Impact Report 2022

The FSD Africa Impact Report 2022 details the agency's efforts to transform financial markets in Africa, specifically through its 2021–2025 green strategy. The report highlights the mobilization of £1.9 billion in long-term capital for sectors like housing and energy, the issuance of pioneering gender bonds, and the development of climate-resilient financial infrastructure to address the continent's vulnerability to climate change and economic shocks.

• FSD Africa has facilitated the flow of approximately £1.9 billion into key development sectors, including energy, housing, and the MSME sector, contributing to the creation or sustainment of roughly 67,200 full-time equivalent (FTE) jobs. Of these jobs, 59% were held by women and 12% were green jobs.
• Under its 2021–2025 green strategy, FSD Africa has committed £52 million to green programmes as of 2022, with a target to increase this commitment to £122 million by 2025. The agency aims for 70% of its portfolio to be green by 2025 and intends to catalyse £1.6 billion in additional funding for green programmes.
• FSD Africa supported the issuance of the first gender bonds in Africa to finance women entrepreneurs. In Morocco, Banque Centrale Populaire (BCP) raised £15.9 million in 2021, and in Tanzania, NMB Bank raised £25.2 million in March 2022, which was oversubscribed by 297%.
• In Nigeria, FSD Africa's Green Bond Programme has supported six issuers, catalysing £122 million for climate change purposes. This funding supported projects in agriculture irrigation, afforestation, renewable energy, and hydro and solar power infrastructure, creating over 5,000 green jobs.
• To address climate risks in East Africa, FSD Africa is establishing a joint underwriting facility with Kenyan insurers to cover early-stage drilling risks for geothermal projects. This initiative is expected to provide emissions-free electricity to over 30 million people and prevent over 3 million tonnes of CO2eq emissions annually in Ethiopia and Kenya.
• FSD Africa is piloting the Taskforce for Nature-related Financial Disclosures (TNFD) framework to help financial institutions manage nature-related risks. As part of this effort, the African Natural Capital Alliance (ANCA) was created in June 2022 with nine leading financial institutions and Ghana’s Ministry of Environment, Science, Technology & Innovation.
• In response to Covid-19, FSD Africa invested nearly £15 million across five initiatives. This included the Emergency Jobs Protection Facility in Ethiopia, which supported 24 factories in four industrial parks, enabling 92% of participating factories to retain 80% or more of their pre-Facility workforce.
• FSD Africa invested £7.2 million in the Blue Orchard Covid-19 Emerging & Frontier Markets MSME Support Fund, which reached 10 microfinance institutions (MFIs) and supported 42,900 MSMEs in countries including Botswana, Burkina Faso, Kenya, and Tanzania.
• The agency's investment in MFS Africa, totaling £2.8 million between 2018 and 2019, facilitated £1.1 billion in transactions and reduced remittance costs by 0.25%. By June 2021, the service had reached 2.3 million senders and 4.7 million recipients.

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} }