FSD Africa @ AFSIC 2017
Based in Nairobi, FSD Africa is a UK Government agency for inclusive financial sector development in sub-Saharan Africa. It is mandated by the Department for International Development (DFID) to be a risk taking capacity builder and investor in both the retail and capital market fields.
In line with the UK Aid strategy, from 2017 and beyond, FSD Africa will increase the intensity of its work in frontier financial markets or so-called fragile states. To begin, it will focus on: the Democratic Republic of Congo, Sierra Leone and Zimbabwe. It will also prioritise two themes: forcibly displaced people and remittances.
This selection reflects a combination of: a) need – where financial market failures are deepest and poverty levels highest; b) additionally – where few, similar organisations have a footprint, and c) feasibility – where FSD Africa can practically operate and has existing partners.
According to Joe Huxley – FSD Africa’s Regional Strategies Co-ordinator: “AFSIC is fast becoming the premier investor event for Africa. We are delighted to help broaden horizons and broker new partnerships focussed on good quality, long-term investments in Africa’s frontier markets. We hope to unlock a valuable dividend for both investors, but also some of the most vulnerable and marginalised on the continent.”