22-08-17-cmir.v2_ak_compressed-6e9541dae869b3ab.pdf

FSD Africa's Capital Markets team works to address financing gaps in Africa by developing enabling policies, market infrastructure, and innovative financial products. The report highlights the mobilization of approximately GBP 320 million through bond issuances, including pioneering green and gender bonds in countries like Nigeria, Kenya, and Morocco. It details the Africa Regulatory Support Programme (ARSP) and the African Local Currency Bond Fund (ALCB Fund) as key mechanisms for reducing currency risk and increasing private sector investment. Moving forward, FSD Africa is concentrating its efforts on five priority countries—Ethiopia, Ghana, Kenya, Morocco, and Nigeria—with a strong emphasis on green capital markets and natural capital finance.

• Africa faces substantial long-term financing gaps, with Sustainable Development Goal (SDG) needs estimated at at least US$600 billion per year and infrastructure needs reaching up to US$170 billion per year.
• Climate change represents a US$3 trillion investment opportunity in Africa by 2030, with the private sector expected to provide 75% of this investment.
• FSD Africa has supported the raising of approximately GBP 320 million through bond issuances, including the first African green bond (Nigeria's sovereign bond in 2017) and the first gender bond in Africa (BCP Morocco in 2021).
• In Kenya and Nigeria, FSD Africa's green bond programming has catalysed US$80.58 million and US$146.33 million respectively, creating a combined total of 7,983 full-time equivalent jobs.
• The African Local Currency Bond Fund (ALCB Fund), backed by a US$21.81 million FSD Africa investment, has deployed US$170 million across 17 countries and 59 investments, achieving a co-investment multiple of 9.1x.
• The Frontclear Interbank Credit Guarantee Fund has provided US$663 million in guarantees, leading to a US$563 million increase in interbank lending and mobilising US$1,048 million in private capital.
• FSD Africa is shifting its strategic focus for 2020-25 to concentrate 75% of its footprint on five priority countries: Ethiopia, Ghana, Kenya, Morocco, and Nigeria.
• Investment in compact, clean, and connected cities across 35 major cities in Ethiopia, Kenya, and South Africa is projected to require US$280 billion by 2050, potentially generating economic opportunities exceeding US$1.1 trillion.

APA

FSD Africa (2022). 22-08-17-cmir.v2_ak_compressed-6e9541dae869b3ab.pdf. https://fsdafrica.org/wp-content/uploads/2025/05/22-08-17-CMIR.v2_AK_compressed.pdf

Chicago

FSD Africa. 22-08-17-cmir.v2_ak_compressed-6e9541dae869b3ab.pdf. 2022. https://fsdafrica.org/wp-content/uploads/2025/05/22-08-17-CMIR.v2_AK_compressed.pdf.

Wikipedia

{{cite report |author=FSD Africa |title=22-08-17-cmir.v2_ak_compressed-6e9541dae869b3ab.pdf |date=August 2022 |url=https://fsdafrica.org/wp-content/uploads/2025/05/22-08-17-CMIR.v2_AK_compressed.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{fsdafrica2022220817cmirv2akcompressed6e9541dae869b3abpdf, author = {{FSD Africa}}, title = {{22-08-17-cmir.v2\_ak\_compressed-6e9541dae869b3ab.pdf}}, institution = {FSD Africa}, year = {2022}, month = aug, url = {https://fsdafrica.org/wp-content/uploads/2025/05/22-08-17-CMIR.v2_AK_compressed.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }