Key data
Our portfolio size
Making a financial return means we can recycle the money into new investments, to create jobs and pay taxes beyond our involvement. In 2019, we made £1.66 billion of new commitments and increased our portfolio to £4.7 billion ($6.2 billion).
Our portfolio size
2011
$3018m
2012
$3594m
2013
$4026m
2014
$4492m
2015
$4421m
2016
$4760m
2017
$5303m
2018
$5552m
2019
$6200m
How we invest in regions
Since 2012, we have only made new commitments in Africa and South Asia. At the end of 2019, we had invested in 1,228 businesses – 690 in Africa and 377 in our target countries in South Asia.
Regional breakdown of our portfolio
Africa
52%
South Asia
35%
Rest of World
11%
Top 10 countries we are invested in
India
27.6%
Nigeria
6.8%
Kenya
4.9%
South Africa
4.8%
Cote d Ivoire
4.5%
Morocco
4.2%
Bangladesh
2.9%
Cameroon
2.9%
China
2.5%
Egypt
2.4%
Regional breakdown of our 2019 commitments
Africa
52%
South Asia
27%
Pan-region (Africa + South Asia)
21%
Country breakdown of our portfolio
| Country | Valuation (m) | Country | Valuation (m) |
| India | $1,782.1 | Gabon | $39.0 |
| Nigeria | $435.4 | Mozambique | $33.7 |
| Kenya | $321.2 | Ethiopia | $29.7 |
| South Africa | $307.4 | Nepal | $26.6 |
| Cote d Ivoire | $288.5 | Cambodia | $26.4 |
| Morocco | $269.9 | Malawi | $25.8 |
| Bangladesh | $188.3 | Algeria | $24.0 |
| Cameroon | $188.1 | Sierra Leone | $23.3 |
| China | $165.1 | Malaysia | $18.3 |
| Egypt | $158.1 | Congo (Democratic Republic) | $17.7 |
| Pakistan | $151.0 | Zimbabwe | $17.6 |
| Uganda | $149.6 | Tunisia | $16.6 |
| Ghana | $143.8 | Indonesia | $15.6 |
| Zambia | $140.2 | Mauritius | $14.8 |
| Brazil | $86.3 | Vietnam | $14.1 |
| Tanzania | $84.6 | Madagascar | $12.7 |
| Myanmar | $78.4 | Senegal | $9.6 |
| Rwanda | $6.4 |
How we invest in sectors
Our seven priority sectors are financial services, infrastructure, health, manufacturing, 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
30%
Infrastructure
28%
Food and agriculture
5%
Health
<6%
Manufacturing
6%
Construction and real estate
4%
Education
2%
Other
19%
Sector breakdown of our 2019 commitments
Infrastructure
23%
Financial services
53%
Health
3%
Other
17%
Food and agriculture
3%
Education
,1%
Manufacturing
0%
Construction and real estate
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
Intermediated equity
41%
Direct equity
38%
Debt
20%
Guarantees
1%
Product breakdown of our 2019 commitments
Intermediated equity
17%
Direct equity
24%
Debt
27%
Guarantees (unfunded)
32%
The impact of our investments
In 2019, our portfolio of businesses in Africa and South Asia provided direct jobs for 875,790 people (in full-time equivalents). Of these workers, 42,130 were new hires in 2019.
Direct jobs supported at the start of the year by our investee companies
2014
509,200
2015
632,070
2016
604,870
2017
671,150
2018
820,040
2019
833,660
Additional jobs supported at end of year
2014
23,800
2015
24,670
2016
43,950
2017
62,820
2018
32,090
2019
42,130
Direct jobs supported by our investee companies by country in 2019
| Country | Jobs | Country | Jobs | Country | Jobs | Country | Jobs |
| Afghanistan | 118 | Myanmar | 3,131 | Pakistan | 28,980 | Ghana | 15,240 |
| Burkina Faso | 713 | Madagascar | 685 | Zimbabwe | 7,451 | South Africa | 58,944 |
| Mali | 130 | Rwanda | 1,565 | Cote d Ivoire | 16,244 | Kenya | 27,032 |
| Niger | 25 | Senegal | 851 | Congo (Democratic Republic) |
9,643 | Nigeria | 37,265 |
| Malawi | 3,274 | Zambia | 7,940 | Ethiopia | 5,147 | India | 489,022 |
| Gabon | 1,455 | Cameroon | 5,422 | Sierra Leone | 2,482 | Total | 9,962 |
| Mauritius | 342 | Tunisia | 7,063 | Egypt | 28,351 | ||
| Algeria | 3,577 | Bangladesh | 30,091 | Tanzania | 13,331 | ||
| Mozambique | 328 | Morocco | 12,006 | Uganda | 5,929 |
Direct jobs supported by our investee companies by region in 2019
Africa
36%
South and South East Asia
64%
Direct jobs supported by our investee companies by sector in 2019
Agribusiness
8.3%
Business services
9.3%
Communications
2.1%
Construction
,1%
Education
4.1%
Financial Services
19.1%
Healthcare
7.6%
Infastructure
6.1%
Manufacturing
17.9%
Microfinance
9.6%
Real estate
<1%
Trade
14.7%
Direct jobs supported by our investee companies by gender in 2019
Women
28%
Men
69%
Private sector capital our investments have helped mobilise: Organisation for Economic Co-operation and Development Method
2014
$1006m
2015
$1497m
2016
$1107m
2017
$690m
2018
$576m
2019
$876m
Private sector capital our investments have helped mobilise: Multilateral Development Bank Method
2014
$991m
2015
$1562m
2016
$1033m
2017
$593m
2018
$570m
2019
$917m
Taxes paid by our investee companies
2012
$2.19bn
2013
$2.14bn
2014
$2.34bn
2015
$2.6bn
2016
$4.1bn
2017
$3.5bn
2018
$3.24bn
2019
$3.31bn
Taxes paid by our investee companies by sector
Agribusiness
1.6%
Business Services
7.1%
Communications
42%
Construction
<1%
Education
<1%
Financial Services
23.1%
Healthcare
<1%
Infrastructure
9.4%
Microfinance
2.6%
Trade
7.6%
Taxes paid by our investee companies by country in 2019
| Country | Taxes paid | Country | Taxes paid |
| Afghanistan | $98,340 | Ethiopia | $3,556,780 |
| Malawi | $3,307,396 | Bangladesh | $1,103,669,940 |
| Gabon | $28,896,506 | Egypt | $13,508,562 |
| Pakistan | $11,807,604 | South Africa | $161,074,010 |
| Myanmar | $8,018,904 | Tanzania | $84,051,335 |
| Morocco | $29,639,659 | Ghana | $34,815,797 |
| Rwanda | $5,447,896 | Uganda | $35,264,159 |
| Zambia | $18,317,169 | Nigeria | $448,455,310 |
| Cameroon | $60,783,483 | Kenya | $146,220,780 |
| Cote d Ivoire | $37,549,584 | India | $678,548,291 |
Gigawatt hours of electricity produced by our investments
2012
17,599
2013
29,097
2014
40,164
2015
56,400
2016
69,272
2017
46,311
2018
48,724
2019
57,000
Loans supplied by our investee companies
2012
$21.4bn
2013
$22.5bn
2014
$26.7bn
2015
$52.8bn
2016
$140.3bn
2017
$115.4bn
2018
$89.6bn
2019
$89.7bn
Publications
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