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Sub-Saharan Africa

About 400 million people in Sub-Saharan Africa live in extreme poverty. IFC’s comprehensive strategy in the region focuses on priorities such as helping businesses improve productivity and establish links to broader markets, expanding financial and social inclusion, and boosting prosperity in ways that help limit conflict.

In FY19, our long-term investments in Sub-Saharan Africa totaled about $4.1 billion, including $2.3 billion mobilized from other investors. Our clients provided 3.1 million loans to micro, small, and medium-sized enterprises, totaling about $13.1 billion. They cared for 7.4 million patients and generated and distributed power to 47 million people.


FY19 Development Results

Numbers at the left end of each bar are the total number of companies rated.

Project Financing and Portfolio, by Region

Sub-Saharan Africa
$ millions, for the year ending June 30
Long-term investment commitments 1,724
Loans 1,199
Equity 326
Guarantees and risk management 199
Core mobilization* 2,331
Total commitments 4,055
Portfolio Exposure** for IFC's account 8,728
Committed portfolio for loan syndications*** 3,234
Total committed portfolio 11,962

* Including Loan Syndications (B-Loans, Parallel Loans, and MCPP Loans), IFC Initiatives, AMC, Other Mobilization by Decision, and Public-Private Partnerships (PPP) Mobilization, as applicable for this Region.
** Portfolio exposure is defined as the sum of the (i) committed exposure for IFC’s debt investments, (ii) fair market value of IFC’s equity investments, and (iii) total undisbursed equity commitments.
*** Including B-Loans, Agented Parallel Loans, MCPP Loans, Unfunded Risk Participations (URP), Credit Insurance Policies (CIP) and A-Loan Participations (ALPS).
1 Excludes individual country shares of regional and global projects.

Development Reach

Sub-Saharan Africa Portfolio
  CY17 CY18
MSME loans (# of loans)1 2,907,935 3,059,675
MSME loans (amount in $ millions)1 11,786 13,088
Power generation (millions of people) 32.9 34.8
Water distribution (millions of people) 2.5 0.4
Power distribution (millions of people)2 13.8 12.2
Phone connections (millions of people) 18.6 3.3
Farmers reached 1,038,819 494,162
Patients served 1,465,998 7,355,597
Students reached 67,142 73,558
Employment 278,245 240,738
Domestic purchase of goods and services ($ millions) 4,551 4,097
Payments to governments ($ millions) 1,492 1,533

1 Portfolio reach figures represent the micro, small, and medium outstanding loan portfolio of IFC's financial institution clients with MSME-oriented finance.
2 One client in Sub-Saharan Africa contributed 6.5 million to power distribution customers reached.

Largest Country Exposures

  Portfolio Exposure ($ millions)1
Rank within Region Country FY18 FY19
1 South Africa 1,352 1,272
2 Nigeria 1,092 1,259
3 Kenya 894 948

Based on IFC's account, as of June 30
1 Excludes individual country shares of regional and global projects.