Key data

Our portfolio

Making a financial return means we can recycle the money into new investments, to create jobs and pay taxes beyond our involvement. In 2021, we committed $2.5 billion (£1.87 billion) and we increased our portfolio to $8.1 billion (£6 billion).

Our portfolio size

2016

$4760m

2017

$5303m

2018

$5552m

2019

$6200m

2020

$7100m

2021

$8142m

How we invest in regions

The countries we invest in each have unique opportunities and needs. We invest in countries in Africa, Asia and the Caribbean. At the end of 2021, we had direct and indirect investments in more than 1,300 businesses – including 705 in Africa and 541 in our target countries in Asia.

Top 10 countries we are invested in

India

28%

Nigeria

7%

Kenya

5%

Egypt

5%

Morocco

4%

Bangladesh

3%

Pakistan

3%

Ghana

2%

South Africa

2%

Cameroon

1%

Regional breakdown of our portfolio

Africa

57%

South Asia

34%

Rest of World

9%

Regional breakdown of our 2021 commitments

Africa

72%

South Asia

27%

Pan-region (Africa + South Asia)

1%

Country breakdown of our portfolio

Country 2021 closing valuation ($m) Country 2021 closing valuation ($m)
India 2,299,051,584 Mauritania 12,539,251
Africa region 1,627,747,355 Brazil 12,201,445
Nigeria 569,767,935 Madagascar 11,877,945
Kenya 402,072,299 Malaysia 11,290,065
Egypt 397,195,640 Vietnam 9,983,763
Global 354,254,150 Philippines 8,298,240
Morocco 348,533,451 Senegal 8,265,119
Bangladesh 276,269,044 Mali 6,285,512
Pakistan 207,178,196 Namibia 6,015,830
East Africa 174,984,318 Indonesia 5,635,589
Ghana 151,378,725 Rwanda 5,480,457
South Africa 142,352,672 Singapore 4,488,077
Cameroon 119,885,060 Botswana 4,428,907
Ethiopia 110,783,503 Georgia 3,660,883
China 103,642,580 Burkina Faso 3,105,933
West Africa 94,045,589 USA 3,038,396
Uganda 91,981,397 Rajasthan 2,805,625
Zambia 80,402,273 Eswatini 2,411,264
Gabon 56,123,051 Mongolia 2,165,884
Sri Lanka 53,060,084 Honduras 1,799,192
Zimbabwe 52,390,327 Cape Verde 1,567,853
Asia 45,534,933 Thailand 1,205,287
Nepal 45,179,114 Angola 1,082,086
Cote d’Ivoire 44,247,047 Turkey 850,191
Cambodia 42,269,484 Peru 839,636
Mozambique 30,677,262 Burundi 642,725
Guinea 29,214,727 Liberia 597,134
Myanmar 26,366,054 Chad 487,854
Tunisia 20,703,012 Colombia 455,778
Tanzania 20,221,319 Sierra Leone 326,217
Malawi 18,542,511 Niger 304,878
Algeria 15,962,655 Yemen 112,641
Democratic Republic of Congo 15,441,031 Papua New Guinea 85,638
Mauritius 14,304,484 Yemen 112,641
Papua New Guinea 85,638

How we invest in sectors

Our priority sectors are financial services, infrastructure and climate, health, manufacturing, technology and telecoms, food and agriculture, construction and real estate, and education. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people.

Sector breakdown of our portfolio

Financial services

34%

Infrastructure

25%

Manufacturing

5%

Health

7%

Food and agriculture

5%

Construction and real estate

3%

Education

2%

Other

18%

Sector breakdown of our 2021 commitments

Infrastructure

40%

Financial services

26%

Technology and telecoms

11%

Food and agriculture

10%

Other

9%

Health

2%

Manufacturing

1%

Construction and real estate

1%

Education

0%

How we invest in different product types

We provide the flexible long-term investment that many businesses in developing countries need to grow. This capital is provided in different ways, through direct equity, intermediated equity, debt and trade finance.

Product breakdown of our portfolio

Direct equity

35%

Intermediated equity

33%

Debt

30%

Guarantees

2%

Product breakdown of our 2021 commitments

Direct equity

35%

Intermediated equity

22%

Debt

38%

Guarantees

5%

The impact of our investments

In 2021, our portfolio of businesses in Africa and South Asia provided direct jobs for 938,360 people (in full-time equivalents). Of these workers, 22,310 were new hires.

