Impact Report 2022

FSD Africa's 2022 Impact Report details the agency's efforts to deepen African capital markets and transition toward a green economy. Key achievements include mobilising £1.9 billion in long-term capital, supporting the issuance of pioneering gender bonds in Tanzania and Morocco, and expanding green finance initiatives. The report highlights the agency's 'green strategy' target to have 70% of its portfolio be green by 2025, alongside specific interventions in geothermal risk transfer, carbon markets, and COVID-19 emergency job protection in Ethiopia.

• FSD Africa has transitioned to a green strategy for 2021–2025, committing £52 million to green programmes as of 2022, with a target to reach £122 million by 2025 and for 70% of its portfolio to be green.
• The agency has facilitated the flow of approximately £1.9 billion into key development sectors, including energy, housing, and MSMEs, and has increased financial service access for nearly 12 million people.
• FSD Africa supported the issuance of the first gender bonds in Sub-Saharan Africa (Tanzania) and Africa (Morocco), raising £25.2 million and £15.9 million respectively to finance women entrepreneurs.
• In Nigeria, the agency's green bond programme supported six issuers and catalysed £122 million for climate change purposes, creating over 5,000 green jobs.
• A geothermal risk transfer programme in East Africa, involving five Kenyan insurance companies, aims to provide emissions-free electricity to over 30 million people and prevent 3 million tonnes of CO2eq emissions annually in Kenya and Ethiopia.
• The agency is supporting the Taskforce for Nature-related Financial Disclosures (TNFD) framework and established the African Natural Capital Alliance (ANCA) in June 2022 to help financial institutions manage nature-related risks.
• To mitigate COVID-19 impacts, FSD Africa managed an Emergency Jobs Protection Facility in Ethiopia that supported 24 factories, enabling 92% of participating factories to retain 80% or more of their workforce.
• The agency invested £7.2 million in the Blue Orchard Covid-19 Emerging & Frontier Markets MSME Support Fund, which reached 10 MFIs and supported 42,900 MSMEs in countries including Kenya, Tanzania, Botswana, and Burkina Faso.

APA

FSD Africa (2022). Impact Report 2022. https://fsdafrica.org/wp-content/uploads/2025/05/23.03.07-Impact-Report-Final.pdf

Chicago

FSD Africa. Impact Report 2022. 2022. https://fsdafrica.org/wp-content/uploads/2025/05/23.03.07-Impact-Report-Final.pdf.

Wikipedia

{{cite report |author=FSD Africa |title=Impact Report 2022 |date=2022 |url=https://fsdafrica.org/wp-content/uploads/2025/05/23.03.07-Impact-Report-Final.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{fsdafrica2022impact, author = {{FSD Africa}}, title = {{Impact Report 2022}}, institution = {FSD Africa}, year = {2022}, url = {https://fsdafrica.org/wp-content/uploads/2025/05/23.03.07-Impact-Report-Final.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }