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 2020, we committed $1.57 billion (£1.22 billion) and we increased our portfolio to $7.1 billion (£5.2 billion).

Our portfolio size

2016

$4760m

2017

$5303m

2018

$5552m

2019

$6200m

2020

$7100m

How we invest in regions

Since 2012, we have only made new commitments in Africa and South Asia. At the end of 2020, we had direct and indirect investments in almost 1,200 businesses – including 681 in Africa and 410 in our target countries in Asia.

Top 10 countries we are invested in

India

25%

Nigeria

7.5%

Kenya

5.3%

Cote d Ivoire

4.3%

Egypt

4%

South Africa

3.8%

Morocco

3.6%

Cameroon

3.1%

Bangladesh

3.1%

Uganda

2.1%

Regional breakdown of our portfolio

Africa

60%

South Asia

31%

Rest of World

9%

Regional breakdown of our 2020 commitments

Africa

68%

South Asia

10%

Pan-region (Africa + South Asia)

22%

Country breakdown of our portfolio

Country Portfolio value (USDm) Country Portfolio value (USDm)
India  1,765.1 Gabon  49.0
Africa Region  779.4 Ethiopia  35.7
Nigeria  529.5 Mozambique  28.7
Global – MIC  450.6 Malawi  27.1
Kenya  371.9 Algeria  23.0
Cote d Ivoire  306.1 Tunisia  22.7
Egypt  285.0 Brazil  22.6
South Africa  270.3 Congo (Democratic Republic)  21.6
Morocco  252.6 Asia Region  17.3
Cameroon  216.9 Senegal  12.2
Bangladesh  215.0 Madagascar  11.1
East Africa Region  160.4 Philippines  8.2
Uganda  146.7 Vietnam  6.9
Ghana  142.8 Namibia  6.5
Zambia  134.1 Mali  6.5
Pakistan  126.0 Mauritius  6.2
China  121.5 Afghanistan  5.9
Myanmar  96.2 Rwanda  5.4
Zimbabwe  85.2 Indonesia  2.6
West Africa Region  84.4 Sierra Leone  0.9
Tanzania  74.8 Niger  0.6

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

27%

Manufacturing

7%

Health

4%

Food and agriculture

4%

Construction and real estate

3%

Education

2%

Other

23%

Sector breakdown of our 2020 commitments

Financial services

60%

Health

14%

Infrastructure

13%

Food and agriculture

5%

Other

4%

Manufacturing

2%

Construction and real estate

2%

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

37%

Intermediated equity

35%

Debt

24%

Guarantees

3%

Product breakdown of our 2020 commitments

Direct equity

30%

Intermediated equity

16%

Debt

32%

Guarantees

22%

The impact of our investments

In 2020, our portfolio of businesses in Africa and South Asia provided direct jobs for 951,930 people (in full-time equivalents). Of these workers, 33,890 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

Additional jobs supported at end of year

2016

43,950

2017

62,820

2018

32,090

2019

42,130

2020

33,890

Direct jobs supported by our investee companies by country in 2020

Country Jobs Country Jobs
India  544,934 Mozambique  4,749
South Africa  49,732 Uganda  4,562
Africa Region  49,668 Myanmar  3,851
Nigeria  44,952 Malawi  3,498
Kenya  36,530 Algeria  3,202
Egypt  30,548 Madagascar  1,803
Pakistan  27,454 Namibia  1,597
Bangladesh  22,906 Congo (Democratic Republic)  1,593
Cote d Ivoire  20,244 Gabon  1,415
Morocco  17,059 Zambia  1,081
Tunisia  12,109 Rwanda  513
Ghana  11,758 Senegal  358
Tanzania  9,660 Sierra Leone  284
Africa: West Africa  8,214 Mali  130
Zimbabwe  7,552 Afghanistan  104
Cameroon  7,066 Mauritius  68
Ethiopia  5,400

Direct jobs supported by our investee companies by region in 2020

Africa

36.5%

South and South East Asia

63.5%

Direct jobs supported by our investee companies by sector in 2020

Agribusiness and food

9.1%

Consumer services

15.6%

Education

3.8%

Financials

30.7%

Healthcare

9%

Industrials

21.1%

Communications

4.7%

Infastructure

5.7%

Real estate

0.2%

Other

0.1%

0

Direct jobs supported by our investee companies by gender in 2020

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

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

2016

$1033m

2017

$593m

2018

$570m

2019

$917m

2020

$559m

Taxes paid by our investee companies

2016

$4.1bn

2017

$3.5bn

2018

$3.24bn

2019

$3.31bn

2020

$2.22bn

Taxes paid by our investee companies by sector

Agribusiness and food

4.13%

Consumer Services

3.79%

Education

0.23%

Financials

42.6%

Healthcare

3.8%

Industrials

9.9%

Communications and IT

23.9%

Infrastructure

11.2%

Real estate

0.2%

Other

0.3%

Taxes paid by our investee companies by country in 2020

Country Taxes paid US$ Country Taxes paid US$
Nigeria 695,801,753 Myanmar 4,832,506.46
India 599,888,352.4 Tunisia 4,407,587.614
Africa Region 226,224,904.9 Ethiopia 4,194,082.343
Tanzania 10,8291,608.8 Senegal 3,828,006
Morocco 102,035,333.7 Zambia 3,235,629
Pakistan 98,697,732.65 Algeria 1,833,462.947
Cameroon 61,629,579.25 Rwanda 1,556,275
Egypt 45,546,581.78 Malawi 1,345,188.136
South Africa 44,496,242.74 Madagascar 1,311,338.457
Cote d Ivoire 28110913.24 Mauritius 428,363
Ghana 25,817,799.88 Afghanistan 192,472
Kenya 22,859,071.28 Mozambique 93,221
Gabon 15,882,324.85 Mali 19,873
Bangladesh 14,091,417.47 Congo (Democratic Republic) 5,676
Africa: West Africa 5,792,295.712 Sierra Leone 0
Uganda 5,236,423.703

Gigawatt hours of electricity produced by our investments

2016

69,272

2017

46,311

2018

48,724

2019

57,000

2020

55,000

Loans supplied by our investee companies

2016

$140.3bn

2017

$115.4bn

2018

$89.6bn

2019

$89.7bn

2020

$108.7bn

Find out more

For further information on our investments, please click here.

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

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