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 2017, we made $1.4 billion of new commitments and our portfolio value increased to $5.3 billion.
Our portfolio size
2011
$3018m
2012
$3594m
2013
$4026m
2014
$4492m
2015
$4421m
2016
$4760m
2017
$5303m
How we invest in regions
Since 2012, we have only made new commitments in Africa and South Asia. In these regions, we invest in 715 business in Africa and 338 in South Asia.
Regional breakdown of our portfolio
Africa
49%
South Asia
37%
Rest of World
14%
Top 10 countries we are invested in
India
32%
China
8%
Nigeria
7%
South Africa
6%
Kenya
5%
Cote d Ivoire
5%
Pakistan
3%
Cameroon
3%
Zambia
3%
Ghana
2%
Regional breakdown of our 2017 commitments
Africa
48%
South Asia
37%
Pan-region
15%
Country breakdown of our portfolio
| Country | Valuation | Country | Valuation | Country | Valuation |
| India | $1,677,882,936 | Myanmar | $43,967,809 | Gabon | $15,082,166 |
| China | $381,109,326 | Ethiopia | $29,870,356 | Colombia | $14,557,899 |
| Nigeria | $363,121,153 | Algeria | $27,305,881 | Sierra Leone | $10,837,734 |
| South Africa | $322,244,418 | Malawi | $8,338,746 | Senegal | $8,338,746 |
| Kenya | $267,803,999 | Mozambique | $26,755,221 | Philippines | $6,853,503 |
| Cote d’Ivoire | $250,322,798 | Vietnam | $25,567,124 | Madagascar | $6,569,529 |
| Pakistan | $182,961,215 | Indonesia | $23,415,236 | Burkina Faso | $5,840,739 |
| Cameroon | $158,290,642 | Morocco | $21,553,234 | Rwanda | $4,837,814 |
| Zambia | $146,124,584 | Malaysia | $21,236,576 | Mali | $4,134,863 |
| Ghana | $130,242,177 | Egypt | $21,015,453 | Peru | $4,008,591 |
| Uganda | $120,962,048 | Cambodia | $19,041,084 | Thailand | $3,881,217 |
| Tanzania | $14,171,334 | Mexico | $18,965,457 | Niger | $1,762,972 |
| Brazil | $91,466,451 | Mauritius | $17,692,202 | Kazakhstan | $1,708,151 |
| Bangladesh | $80,921,169 | Zimbabwe | $17,589,023 | Liberia | $1,158,456 |
| Congo (Democratic Republic) | $54,400,847 | Tunisia | $16,699,009 | Costa Rica | $1,153,705 |
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
Infrastructure
23%
Financial services
24%
Health
7%
Construction and real estate
4%
Food and agriculture
6%
Manufacturing
7%
Education
2%
Other
27%
Sector breakdown of our 2017 commitments
Infrastructure
38%
Financial services
26%
Health
7%
Construction and real estate
4%
Food and agriculture
3%
Manufacturing
1%
Education
<1%
Other
21%
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
52%
Direct equity
38%
Debt
10%
Guarantees
<1%
Product breakdown of our 2017 commitments
Intermediated equity
26%
Direct equity
48%
Debt
19%
Guarantees
7%
The impact of our investments
In 2017, the businesses in our portfolio in Africa and South Asia employed nearly three-quarters of a million people (734,000). Of these jobs, 63,000 were newly created.
Direct jobs supported by our investee companies
2014
533,000
2015
657,000
2016
649,000
2017
734,000
Direct jobs supported by our investee companies by country
| Country | Number of employees | Country | Number of employees | Country | Number of employees |
| Algeria | 3,400 | Kenya | 25,306 | Pakistan | 44,408 |
| Bangladesh | 31,415 | Liberia | 395 | Rwanda | 738 |
| Burkina Faso | 928 | Madagascar | 3,008 | Senegal | 3,466 |
| Cameroon | 5,149 | Malawi | 3,048 | Sierra Leone | 630 |
| Congo (Democratic Republic) | 4,859 | Mali | 36 | South Africa | 61,015 |
| Cote d’Ivoire | 5,110 | Mauritius | 57,388 | Tanzania | 7,770 |
| Egypt | 9,102 | Morocco | 513 | Tunisia | 7,702 |
| Ethiopia | 4,526 | Mozambique | 403 | Uganda | 2,845 |
| Gabon | 1,160 | Myanmar | 834 | Zambia | 6,900 |
| Ghana | 10,630 | Niger | 68 | Zimbabwe | 6,208 |
| India | 351,708 | Nigeria | 42,779 |
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.
Direct jobs supported by our investee companies by region in 2017
Africa
42%
South Asia
58%
Direct jobs supported by our investee companies by sector in 2017
Food and agriculture
7%
Construction and real estate
<1%
Education
6%
Financial services
29%
Health
8%
Infrastructure
4%
Manufacturing
17%
Other
29%
Direct jobs supported by our investee companies by gender in 2017
Women
32%
Men
68%
Private sector capital our investments have helped mobilise
2012
$252m
2013
$982m
2014
$827m
2015
$1507m
2016
$543m
2017
$201m
Taxes paid by our investee companies
2012
$2.19bn
2013
$2.14bn
2014
$2.34bn
2015
$2.6bn
2016
$4.1bn
2017
$3.5bn
Taxes paid by our investee companies by sector
Food and agriculture
2%
Construction and real estate
<1%
Education
1%
Financial services
34%
Health
<1%
Infrastructure
6%
Manufacturing
5%
Other
52%
Taxes paid by our investee companies by country in 2017
| Country | Taxes paid (US$m) | Country | Taxes paid (US$m) | Country | Taxes paid (US$m) |
| Algeria | 8.13 | Kenya | 91.86 | Pakistan | 278.47 |
| Bangladesh | 328.98 | Liberia | 0.34 | Rwanda | 5.28 |
| Burkina Faso | 1.20 | Madagascar | 0.18 | Senegal | 1.68 |
| Cameroon | 44.70 | Malawi | 8.73 | Sierra Leone | 0.04 |
| Congo (Democratic Republic) | 1.01 | Mali | 0.04 | South Africa | 70.43 |
| Cote d’Ivoire | 23.03 | Mauritius | 28.07 | Tanzania | 75.17 |
| Egypt | 10.69 | Morocco | 2.05 | Tunisia | 3.67 |
| Ethiopia | 5.66 | Mozambique | 0.13 | Uganda | 7.41 |
| Gabon | 2.26 | Myanmar | 2.20 | Zambia | 16.18 |
| Ghana | 636.98 | Niger | N/A | Zimbabwe | 16.96 |
| India | 1,148.76 | Nigeria | 615.58 | ||
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.
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
Loans supplied by our investee companies
2012
$21.4bn
2013
$22.5bn
2014
$26.7bn
2015
$52.8bn
2016
$140.3bn
2017
$115.4bn
Publications
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