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This case study describes the impact of FSD Africa's investment in Nithio, an AI-driven climate finance platform that provides receivables-backed financing to off-grid solar companies in Africa to improve energy access for households and small businesses.

This fact sheet describes the activities of Persistent Energy Capital, a venture builder and fund that provides equity and support to green innovators in Sub-Saharan Africa, highlighting its partnership with FSD Africa Investments (FSDAi).

This case study describes how Sand to Green, a tech-powered firm focused on combating desertification through agroforestry and solar desalination, accelerated its growth through financial and venture-building support from the Catalyst Fund under FSD Africa's Catalysing Climate Resilience (CCR) Programme.

This case study describes SolarTaxi, a Ghana-based electric vehicle manufacturer supported by Persistent Energy Capital (an FSDAi investee). SolarTaxi designs, assembles, and leases low-cost solar-powered two-wheel and four-wheel vehicles to address urban transportation inefficiencies and fossil fuel dependence in Ghana and broader Africa.

This case study describes a pilot fish cage aquaculture project by Wezesha Aqua Farms in Mwanza, Tanzania, supported by FSD Africa and BFA Global. The initiative aims to increase the resilience of fishing communities against climate change and declining fish stocks in Lake Victoria by providing cages for tilapia rearing under a lease model.

This case study describes how the FSD Africa-supported BimaLab insurtech accelerator helped MotiSure, a Kenyan insurtech, develop and scale an insurance product for bodaboda (motorcycle taxi) riders. Through BimaLab's support in customer profiling and ecosystem understanding, MotiSure expanded its coverage options and grew its customer base from 4,600 to over 12,000 riders.

The 'Kit d’Outils d’Obligations Verte Afrique' is a practical guide developed by FSD Africa and the Climate Bonds Initiative (CBI) to assist African issuers in emitting green bonds. It outlines the structural similarities between green and conventional bonds, while detailing the specific requirements for the allocation of proceeds to environmental projects. The guide provides a comprehensive framework for the issuance process, including the development of a Green Bond Framework, independent verification, and post-issuance reporting, while highlighting successful case studies from South Africa, Kenya, and Nigeria.

The Venture Finance Portfolio document provides a detailed overview of various investment funds and venture-building platforms supported by FSD Africa and FSDAi. These entities focus on scaling climate-tech, gender-lens investing, and financial inclusion across Africa, utilizing a mix of equity, grants, and debt to catalyze private capital and drive sustainable economic growth.

This fact sheet describes the partnership between FSD Africa and the Digital Frontiers Institute (DFI) from 2016 to 2021, aimed at closing the digital finance skills gap in low-middle income countries to improve the scale and sustainability of digital payment systems.

The Governance Framework for Early-Stage Fund Managers and Investment Companies, published by FSD Africa, provides a comprehensive guide for early-stage alternative local capital providers in Africa to build sustainable governance structures. It outlines a phased approach to governance, distinguishing between 'foundational' measures for small, early-stage funds and 'expanded' measures for larger, more complex funds with institutional investors.

The Nigerian Green Bond Market Development Programme (NGBMDP) Impact Report details the efforts of FSD Africa, Climate Bonds Initiative, and FMDQ Group PLC from 2018 to 2021 to establish a non-sovereign green bond market in Nigeria. The programme focused on capacity building, regulatory advisory, and technical support to mobilise private capital for climate-resilient infrastructure.

This fact sheet by FSD Africa provides a country diagnostic of the insurance markets in Ghana, Nigeria, Kenya, and Rwanda, highlighting a significant risk-protection gap and the limited capacity of these markets to support large-scale infrastructure investment.

This guide by FSD Africa presents a regulatory response framework for insurance supervisors to manage systemic risks, developed from research across 31 countries following the impact of COVID-19 in sub-Saharan Africa. The framework consists of four phases: identifying the impact of the risk, implementing a response, monitoring efficacy, and adapting for future risks.

This report, Chapter Four of a broader study by the Macroeconomic and Financial Management Institute of Eastern and Southern Africa (MEFMI) supported by FSD Africa, evaluates the governance and operational risk management frameworks for public debt in 12 MEFMI member countries during the COVID-19 pandemic. It examines legal frameworks, managerial structures, debt strategies, reporting, and auditing, highlighting a general lack of comprehensive business continuity plans and procedure manuals, which increased operational risks during the shift to remote work.

This executive summary details a study on sovereign debt management in the MEFMI region during the COVID-19 pandemic. It finds that the crisis led to sharp GDP contractions and a significant increase in the average debt-to-GDP ratio (rising to 70.6% in 2020). Countries responded with policy rate cuts, tax exemptions, and increased reliance on Local Currency Bond Markets (LCBMs). While international initiatives like the G20's DSSI provided critical relief, the pandemic exposed a lack of business continuity planning and operational risk management in debt offices.

This scoping study, prepared by Enviro Consulting International for FSD Africa, analyzes the supply and demand for green finance targeting small and medium-sized enterprises (SMEs) in Morocco. It identifies a significant gap between the ambitious climate targets set in Morocco's Nationally Determined Contribution (NDC) and the available financial instruments, which are currently concentrated in the industrial and agricultural sectors and primarily focused on energy efficiency and renewable energy. The report recommends strengthening the regulatory and tax frameworks, improving SME governance, and designing new instruments such as a credit guarantee facility or a dedicated green equity fund to catalyze the transition to a green economy.

This scoping study, commissioned by the Moroccan Ministry of Economy and Finance and supported by FSD Africa and the UK Embassy, analyzes the supply and demand for green financing instruments targeting small and medium-sized enterprises (SMEs) in Morocco. The report identifies a significant gap between the ambitious climate goals of Morocco's Nationally Determined Contributions (NDC) and the current financial offerings, which are heavily concentrated in the industrial and agricultural sectors and focused primarily on energy efficiency and renewable energy. It recommends the development of new financial instruments, such as a dedicated green equity fund or a specialized guarantee mechanism, to support a broader range of green sectors and smaller enterprises.

This executive summary report, prepared in March 2021 for EFInA, FSD Africa, GSMA, and WFP, examines the challenges and opportunities for digitising social protection and humanitarian cash transfers in Nigeria. It identifies a bank-led market and regulatory hurdles as primary barriers to the adoption of permanent digital wallets for recipients, who currently mostly receive physical cash via temporary virtual accounts.

The RRI programme, a partnership between Cenfri and FSD Africa, aimed to increase financial inclusion and strengthen risk management in sub-Saharan Africa. It removed barriers for an estimated 5.6 million people, supported over 338,000 remittance users, and provided capacity-building to 750 regulators and 530 financial service providers. Key findings highlight the need for regional payment and data integration to support the African Continental Free Trade Agreement (ACFTA) and suggest that simple adaptations to supervisory processes are more effective for regulators than complex regulatory sandboxes.

This briefing by E-Consult, coordinated by FSD Africa, examines the potential for establishing onshore financial centres in Africa to attract international capital and skilled employees. It evaluates existing hubs like Mauritius and Johannesburg and assesses the prospects for cities such as Nairobi, Kigali, Lagos, and Accra to become globally significant financial centres.