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Sub-Saharan Africa

Sub-Saharan Africa > Development Impact 

IFC in Africa

Sub-Saharan Africa

With offices all over Africa, we are where you are. Contact an IFC office in Sub-Saharan Africa.

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Development Impact


IFC’s strategy in Africa is to bring financial and advisory support to those who need it most - including smaller businesses, farmers, and students – and to support private sector growth and job creation in the region’s least developed countries and those recovering from conflict. 

Development effectiveness is the guiding principle of IFC’s work. Through our Development Outcome Tracking System (DOTS), we measure the development effectiveness of our investment and advisory work, and have established ourselves as a leader in development results measurement. DOTS gives IFC a key competitive advantage, because it is critical to understanding how well our strategy is working and whether we are reaching the people and industries that most need our help.

DOTS allows for real-time tracking of development results throughout the project cycle. At the outset of a project, IFC staff members identify clear, standardized, and verifiable indicators, with baselines and targets. They track progress throughout supervision, which allows for real-time feedback into operations, until project closure.

IFC Advisory Services uses a logical framework for its projects, based on the Organization for Economic Co-operation and Development (OECD) guidelines. Results for Advisory Services are divided into outputs (direct deliverables provided by IFC to our clients), outcomes (institutional, legal, and behavioral changes by our clients resulting from IFC Advisory Services. The overall development effectiveness rating is a synthesis of the overall strategic relevance, effectiveness (as measured by project outputs, outcomes, and impacts), and efficiency of the services.

OUR RESULTS

For the year ending in June 2013, IFC committed a record $5.3 billion to new investments and carried out advisory services projects worth $65 million in Sub-Saharan Africa. IFC supported infrastructure, health, agribusiness and a range of activities in conflict affected states and helped Africa’s entrepreneurs gain access to finance. 


IFC invested $3.5 billion from its own account, and mobilized $1.8 billion from other investors. In FY13, IFC’s supported projects that provided loans for 54,000 small and medium businesses, encouraged 13.7 million microfinance clients; and improved health and education for 360,000 people. IFC’s investments in wind power and other renewable energy reduced 667,000 tons of greenhouse gas emissions.


IFC Advisory Services spending reached $65 million with projects were active in 42 countries. IFC managed 126 projects, valued at $217 million over the life of those projects. Advisory services projects improved access to lighting and education  services for 1.6 million people; generated 27,000 jobs; trained entrepreneurs and connected farmers to global markets. Three public-private partnership mandates were successfully closed, helping deliver health services to 360,000 people in Lesotho and Nigeria and power to 75,000 in Liberia. .
 

In calendar year 2012, IFC’s advisory services in Sub-Saharan Africa:

  • Trained 335,000 people in business managment, loan application procedures, as well as better farming practice
  • We advised 15,655 public and private entities on improving business environments, improving services and implementing new products
  • We helped African governments enact 105 laws, regulations and amendments to improve investment climates
  • We supported 36 reforms in the areas of starting a business, licensing, construction permits and alternative dispute resolution
  • We helped save the private sector $181 million through the simplification of regulatory compliance requirements
  • We supported the creation of 27,000 jobs*
  • Helped to generate sales revenue of $118 million
  • We facilitated loans of over $1.9 billion to small and medium enterprises through financial institutions
  • We helped 17.3 million people receive access to improved services

*Recording and measuring jobs remains a unique challenge. In response, we embarked on a jobs study with our development partners to improve our ability to consistently measure jobs. The number of jobs we helped to create was greater in the 2012 report, as it included fi gures from multi-year evaluations.


To learn more about the development impact of Advisory Services in Sub-Saharan Africa, click here.


IFC is moving to a unified results measurement system which has three mutually reinforcing components namely the IFC Development Goals (IDGs) (which are forward-looking goals); a monitoring and tracking system to measure development results; and a system to evaluate the outcomes and impact of our activities.

To learn more about the IFC Development Goals click here.


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