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 2018, we made £1.06bn of new commitments and increased our portfolio to £4.3 billion.

Our portfolio size

2011

$3018m

2012

$3594m

2013

$4026m

2014

$4492m

2015

$4421m

2016

$4760m

2017

$5303m

2018

$5552m

How we invest in regions

Since 2012, we have only made new commitments in Africa and South Asia. At the end of 2018, we had invested in 698 businesses in Africa and 344 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

29.7%

Nigeria

6.4%

Kenya

5.2%

South Africa

5.1%

Cote d Ivoire

4.3%

China

3.9%

Cameroon

3.1%

Uganda

2.8%

Zambia

2.6%

Bangladesh

2.5%

Regional breakdown of our 2018 commitments

Africa

71%

South Asia

20%

Pan-region

9%

Country breakdown of our portfolio

CountryValuation CountryValuationCountryValuation
India$1,646.1 mMyanmar$56.2 mGabon$31.5 m
China$219.3 mEthiopia$26.8 mColombia$6.5 m
Nigeria$345.2 mAlgeria$21.0 mSierra Leone$28.1 m
South Africa$283.9 mMalawi$33.9 mSenegal$9.7 m
Kenya$288.0 mMozambique$34.6 mPhilippines$3.0 m
Cote d’Ivoire$240.1 mVietnam$20.0 mMadagascar$8.7 m
Pakistan$135.3 mIndonesia$22.4 mBurkina Faso$3.4 m
Cameroon$173.5 mMorocco$39.2 mRwanda$6.1 m
Zambia$142.6 mMalaysia$20.1 mMali$8.0 m
Ghana$136.2 mEgypt$115.4 mPeru$4.0 m
Uganda$159.9 mMexico$10.3 mNiger$2.7 m
Tanzania$86.1 mMauritius$17.4 mLiberia$0.9 m
Brazil$81.3 mZimbabwe$68.2 mNamibia$3.2 m
Bangladesh$141.2 mTunisia$13.7 mAfghanistan$2.3 m
Congo (Democratic Republic)$51.2 mCosta Rica$0.5 m

As some of our investments have operations in multiple countries, they are not included in this individual country information. For confidentiality reasons, data has also been removed for countries where we have fewer than three investments.

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

27%

Infrastructure

19%

Food and agriculture

5%

Health

<1%

Manufacturing

7%

Construction and real estate

6%

Education

1%

Other

35%

Sector breakdown of our 2018 commitments

Infrastructure

19%

Financial services

27%

Health

<1%

Construction and real estate

6%

Food and agriculture

5%

Manufacturing

7%

Education

3%

Other

35%

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

47%

Direct equity

35%

Debt

17%

Guarantees

1%

Product breakdown of our 2018 commitments

Intermediated equity

29%

Direct equity

18%

Debt

40%

Guarantees (unfunded)

13%

The impact of our investments

In 2018, our portfolio of businesses in Africa and South Asia provided direct jobs for 852,130 people (in full-time equivalents). Of these jobs, 32,090 were newly created.

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

Additional jobs supported at end of year

2014

23,800

2015

24,670

2016

43,950

2017

62,820

2018

32,090

Direct jobs supported by our investee companies by country in 2018

CountryEmployees 2018CountryEmployees 2018
Afghanistan33Mali89
Africa Region41,671Mauritius35,437
Algeria3,556Morocco8,984
Angola2,900Mozambique469
Bangladesh30,563Myanmar1,226
Botswana3,192Namibia629
Burkina Faso977Niger25
Cameroon5,198Nigeria52,345
Congo (Democratic Republic)12,371Pakistan48,131
Cote d Ivoire15,071Rwanda1,361
East Africa Region2,219Senegal4,341
Egypt12,160Sierra Leone1,064
Ethiopia5,327South Africa66,406
Gabon1,118Sri Lanka427
Ghana12,037Swaziland1,773
India401,257Tanzania13,730
Kenya28,204Tunisia7,369
Liberia1,056Uganda5,675
LibyaWest Africa Region3,591
Madagascar2,725Zambia7,855
Malawi2,362Zimbabwe6,096
Total852,130

Direct jobs supported by our investee companies by region in 2018

Africa

43%

South and South East Asia

57%

Direct jobs supported by our investee companies by sector in 2018

9.94%

Consumer businesses

11.79%

Education

6.02%

Financial services

33.69%

Health

10.05%

ICT

3.49%

Industrials

17.39%

Infastructure

6.71%

Real estate

<1%

Extractive industries

<1%

Direct jobs supported by our investee companies by gender in 2018

Women

30%

Men

70%

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

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

2014

$991m

2015

$1562m

2016

$1033m

2017

$593m

2018

$570m

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

Taxes paid by our investee companies by sector

Food and agriculture

3.94%

Consumer businesses

5.82%

Education

<1%

Financial services

35.55%

Health

12.02%

ICT

23.25%

Industrials

6.71%

Infrastructure

10.33%

Real Estate

<1%

Extractive industries

1.48%

Taxes paid by our investee companies by country in 2018

CountryTaxes Paid ($m)CountryTaxes Paid ($m)CountryTaxes Paid ($m)
Afghanistan426,034India935,183,267Rwanda4,364,526
Africa Region303,087,688Kenya137,200,035Senegal3,623,467
Algeria13,430,865Liberia229,953Sierra Leone38,466
Bangladesh316,872,850Madagascar2,348,972South Africa225,609,211
Botswana44,434,137Malawi1,838,239Sri Lanka58,638
Burkina Faso844,156Mali43,407Swaziland1,391,452
Cameroon51,670,954Mauritius24,121,584Tanzania63,151,287
Congo (DR)2,107,007Morocco29,695,887Tunisia4,303,014
Côte d’Ivoire57,603,524Mozambique101,652Uganda37,219,039
East Africa Region2,164,419Myanmar14,278,801West Africa Region54,914,151
Egypt30,488,639Namibia1,100,000Zambia18,556,556
Ethiopia5,581,869Niger7,508,000Zimbabwe20,295,946
Gabon25,899,044Nigeria494,209,032
Ghana97,375,295Pakistan207,404,998

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

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

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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