Impact Report

The FSD Africa Impact Report documents the organization's efforts since 2012 to reduce poverty in sub-Saharan Africa by strengthening financial markets. It details achievements in financial inclusion, capital market development, and institutional capacity building, while outlining a strategic shift toward 'FSD 2.0' to focus on jobs, basic services, and sustainable futures in response to challenges like Covid-19 and climate change.

• Between 2012 and early 2020, FSD Africa reached over 5.47 million people and supported at least 3.2 million micro, small, and medium enterprises (MSMEs) in accessing credit.
• FSD Africa has catalysed £1.53 billion in long-term capital as of March 2020. This includes £757.8 million through Frontclear, £623.6 million from the Nigeria Green Bond, £105.7 million from the African Local Currency Bond Fund, and £35.5 million from the Kenya Green Bond.
• The organization has supported the creation or strengthening of approximately 130 financial regulations in sub-Saharan Africa from 2012 to early 2020 to improve market efficiency and investor confidence.
• FSD Africa's partnership with Women's World Banking provided savings accounts to 660,000 women between 2014 and 2018, and overall, 27,000 jobs have been created across the continent through its investments, with 50% held by women.
• The African Local Currency Bond Fund (ALCBF), in which FSD Africa holds an 18% equity stake, has deployed $170 million across 17 countries and 59 investments, helping portfolio companies avoid currency volatility.
• Green bond initiatives in Kenya and Nigeria have raised significant funds for sustainable projects: Kenya's first green bond raised £35.3 million for environmentally friendly student housing in Nairobi, while Nigeria raised £55.2 million via a sovereign green bond and £50.5 million via private sector bonds for solar energy and coastal protection.
• FSD Africa is transitioning to 'FSD 2.0', a new phase supported by a £320 million UK aid package. This strategy shifts focus from 'finance for the poor' to 'finance that benefits the poor', targeting three outcome areas: jobs and incomes, basic goods and services, and sustainable futures.

APA

FSD Africa (2020). Impact Report. https://fsdafrica.org/wp-content/uploads/2020/11/Impact-report-201119.pdf

Chicago

FSD Africa. Impact Report. 2020. https://fsdafrica.org/wp-content/uploads/2020/11/Impact-report-201119.pdf.

Wikipedia

{{cite report |author=FSD Africa |title=Impact Report |date=November 2020 |url=https://fsdafrica.org/wp-content/uploads/2020/11/Impact-report-201119.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{fsdafrica2020impact, author = {{FSD Africa}}, title = {{Impact Report}}, institution = {FSD Africa}, year = {2020}, month = nov, url = {https://fsdafrica.org/wp-content/uploads/2020/11/Impact-report-201119.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }