Impact Stories

The document outlines systemic financing barriers in Africa, noting that climate tech start-ups, nature-based enterprises, and women entrepreneurs—particularly in Francophone West Africa—struggle to access necessary investment. It highlights that Africa receives only 6% of global biodiversity funding and that in Senegal, only 3.5% of women entrepreneurs access formal finance. A specific case study focuses on Saglan Wajee General Hospital in Ethiopia, which, supported by FSD Africa's BimaLab, launched 'Efoy', a micro-health insurance product. Efoy 1.0 attracted over 1,200 customers in its first year, and the subsequent Efoy 2.0 has reached 900 new clients, providing affordable coverage for low- and middle-income families.

• Climate tech start-ups and nature-based enterprises in Africa face significant investment shortages, with Africa receiving only 6% of global biodiversity funding.
• The use of polluting fuels like wood and charcoal in Sub-Saharan Africa causes over 815,000 annual deaths and accounts for up to 25% of energy-related carbon emissions.
• Women entrepreneurs in Francophone West Africa experience limited financial inclusion; in Senegal, only 3.5% of women entrepreneurs have access to formal finance despite female-led businesses making up over 20% of small businesses.
• Ethiopia's financial sector was historically underdeveloped, with public debt rising from 39.6% of GDP in 2011 to 60% in 2018 and private sector credit remaining around 16% of GDP.
• Saglan Wajee General Hospital in Ethiopia launched the Efoy micro-health insurance product after receiving support from the BimaLab Insurtech Accelerator Program; Efoy 1.0 gained over 1,200 customers in its first year, and Efoy 2.0 has added 900 new clients.

APA

FSD Africa (n.d.). Impact Stories. https://fsdafrica.org/impact-stories/

Chicago

FSD Africa. Impact Stories. n.d. https://fsdafrica.org/impact-stories/.

Wikipedia

{{cite report |author=FSD Africa |title=Impact Stories |url=https://fsdafrica.org/impact-stories/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{fsdafricandimpact, author = {{FSD Africa}}, title = {{Impact Stories}}, institution = {FSD Africa}, url = {https://fsdafrica.org/impact-stories/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }