Impact Report

FSD Africa reports that between 2012 and 2020, it reached over 5.47 million people and 3.2 million MSMEs through financial inclusion and capital market projects. Key achievements include catalysing £1.53 billion in long-term capital, supporting 27,000 jobs, and effecting approximately 130 regulatory changes. The organization is now transitioning to 'FSD 2.0', shifting focus toward 'sustainable futures', jobs, and basic services, with a particular emphasis on green finance and Covid-19 recovery.

• Between 2012 and early 2020, FSD Africa exceeded its reach targets, providing financial services to over 5.47 million people (against a target of 4.05 million) and helping at least 3.2 million MSMEs access credit.
• FSD Africa catalysed £1.53 billion in long-term capital as of March 2020. This includes £623.6 million from the Nigeria Green Bond, £35.5 million from the Kenya Green Bond, and £105.7 million from the African Local Currency Bond Fund.
• The organization's efforts in regulatory reform led to the creation or strengthening of approximately 130 regulations in sub-Saharan Africa between 2012 and early 2020 to improve market efficiency and investor confidence.
• FSD Africa's initiatives supported the creation of 27,000 full-time equivalent jobs across the continent, with 50% of these positions held by women.
• In the green bond sector, Kenya's first green bond issuance in June 2019 raised £35.3 million for environmentally friendly housing in Nairobi. In Nigeria, a sovereign green bond and private sector bonds raised £55.2 million and £50.5 million respectively for solar energy and coastal protection.
• The 'FSD 2.0' strategy involves a £320 million UK aid package to expand the FSD Network by incubating five new programmes in Ethiopia, Ghana, Sierra Leone, Zimbabwe, and the WAEMU region, focusing on green finance and Covid-19 recovery.

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} }