- English |
-
Other Language
Creating Opportunity Where It's Needed Most
Share & Bookmark
Sub-Saharan Africa
Sub-Saharan Africa > Development Impact
Follow us: 
Development Impact
IFC’s strategy in Africa is to bring financial and advisory support to those who need it most - including smaller businesses, farmers, and students -and to support private sector growth and job creation in the region’s least developed countries and those recovering from conflict. In fiscal year 2011, IFC’s investments in sub-Saharan Africa topped $2 billion for the second year running, while our advisory services programs continued to deliver strong developmental results, especially in challenging economic environments.
IFC’s new investments in the whole of sub-Saharan Africa totaled $2.2 billion and reached 31 countries. Of the 95 new investments made during the last fiscal year, 87 were in the world’s lowest income economies, where IFC’s development impact is especially pronounced. IFC also mobilized an additional $589 million from other investors.
IFC Advisory Services was active in 31 countries in Africa, with 133 projects valued at $189 million through June 2011. Of these projects, 121 were active in the region’s lowest income economies.
IFC expanded initiatives to support the growth and development of the private sector in economies affected by conflict, especially South Sudan and Liberia.
During the previous calendar year, IFC’s activities:
Generated power for an additional 6.6 million people
Connected about 59 million telephone users
Supported nearly 500,000 students
Provided loans to 241,000 small businesses and 261,000 farmers
- Created about 217,000 jobs
Stay Connected
