The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, has committed XOF23.5bn (US $39m) to a XOF75bn (US $124,6m) receivables-backed bond issued by securitisation vehicle Fonds Commun de Titrisation de Créance. This financial support is dedicated to West African telecommunications carrier Sonatel's expansion, modernisation, and digital transformation plan in Senegal and beyond.