Friday, February 23, 2024

Leading true information for positive global change.

Battling green skill shortage in the quest for a sustainable economy

Growth in demand for green skills is outpacing the increase in supply -...

Nigeria to get WHO-recommended new malaria vaccine by Mid-2024

The World Health Organisation has recommended a new vaccine, R21/Matrix-M, for the prevention...

Google announces N75m equity-free fund for Nigerian SMBs

Google has announced the opening of applications for the Hustle Academy SMB Fund...

Project R.I.S.E: TESS Foundation launches initiative to enhance healthcare development in underserved communities

As part of efforts to deliver on its mandate to address sustainable development...
HomeAgenda 2030AfricaAfrica: Investing in...

Africa: Investing in the Sustainable Development Goals

UNDP Africa Investment Insights Report identifies private-sector opportunities. Africa’s energy transition offers huge opportunities for people, the planet, and business. Investors could cover 70% of infrastructure financing requirements.

Today, the private sector’s role in Africa’s economies is more critical than ever. The debilitating impact of COVID-19 resulted in a growing trend of joblessness and poverty and expanded the continent’s unmet financing needs by an additional US$153 billion on top of the pre-existing annual shortfall of $200 billion, according to the African Development Bank (AfDB). 

To address the growing sustainable development and financing needs at the global level, the United Nations Development Programme (UNDP), through its Sustainable Finance Hub (SFH), supports investors’ increasing appetite for deploying capital that achieves not only financial returns but simultaneously maximizes social and environmental benefits.

The UNDP Africa Investment Insights Report, produced by the Africa Sustainable Finance Hub (ASFH), provides an overview of private sector investment opportunities with the potential to deliver on Sustainable Development Goals (SDG) targets across Africa, in line with the African Union’s Agenda 2063. The information is based on the SDG Investor Map, UNDP’s market intelligence tool that identifies investable solutions to pressing SDG needs. Utilizing the findings from 10 countries in 2022, the report offers SDG investment opportunity data and trends across the continent that can promote impactful investments.

The UNDP Africa Investment Insights Report provides an overview of private sector investment opportunities with the potential to deliver on Sustainable Development Goals targets.

The report presents 157 SDG investment opportunities in 10 sectors across diverse economic contexts in Eastern Africa (Kenya, Mauritius, Rwanda, Tanzania and Uganda), Southern Africa (Eswatini, Namibia, and South Africa) and Western Africa (Ghana and Nigeria).

The most prominent target sectors, namely Food and Beverage as well as Infrastructure, offer strong multiplier effects for the achievement of the SDGs, including through regional integration and trade while offering aggregation and diversification potential for investors.

The investment opportunities’ financial and impact potential is significant, with indicative returns of 15 to 20 percent and most investment opportunities generating a new positive outcome for stakeholders who would otherwise be underserved.

The report also makes the case for public-private partnerships in support of impactful investments, as it establishes that most investment opportunities require risk-sharing arrangements and public financing support to be successful, especially for last-mile populations and marginalized communities. This market intelligence is our contribution to directing capital to where it is most needed. It builds the basis for working with investors and enterprises to increase their operational sustainability and contributions to the SDGs in pursuit of a net positive impact for people and the planet.

The SDG Impact Standards are used as a holistic universal framework and management approach for embedding sustainability in all decision-making across organizational purpose and strategy, internal management, disclosure, and governance practices.

The private sector is ready to step in, and evidence from the Business and Sustainable Development Commission shows that the private sector has the capacity to generate $1.1 trillion in economic value by 2030. In Africa’s energy transition alone, investors could cover 70 percent of infrastructure financing requirements.

The most prominent target sectors, namely Food and Beverage as well as Infrastructure, offer strong multiplier effects for the achievement of the Sustainable Development Goals.

The potential of investment for Africa’s sustainable development progress cannot be overstated. Shifting just 3.7 percent of the $100 trillion of global assets under management by institutional investors each year would enable us to achieve the SDGs. Pension funds, as Africa’s single largest institutional investor, hold $420 billion, which could be invested for productive purposes toward the wellbeing of Africa’s people and the continent’s environment. 

We call on investors to use this UNDP Africa Investment Insights Report to identify impactful business opportunities across Africa’s economies, and work with the in-depth data of the SDG Investor Map, as available on the SDG Investor Platform, UNDP’s global market intelligence platform for SDG investment opportunities, to inform their private sector due diligence.

This article was authored by Director, of Sustainable Finance Hub, Marcus Neto and Ayodele Odusola, UNDP Resident Representative in South Africa and Director, Africa Sustainable Finance Hub

Do you want to share your impact stories or pitch the coverage of your CSR event to us? E-mail: or *Phone +234-806-795-0250 (Whatsapp &Text)

We do everything possible to supply quality news and information to all our valuable readers day in, day out and we are committed to keep doing this. Your kind donation will help our continuous research efforts.

Get notified whenever we post something new!

Subscribe to our newsletter

To be updated with all the latest news, offers and special announcements.


Seize the spotlight!

Experience unparalleled exposure and skyrocket your business!

Continue reading

IITA, FAO to strengthen partnerships for sustainable food systems

The Food and Agriculture Organization (FAO) and IITA–CGIAR have taken a step forward in their partnership journey. FAO Nigeria Country Representative Koffy Dominque Kouacou recently visited the IITA headquarters in Ibadan, marking a significant milestone in their collaborative efforts. IITA Deputy Director General...

APPLY NOW! 100 Women-led SMES to get support at the 3rd Cohort of Growth4Her

Growth4Her is a 6-month Investor Readiness Accelerator Program, open to women in West and Central Africa. G4Her seeks to bridge the gender financing gap in Africa by providing women entrepreneurs with the capacity and tools which enables them to...

President Tinubu approves upgrade of key health facilities in across Nigeria

The President of the Federal Republic of Nigeria, Bola Tinubu, has approved the immediate upgrade of key health infrastructure and equipment across all the six geo-political zones of Nigeria. The Special Adviser to the President on Media and Publicity, Chief...

Enjoy exclusive access to all of our content

Get an online subscription and you can unlock any article you come across.