#1 Introduction to PIDG
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.
Leading the way in conscious investment, PIDG works to serve the communities of Sub-Saharan Africa and South & Southeast Asia. Over the course of this podcast series we’ll be examining its groundbreaking work in areas including gender diversity, health and safety, and renewable energy. In this episode we meet the CEO of PIDG, Philippe Valahu, who gives us an introduction to the company, exploring the scale of the issues it’s trying to address, and the positive impact it’s had over the last 20 years.
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?
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.