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 |
FY191 |
|---|---|
| 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.