Direct jobs supported at the start of the year by our investee companies

2016

604,870

2017

671,150

2018

820,040

2019

833,660

2020

951,930

2021

938,360

Additional jobs supported at end of year

2016

43,950

2017

62,820

2018

32,090

2019

42,130

2020

33,890

2021

22,310

Direct jobs supported by our investee companies by country in 2021

Country  Jobs  Country  Jobs 
India                       522,088 Angola          2,900
Africa                         43,177 Botswana          2,223
Kenya                         39,107 Madagascar          2,013
Bangladesh                         36,668 Gabon          1,661
Egypt                         32,048 Algeria          1,648
Nigeria                         29,932 Namibia          1,606
Pakistan                         29,872 Eswatini          1,522
South Africa                         29,741 Democratic Republic of Congo          1,235
Ethiopia                         26,919 Asia          1,122
Morocco                         24,742 Rwanda              984
Cote d’Ivoire                         18,347 Global              762
Ghana                         10,084 Burkina Faso              717
Cameroon                            9,798 Mauritius              583
Tanzania                            9,467 East Africa              492
Zambia                            9,287 Senegal              358
Tunisia                            6,573 Liberia              350
Nepal                            6,316 Sierra Leone              326
Uganda                            6,308 Cape Verde              206
Zimbabwe                            5,818 Mali              130
Myanmar                            4,991 Afghanistan              104
West Africa                            4,925 Niger                 76
Mozambique                            4,445 Cambodia                 38
Malawi                            3,419 Guinea                 14
Sri Lanka                            3,221

Direct jobs supported by our investee companies by region in 2021

Africa

35%

Asia

61%

Rest of the world

4%

Direct jobs supported by our investee companies by sector

Agribusiness and food

10.5%

Consumer services

11.4%

Education

2.2%

Financials

29.9%

Healthcare

9.2%

ICT

5.1%

Industrials

19.3%

Infastructure

13%

Real estate

0.2%

Other

0.1%

Direct jobs supported by our investee companies by gender in 2021

Women

28%

Men

72%

Private sector capital our investments have helped mobilise: Organisation for Economic Co-operation and Development Method

2016

$1107m

2017

$690m

2018

$576m

2019

$876m

2020

$555m

2021

$2064m

Private sector capital our investments have helped mobilise: Multilateral Development Bank Method

2016

$1033m

2017

$593m

2018

$570m

2019

$917m

2020

$559m

2021

$2085m

Taxes paid by our investee companies

2016

$4.1bn

2017

$3.5bn

2018

$3.24bn

2019

$3.31bn

2020

$2.22bn

2021

$1.51bn

Taxes paid by our investee companies by sector

Agribusiness and food

2.1%

Consumer Services

3.1%

Education

0.2%

Financials

48.7%

Healthcare

7.3%

ICT

4.7%

Industrials

12.9%

Infrastructure

20.4%

Real estate

0.3%

Other

0.4%

Taxes paid by our investee companies by country in 2021

Country Taxes paid ($) Country Taxes paid ($)
India       500,835,308 Ethiopia            6,866,001
Pakistan       166,180,553 Uganda            3,069,792
Africa       143,743,299 Myanmar            2,518,140
Morocco       121,186,427 Algeria            1,833,404
West Africa       100,127,032 Zimbabwe            1,739,270
Tanzania         89,853,675 Rwanda            1,513,000
Nigeria         70,449,576 Malawi            1,356,583
South Africa         64,721,836 Zambia            1,181,272
Cameroon         59,870,949 Namibia                799,497
Cote d’Ivoire         54,051,990 Mauritius                428,363
Egypt         44,938,976 Mozambique                262,253
Ghana         20,308,067 Madagascar                251,075
Kenya         18,243,651 Afghanistan                192,472
Bangladesh         14,798,673 Sierra Leone                121,892
Gabon         12,121,684 Sri Lanka                  56,606
Nepal         10,701,458 Niger                  16,884

 

Gigawatt hours of electricity produced by our investments

2016

69,272

2017

46,311

2018

48,724

2019

57,000

2020

55,000

2021

58,040

Loans supplied by our investee companies

2016

$140.3bn

2017

$115.4bn

2018

$89.6bn

2019

$89.7bn

2020

$108.7bn

2021

$99.8bn

Find out more

For further information on our investments, please click here.

To see our IATI data from 2012-2018, please click here.

To find out more about our energy portfolio, please click here.

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