Development finance institution
FSD Africa Investments Limited (FSDAi)
FSD Africa (Investments) Limited (FSDAi) is the investment arm of FSD Africa, a UK-funded development programme operating from Kenya. Established to make finance work for Africa's future, FSDAi deploys early-stage, risk-bearing, and patient capital into innovative financial instruments, facilities, and intermediaries across over 30 African countries. Its core mission is to unlock green economic growth by catalysing larger volumes of private capital and strengthening Africa's financial markets. FSDAi focuses on supporting businesses that improve the availability and efficiency of funding for productive activities, basic social services, and climate change solutions, aiming for high market development impact and acceptable risk-adjusted financial returns.
Investment focus
- Sectors
- Financial servicesEnergy and powerManufacturing and industrialsTechnologyAgriculture and foodHealthcare
- Stages and strategies
- SeedGrowthFund investmentsPrivate creditPre-seedSeries A
- Instruments
- EquityDebt
- Regions
- Northern Africa, Eastern Africa, Western Africa, Central Africa, Southern Africa, Pan-African
- African markets named in public materials
- Kenya
Fund commitments
- Transform Health Fund
- African Local Currency Bond Fund (ALCBF)
- Acre Export Finance Fund I LP
- Persistent Africa Climate Venture Builder Fund
- Lendable MSME Fintech Credit Fund I
- Catalyst Climate Fund Resilience I, L.P.
- 3iF Ventures Inclusive Insurtech Investment Fund
- Nithio FAIR
- Ci-Gaba (Progress) Fund
- African Transition Acceleration Fund (ATAF)
- Spark Energy Services (Spark)
- Catalyst Fund I
- ARM-Harith Cities and Climate Transition Fund
- BlueOrchard COVID-19 Emerging and Frontier Market MSME Support Fund
- Africa Nature Impact Fund
Sources
- Partner Researchers, accessed 14 November 2026
- Partner Researchers, accessed 14 November 2026
- https://fsdafrica.org/first-of-its-kind-africa-nature-impact-fund-targets-usd-100m-for-nature-based-solutions-in-africa-2/, fsdafrica.org. Accessed 14 November 2026.
- https://fsdafrica.org/behind-the-investment-africas-first-dedicated-inclusive-insurance-venture-fund/, fsdafrica.org. Accessed 14 November 2026.
- https://armharith.com/arm-harith-achieves-us76-million-first-close-for-its-climate-transition-fund/, armharith.com. Accessed 14 November 2026.
- https://fsdafrica.org/3if-ventures-reaches-usd-12-million-first-close-to-scale-africas-inclusive-insurance-market/, fsdafrica.org. Accessed 14 November 2026.
- https://empowerafrica.com/fsdai-allied-climate-partners-commit-50-million-to-african-transition-acceleration-fund/, empowerafrica.com. Accessed 14 November 2026.
- https://persistent.energy/news/persistent-launches-us70-million-persistent-africa-climate-venture-builder-fund-and-5-million-venture-building-facility/, persistent.energy. Accessed 14 November 2026.
- https://smallfoundation.ie/ci-gaba-reaches-first-close/, smallfoundation.ie. Accessed 14 November 2026.
- https://fsdafrica.org/fsdai-invests-in-ci-gaba-fund-supporting-first-close-of-the-usd-75-million-fund-to-unlock-ghanaian-pension-capital-for-private-markets/, fsdafrica.org. Accessed 14 November 2026.
- https://www.acre.capital/post/press-acre-impact-capital-announces-the-first-closing-of-its-export-finance-fund-i, www.acre.capital. Accessed 14 November 2026.