a year of positive change. PIDG’s strategy for the coming decade is ambitious, but despite a challenging 2023 it has been successful in placing climate and gender front and centre of its investment decisions.
The popularity of gender lens investing is rising rapidly. The landscape is constantly evolving, with regular new developments transforming the investment landscape. And at PIDG we’re actively shaping this evolution through innovative approaches and collaborations. Much has changed since our last episode on International Women’s Day, when we announced the PIDG Gender, Equity, Diversity and Inclusion (GEDI) Action. Here we expand on that discussion and find out how the GEDI has been received.
Welcome to the first episode of Increasing Risk Tolerance to Drive Impact – a podcast series from the Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group company – exploring ways to develop transformative infrastructure in underserved geographies across Africa.
Without addressing the urgent challenge of the climate crisis and the economic and geopolitical issues that it brings, sustainable development and poverty reduction are not possible. To ensure we’re equipped to deal with the many challenges the coming decade will present, the PIDG 2023-30 Strategy makes sustainable development and action on climate and nature the company’s central purpose.
A year on from our last International Women’s Day conversation about gender lens investing, much has been done to advance the agenda. PIDG’s own efforts have evolved, leading to the creation of the PIDG Gender Equity Diversity and Inclusion initiative, GEDI.
Many know about the climate crisis, but what’s often less covered is the biodiversity crisis. However, the two crises are intimately linked, and it’s critical that both are considered in our approach to investing in infrastructure. With the biodiversity conference COP15 underway we’re finding out how and why we need to take action to halt and reverse nature loss.10 min
With the COP27 climate conference in Egypt now at a close, the PIDG team has been reflecting on the outcomes. With the focus firmly on climate adaptation and resilience, rather than emissions reductions, we ask - are our climate goals ambitious enough? Many of the countries in which PIDG operates are the most vulnerable to climate change, and that’s why it's working hard across its portfolio to invest in sustainable infrastructure.30 min
As we reflect on 2021, we see that despite the pandemic-induced challenges of the last two years, amazing developments have been made in providing infrastructure to those who need it most. In this current global climate, PIDG’s mission is more relevant today than when it was first established. And with 19 projects closed last year, and a continued commitment to the SDGs, progress is not slowing down.
Many ‘first of its kind’ projects can’t get off the ground, despite their potential to create real impact. Particularly in low and middle income settings, infrastructure projects facing unusually high development costs may not be deemed financially viable. And that’s where PIDG Technical Assistance comes in, to bridge the financing gap and meet a range of needs associated with the infrastructure project development cycle.
As governments come under fire over a lack of action on climate change, it’s becoming increasingly clear that words are not enough. At PIDG we take our role in climate action seriously - it’s a major consideration in every single investment and operation decision we make. Lower income countries, those that PIDG operates in, may produce the least carbon emissions, but they’re the hardest hit by climate change. So how do we ensure investment is directed where it’s needed most?21 minutes
Kenya is a crucible of innovation within East Africa. PIDG companies have been based in Kenya’s capital, Nairobi, for more than five years, and are helping to pioneer new infrastructure asset classes and private sector investment opportunities.19 minutes
2020 was a year like no other, one which could only be navigated with fortitude and quick action. As we launch our annual review, it’s clear that amid this pandemic the company’s work in providing infrastructure to the world’s most fragile communities has never been more critical.19 minutes
To deliver meaningful change and improve the lives of people in fragile communities, we must protect those lives as well. One loss of life is unacceptable. This World Day for Safety and Health at Work, we explain why an effective HSES framework is an essential part of delivering large-scale infrastructure projects. With the advent of the global covid-19 pandemic, the world is waking up to the importance of HSES now more than ever, and PIDG is continuously enhancing its protocols to keep pace.16 minutes
Gender-blind infrastructure projects lead to massive failings across the board, creating problems that last for decades. Ignoring the needs and expertise of women not only puts them at risk, it also puts a strain on business performance. That’s where gender lens investing comes in.19 minutes
Infrastructure projects have a long life cycle, so the choices we make today directly impact our future. So as the world strives to hit net zero emissions by 2050, in line with the Paris Agreement, it’s vital that the long-term implications of infrastructure investments are addressed.14 minutes
Through affordable and sustainable infrastructure projects, the Private Infrastructure Development Group has opened up vast opportunities for economic growth in some of the world’s poorest countries, changing the lives of millions.9 minutes