#18 Bringing a Pioneering Maritime Freight Service to East Africa

The M.V. Mpungu is a first-of-its-kind freight vessel set to revolutionise the maritime industry in East Africa. Owned by East Africa Marine Transport (EAMT), it will operate across Lake Victoria, between Uganda and Tanzania, cutting journey times, reducing emissions and creating jobs. Supported by PIDG’s development arm, InfraCo Africa, the vessel will improve standards of transport infrastructure, save the economy millions of dollars and boost trade in the region.

In this episode, we discover how M.V. Mpungu will operate, benefit businesses and open up career opportunities for both men and women in the area. We also explore the project’s impact on sustainability. And we learn about some of the challenges that were faced, both in the development phase of the project, and in getting the vessel on the water.

And to mark World Day for Safety and Health at Work on the 28th April, we learn about PIDG’s health safety environment and social (HSES) framework and how these guidelines have been implemented during the development of the EAMT project.

Tune in for a conversation with:

Claire Jarratt, Chief Investment and Risk Officer, InfraCo Africa.

Rodney Seema is Regional Asset Management Lead, InfraCo Africa.

Jacob Kazungu is HSES Advisor, InfraCo Africa.

Your host is Marcel Klebba, Communications Manager at PIDG.

Find out more about the EAMT project here. And learn more about PIDG on our website, pidg.org.

Latest Episodes

#17 How Women Benefit From PIDG Investments

Whether it’s providing electric vehicles to women who otherwise have to walk massive distances to provide for their families, or increasing access to safe and adequate drinking water for rural communities, PIDG has a number of investments that directly impact and improve the lives of women. Across Africa and Asia, PIDG doesn’t just consider how women are impacted by its projects, it also strives to empower them.

#16 Concessional Capital Explained

Combining concessional capital with blended finance is an innovative solution, bridging a major funding gap. Where a project is struggling to reach scale, concessional capital can be used to boost its commerciality and affordability. PIDG is blending concessional capital into transactions through PIDG Technical Assistance’s capital grant, viability gap funding and concessional equity and debt products.

Increasing Risk Tolerance to Drive Impact: #2 Climate action & gender impact

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.

#15 How PIDG is Scaling Up in 2024

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.