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The State of ClimateTech in Africa 2.0 is a report by FSD Africa and partners that analyzes the evolution of the African ClimateTech ecosystem between 2016 and 2025. Moving beyond aggregate funding totals, the report employs a new application-led taxonomy and an adapted Carlota Perez techno-economic framework to demonstrate that African ClimateTech is not a single market but a collection of applications maturing at different speeds. It highlights deep concentrations of capital in the Energy and Mobility sectors and identifies critical financing gaps—particularly in early-stage equity and working capital—that constrain the growth of asset-heavy and adaptation-focused ventures.

This report by Genesis Analytics, commissioned by FSD Africa, Shell Foundation, and Shortlist, forecasts green employment opportunities across Africa with a focus on Kenya, Nigeria, and South Africa. It argues that Africa's green transition is primarily service-led and decentralized, meaning the majority of jobs will be indirect roles in distribution, maintenance, and operations rather than in construction or manufacturing. The study highlights a significant gap between the potential for job creation and the current availability of skilled workers, particularly in advanced technical areas. It emphasizes that while green value chains are accessible to women, youth, and low-income workers, these groups are often concentrated in low-value, informal roles, necessitating systemic reforms in workplace design, social protection, and training to ensure meaningful inclusion.

This report by FSD Africa argues that domestic capital market development is essential for African economies to mobilize long-term finance for climate adaptation, infrastructure, and demographic shifts, especially as bilateral aid and foreign direct investment decline. It suggests that while public equity markets are often prioritized, they are frequently impractical for smaller or frontier markets due to high costs and information asymmetries. Instead, the report advocates for a focus on strengthening the savings base through pension reforms and macro-financial stability, developing corporate bond markets, and utilizing hybrid public-private structures, guarantees, and pooled investment vehicles to channel institutional capital into infrastructure, housing, and MSMEs.

This landscape study by FSD Africa provides a comprehensive assessment of the asset management industry and pension systems across 54 African countries. It identifies a general trend of conservative investment strategies, uneven regulatory oversight, and significant gaps in coverage for informal workers and women. The report recommends a shift toward risk-based supervision, the expansion of micro-pensions, and the development of national ESG taxonomies to mobilize domestic capital for sustainable economic growth.

This case study describes FSD Africa Investments' (FSDAi) role in the International Housing Solutions (IHS) Kenya Affordable Green Housing Fund, highlighting how catalytic equity capital and an Open Source Policy are used to scale affordable, green-certified housing and generate public market intelligence in Kenya.

This case study describes the impact of a $1 million investment from the FSDAi Nyala Facility into WIC Capital, the first investment fund in Francophone West Africa dedicated to women-led businesses. The fund provides both capital and technical assistance to help female entrepreneurs overcome barriers to formal finance, specifically in Senegal.

WIC Capital, launched in 2019 and supported by the FSDAi Nyala Facility, provides financial capital and technical assistance to women-led SMEs in Francophone West Africa, specifically improving access to growth financing in Senegal.

This report by FSD Africa, BII, and Copernican Securities examines the potential for securitisation to deepen capital markets in sub-Saharan Africa. It identifies a significant private credit gap and argues that while South Africa has a mature market, other African nations face substantial regulatory, legal, and capacity barriers. The report recommends a holistic approach to regulatory reform, increased technical assistance from MDBs and DFIs, and the adoption of standardised data reporting to attract institutional investors.

FSD Africa expresses its support for the second Africa Climate Summit (ACS2) in Addis Ababa, emphasizing the need to mobilize domestic private capital and demonstrate that climate investment and economic growth are complementary goals.

This case study describes a pilot flood insurance programme in Kenya, developed by Britam Insurance Kenya with support from FSD Africa and Swiss Re, to provide financial resilience to vulnerable households in Tana River County following devastating floods in late 2023.

A case study detailing how Saglan Wajee General Hospital, supported by FSD Africa’s BimaLab Insurtech Accelerator Program, launched 'Efoy', a micro-health insurance product aimed at low- and middle-income families in Ethiopia.

This case study describes Farm to Feed, a venture supported by FSD Africa's Catalyst Fund, which reduces food waste and CO2 emissions by purchasing surplus and imperfect produce from farmers for B2B sale and donation.

This executive summary describes a study on the impacts of the COVID-19 pandemic on the insurance sector in sub-Saharan Africa, based on interviews with 34 industry stakeholders across 18 markets. It outlines how pandemic-related restrictions and economic crises hindered operations and balance sheets, while simultaneously creating an imperative for digitisation and regulatory innovation.

This report examines the impact of the Covid-19 pandemic on the African insurance sector and the subsequent responses from regulators across sub-Saharan Africa, focusing on the balance between providing regulatory relief and monitoring market vulnerabilities.

The R3Lab Toolkit, published by FSD Africa, provides a framework for insurance regulators in Africa to foster responsible innovation while maintaining consumer protection. It offers a structured approach for conducting innovation gap assessments, selecting regulatory tools, developing action plans, and tracking progress via key performance indicators.

This case study describes VUA Inc., a social enterprise providing financial tools and support to small-scale fishers in Kenya to combat income instability caused by seasonality and climate change.

AquaMnara is a venture supported by FSD Africa and BFA Global that provides Kenyan aquaculture farmers with technical guidance, certified inputs, and an e-voucher credit system to build climate resilience. The initiative addresses a $12 billion annual financing gap and resource underutilisation in Kenya, while specifically supporting women through the Women in Aquaculture programme.

A case study detailing a collaboration between FSD Africa and Infrastructure Credit Guarantee Company Limited (InfraCredit) to provide local funding for DarwayCoast, a solar power company in Southern Nigeria.

FSD Africa and FirstRand have partnered to integrate the Taskforce on Nature-related Financial Disclosures (TNFD) principles into Africa's financial sector to address financing shortfalls for natural capital and manage nature-related risks.

A case study by FSD Africa detailing the Moroccan National Railways Office's (ONCF) issuance of Morocco's first infrastructure Green Bond to finance a wind-powered high-speed rail link between Tangier and Kenitra.