FSD Africa – Annual impact report 2024
Our 2024 Impact Report details the partnerships and innovations that are transforming Africa’s financial landscape. Find out how we are mobilising capital, driving inclusive growth, and fostering resilience across the continent.
This year’s Impact Report captures our strides in bridging Africa’s $1.6 trillion sustainable financing gap. Learn how our innovative solutions have catalysed $1.31 billion in green finance, empowered 23,000+ women entrepreneurs, and supported over 120,000 people with improved climate resilience and 600,000 people with improved access to energy.
I am proud of the impact FSD Africa has had this year. Highlights include the successful capitalisation of the Ethiopian Stock Exchange (ESX), a major milestone in the development of Ethiopia’s capital markets, which FSD Africa has supported since its inception. We also celebrate the launch of the $20 million Tanga Uwasa Water Bond in Tanzania, the continent’s first sub-national utility bond, which opens new financing pathways for critical infrastructure. Another key success was helping Acre Impact Capital achieve a $95 million first close, which successfully crowded in domestic bank capital alongside export credit agency guarantees. These achievements demonstrate FSD Africa’s role in driving financial innovation and strengthening Africa’s economic foundation.
My vision, as Minister for Development, is of a world free from poverty, on a liveable planet. This vision can only be achieved if underpinned by a modern approach to development, based on genuine partnerships. The work of FSD Africa exemplifies this partnership, as set out in this report. FSD Africa’s engagement with governments, businesses, regulators, investors and project developers has given rise to greater flows of capital, a greater focus on sustainable investments including those that benefit women and girls, and growing innovation in African financial markets.
Discover the stories and initiatives driving sustainable growth and innovation across Africa.
How $620 million in bonds is driving Africa’s green transformation.
Real stories of gender bonds improving lives.
Supporting Africa’s transition with impactful investments.
Transformative ventures like Catalyst Fund and BimaLab.
Explore transformative projects that showcase the power of green finance and innovation in creating sustainable impact across Africa.
“Our aspiration is always that our interventions can make a crucial difference, whether through well-timed and well-informed technical assistance or through the way we are positioned in the capital stack of an investment. We focus on creating opportunities for meaningful change and pushing boundaries to ensure that every intervention counts. The idea of change is what drives us, we see ourselves as agents of change, committed to transforming financial markets and driving sustainable development. This report underscores FSD Africa’s commitment to making finance work for Africa.”
In partnership with:
2024 © FSD Africa
Designed and developed by Smith Aegis