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 2022, we committed $1.56 billion (£1.27 billion) and we increased our portfolio to $8.2 billion (£6.9 billion).

Our portfolio size

2018

$5552m

2019

$6200m

2020

$7100m

2021

$8142m

2022

$8233m

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 2022, we had direct and indirect investments in more than 1,400 businesses – including 768 in Africa and 601 in our target countries in Asia.

Top 10 countries we are invested in

India

26%

Egypt

8%

Nigeria

8%

Kenya

5%

Bangladesh

4%

Zimbabwe

4%

Morocco

4%

South Africa

3%

Uganda

3%

Pakistan

2%

Regional breakdown of our portfolio

Africa

57%

South Asia

37%

Rest of world

6%

Regional breakdown of our 2022 commitments

Africa

55%

South Asia

40%

Other (Pan-region and investments in other countries such as in the Caribbean region)

5%

Country breakdown of our portfolio

Country 2022 closing valuation ($m)
India 2,181
Africa region 920
Egypt 632
Nigeria 619
Global region 520
Kenya 416
Bangladesh 313
Zimbabwe 307
Morocco 297
South Africa 285
Uganda 211
Pakistan 195
Ethiopia 131
Ghana 129
Cameroon 102
Senegal 93
West Africa 85
Nepal 72
Gabon 53
Cote d’Ivoire 52
Zambia 47
Tanzania 46
Cambodia 45
China 44
East Africa 40
Asia region 36
Mozambique 30
Sri Lanka 28
Myanmar 25
Democratic Republic of Congo 25
Mauritius 23
Tunisia 23
Malawi 21
Vietnam 18
South Asia region 16
Madagascar 13
Namibia 7
Mali 7
Rwanda 5
Sierra Leone 2

How we invest in sectors

A focus on, and expertise in, key economic sectors is central to our approach to making successful investments. We prioritise those sectors that facilitate development and need our capital the most. Our priority sectors contribute towards many of the SDGs. These sectors range from investing in the power infrastructure that will provide people with better access to electricity; to sectors that are powerful job creators or sectors that are critical for improving access to basic goods and services; to investing in financial institutions that direct capital to the individuals and enterprises that need it.

Sector breakdown of our portfolio

Infrastructure

30%

Financial services

27%

ICT

11%

Health

10%

Food and agriculture

8%

Manufacturing

6%

Other

5%

Construction and real estate

3%

Education

1%

Sector breakdown of our 2022 commitments

Infrastructure

26%

Financial services

25%

Manufacturing

21%

Other

12%

Food and agriculture

8%

Technology and telecoms

5%

Health

3%

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

39%

Intermediated equity

33%

Debt

26%

Guarantees

2%

Product breakdown of our 2022 commitments

Debt

41%

Direct equity

33%

Intermediated equity

23%

Guarantees

3%

The impact of our investments

In 2022, our portfolio of businesses in Africa and South Asia provided direct jobs for 958,200 people (in full-time equivalents). Of these workers, 54,090 were new hires.

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

2018

820,040

2019

833,660

2020

918,040

2021

916,050

2022

904,110

Additional jobs supported at end of year

2018

32,090

2019

42,130

2020

33,890

2021

22,310

2022

54,090

Direct jobs supported by our investee companies by country in 2022

Country  Jobs 
India 447,266
Nigeria 74,141
Egypt 69,739
Pakistan 40,534
South Africa 39,614
Kenya 34,925
Bangladesh 29,029
Morocco 21,515
Tanzania 18,260
Ghana 15,820
Ethiopia  10,987
Zimbabwe 10,042
Cameroon 9,404
Tunisia 8,529
Zambia 7,325
Cote d’Ivoire 6,751
Myanmar 6,256
Mozambique 4,206
Uganda 2,998
Democratic Republic of Congo 1,979
Senegal 999
Madagascar 985
Rwanda 659
Mauritius 543
Sierra Leone 465
Mali 138

Direct jobs supported by our investee companies by region in 2022

Africa

43%

Asia

56%

Rest of world

1%

Direct jobs supported by our investee companies by sector

Financials

34%

Industrials

13%

Agribusiness and food

12%

Healthcare

10%

Infrastructure

10%

ICT

10%

Consumer services

8%

Education

2%

Real estate

0.3%

Other

0.1%

Direct jobs supported by our investee companies by gender in 2022

Women

28%

Men

72%

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

2018

$576m

2019

$876m

2020

$555m

2021

$2064m

2022

$1345m

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

2018

$570m

2019

$917m

2020

$559m

2021

$2085m

2022

$1409m

Taxes paid by our investee companies

2018

$3.24bn

2019

$3.31bn

2020

$2.22bn

2021

$1.51bn

2022

$1.79bn

Taxes paid by our investee companies by sector

Agribusiness and food

3.2%

Consumer Services

0.3%

Education

0.7%

Financials

64%

Healthcare

9.1%

ICT

6.6%

Industrials

1.4%

Infrastructure

14.7%

Real estate

0.02%

Taxes paid by our investee companies by country in 2022

Country Taxes paid ($)
India       446,347,126
Egypt       432,625,181
Pakistan       166,660,486
Tanzania       89,543,850
Nigeria       69,215,796
Kenya         34,129,634
Uganda         33,342,559
Bangladesh         31,930,695
South Africa         25,532,467
Cote d’Ivoire         21,029,397
Cameroon         16,842,757
Myanmar         5,537,725
Ghana         3,324,026

 

Customers reached by our financial services portfolio

2018

72m

2019

93m

2020

124m

2021

132m

2022

121m

Loans supplied by our investee companies

2018

$89.6bn

2019

$89.7bn

2020

$108.7bn

2021

$99.8bn

2022

$86.1bn

Gigawatt hours of electricity produced by our investments

2018

48,724

2019

56,955

2020

55,352

2021

58,040

2022

49,873

Farmers reached by our investee companies

2018

1,252,000

2019

1,843,210

2020

1,514,540

2021

1,878,810

2022

9,994,850

Patients served by our investee companies

2018

9,547,000

2019

12,328,280

2020

14,453,620

2021

11,647,620

2022

12,898,077

Learners reached by our investee companies

2018

358,000

2019

477,500

2020

802,290

2021

1,782,810

2022

3,046,090

Supporting countries most in need

As part of our Impact Score, we rank all the countries we invest in from ‘Alpha’ to ‘Delta’ according to their GDP per capita, fragility measures and poverty gap. Alpha is the most in need and Delta the least. A detailed breakdown of our approach to country segmentation is available in our Impact Score.

Commitments to countries most in need in 2022

Alpha

$151.3m

Beta

$299.7m

Gamma

$723.7m

Delta

$73.2m

Supporting the Sustainable Development Goals

For each investment we make, we link the expected impact of the investment to the Sustainable Development Goals (SDGs). The chart shows the value of our 2022 commitments aimed at addressing each Sustainable Development Goal. Please note that some individual commitments target multiple SDGs, which means the sum of the commitments shown on this chart is greater than our total 2022 commitment figure. Click here to see a larger version of the chart below.

Find out more

For further information on our investments, please click here.

To see our IATI data, please click here.

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