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Improving digital access offers greatest private-sector investment opportunity in achieving the SDGs in Africa, says Standard Chartered

Improving digital access offers greatest private-sector investment opportunity in achieving the SDGs in Africa, says Standard Chartered

Opportunity2030 study reveals an almost USD200 billion private-sector investment opportunity in contributing to the UN Sustainable Development Goals (SDGs) in five African countries; The study examines the most impactful opportunities for investing in three infrastructure-focused SDGs in five high-growth markets in Africa: Ghana, Kenya, Nigeria, Uganda, Zambia.

Opportunity2030: The Standard Chartered (www.SC.com) SDG Investment Map reveals a USD197 billion opportunity for private-sector investors in five high-growth markets in Africa to help achieve the UN’s Sustainable Development Goals (SDGs), with improving digital access making up USD74.5 billion of that total.

The study highlights opportunities for investors to contribute to three infrastructure-focused goals between now and 2030: SDG 6: Clean Water and Sanitation, SDG 7: Affordable and Clean Energy and SDG 9: Industry, Innovation and Infrastructure across emerging markets.

Across all the world’s emerging markets, Oportunity2030 identifies a USD10 trillion opportunity for private sector investors. This represents around 40 per cent of the total funding required to meet specific indicators within the three SDGs – allowing for population growth as well as maintaining current access – with public funds expected to provide the bulk of the investment.

Five African countries are included in the study: Ghana, Kenya, Nigeria, Uganda and Zambia. Key highlights include:

  • Providing universal digital access represents the greatest investment opportunity for the private sector by 2030 (USD74.5 billion), followed by universal access to power (USD65.8 billion), transport infrastructure (USD46.4 billion) and access to clean water and sanitation (USD10.3 billion)
  • The biggest single opportunity across the African markets in the study is in increasing digital access – a combination of mobile phone subscriptions rates and internet connectivity – in Nigeria (USD47.4 billion). Driven by its large and growing population, Nigeria also offers the greatest overall opportunity across the SDG indicators measured (a total of USD114.2 billion), followed by Kenya (USD40 billion)
  • Zambia and Kenya present a big opportunity to make an impact on SDG 6 (Clean Water and Sanitation): With an average of 43 per cent and 56 per cent of the population respectively currently lacking access to clean water and sanitation, there is a USD0.7 billion and USD2.3 billion private-sector investment opportunity to help close the gap by 2030
  • Uganda presents a meaningful opportunity to make an impact on SDG 7 (Affordable and Clean Energy): with just 22 per cent of the population that have access to electricity, there is a USD6.1 billion private-sector investment opportunity to help achieve universal access by 2030
  • The greatest investment opportunity in Ghana is in achieving and maintaining universal access to electricity (a key SDG 7 indicator), representing a USD7.8 billion private-sector opportunity

Sunil Kaushal, Regional CEO, Africa & Middle East, Standard Chartered, said: The UN Sustainable Development Goals are amongst the most ambitious projects humanity has ever attempted. As well as offering our best hope yet of tackling the world’s most serious challenges, they also offer a unique opportunity for the private sector. For the goals to be met in Africa, the private sector must play a central role in deploying capital to get projects off the ground. Opportunity2030 provides a map of these opportunities, revealing the sectors and markets where investors can best contribute to the SDGs whilst achieving sustainable returns.

“Currently, not enough capital is reaching the countries that need it the most. With the UN’s 2030 deadline for achieving SDGs just 10 years away, the time to act is now.” 

With Standard Chartered’s experience and reach into Africa, the Bank uses banking knowledge, products and its unique footprint to fund sustainable development where it matters most. In June 2019, we launched our first Sustainability Bond, raising EUR 500 million to fund projects aligned to the SDGs in emerging markets, and have worked with clients and partners to create a number of important landmark structured solutions to support the SDG’s. The Bank has also launched its digital bank in nine markets in Africa, as part of the Bank’s digital transformation strategy for Africa. The digital banking solution provides Standard Chartered customers with affordable, fast and easily accessible banking services that is supporting financial inclusion in the markets.

Opportunity2030: SDG private-sector investment opportunities by African countries in the study:

Market

Water and sanitation (SDG 6)

Access to power
(SDG 7)

Transport infrastructure (SDG 9)

Digital access (SDG 9)

Total

Nigeria

USD5.7bn

USD32.3bn

USD28.8bn

USD47.4bn

USD114.2bn

Kenya

USD2.3bn

USD15.6bn

USD9.1bn

USD13.0bn

USD40.0bn

Ghana

USD0.8bn

USD7.8bn

USD4.1bn

USD6.9bn

USD19.6bn

Uganda

USD0.8bn

USD6.1bn

USD2.8bn

USD4.0bn

USD13.7bn

Zambia

USD0.7bn

USD4.0bn

USD1.6bn

USD3.2bn

USD9.5bn

Total

USD10.3bn

USD65.8bn

USD46.4bn

USD74.5bn

USD197bn

You can download the full Standard Chartered Opportunity2030 report here (https://bit.ly/2tJM8Tw).


Distributed by APO Group on behalf of Standard Chartered.

Notes to editors:
Opportunity2030: The Standard Chartered SDG Investment Map is a macroeconomic study that draws on global data sources and indicative private-sector participation rates to provide companies, institutional investors and other stakeholders with an overview of where their investments could have the greatest impact. It spans 15 of the world’s fastest-growing economies and estimates the potential private-sector investment opportunity to contribute to three of the most investment-ready UN SDGs (6,7 and 9). Within these SDGs, it focuses on four indicators – water and sanitation services; power; telecoms (digital access); and transport infrastructure. For further details, please refer to the full report (https://bit.ly/2tJM8Tw) and methodology.

Media Contact:
Monica Barten
Director, Communications
Africa & Middle East
Monica.barten@sc.com
+97145084565

About Standard Chartered:
We are a leading international banking group, with a presence in 60 of the world’s most dynamic markets and serving clients in a further 85. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, Here for good.

Standard Chartered PLC (www.SC.com) is listed on the London and Hong Kong Stock Exchanges as well as the Bombay and National Stock Exchanges in India.

For more stories and expert opinions please visit Insights (https://bit.ly/37p1eME) at www.SC.com. Follow Standard Chartered on Twitter (https://bit.ly/2RjX5Eb), LinkedIn (https://bit.ly/2TQAX6g) and Facebook (https://bit.ly/2vgvA60).


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Improving digital access offers greatest private-sector investment opportunity in achieving the SDGs in Africa, says Standard Chartered

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