2007 CGAP Regional Funder Survey: Sub-Saharan Africa

Apr 2008
Washington D.C, United States, April, 18 2008 - In 2005, CGAP began surveying funders working in Africa to increase access to finance. In 2007, despite an expected slight decline in global official development assistance, CGAP's survey found that sub-Saharan Africa still draws attention from funders and aid to increase access to finance continues to rise.

In 2007, the 39 respondents to the survey had total commitments of US$4.2 billion, covering 730 projects in all 48 countries in sub-Saharan Africa. Between 2006 and 2007, committed funding increased by 6 percent, and the number of projects increased by 61 percent. This number includes funding from a wide variety of funders, though most are noncommercial using public monies.

In contrast, a CGAP survey of microfinance investment vehicles(MIVs)--private funds that typically have a more commercial orientation--reports that MIVs invested only US$69 million in sub-Saharan Africa out of US$2.7 billion globally in 2006.

Funding is heavily concentrated in East Africa and certain countries in West Africa (Figure 1), with Uganda having the largest number (62) of financial access programs.

Funding is least concentrated in Central and Southern Africa. However, funders are increasingly investing in regional projects rather than country-specific ones.

Six countries (Ghana, Tanzania, Madagascar, Uganda, Nigeria, Mali) account for over 30 percent of total committed funding; the 20 least funded countries account for only 2 percent

Source : CGAP

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