Improving economic opportunities for all

Improving economic opportunities for all

We prioritise our investments to create better job opportunities and improve livelihoods for low-income people. We aim to supply goods and services that meet their needs.

When evaluating investments, we take into account the proportion of workers, suppliers and customers that we categorise as living on low incomes. Our investments reach large numbers of people living on low incomes by supplying them with basic goods and services, such as electricity and financial services, as well as improving livelihoods through direct employment or buying their products.

For example, our investment in MOPO, a UK-headquartered company, is expanding access to affordable, clean energy for low‑income households and small businesses. In 2025, MOPO reached 45,000 daily rentals and delivered more than one million rentals each month, while continuing to scale its network of agents and hubs across sub‑Saharan Africa. By the end of 2025, MOPO had 432 active hubs, up from 275 in 2024.

Supporting farmers and rural communities

One of the largest groups we reach is farmers, most of whom are smallholders in rural areas. This year, we are reporting an increase in the number of farmers our portfolio has reached, largely driven by improved data coverage following the rollout of a new data collection platform, enhancing our visibility of impact. The food and agriculture investments in our portfolio reached around 24.8 million farmers in 2025 – these include suppliers of crops, livestock and timber, and customers for inputs such as feedstock and seeds.

Examples in our portfolio include Zambeef, an integrated food business in Zambia that supports more than 100,000 small-scale farmers through its sourcing and out-grower networks, helping to strengthen productivity and incomes across the agricultural value chain. In 2025, we also invested in Babban Gona, a Nigerian agri-tech platform that provides smallholder farmers with access to finance, training and climate-smart inputs, supporting higher yields, more stable incomes and improved resilience to climate shocks.

The food and agriculture investments in our portfolio reached around
24.8m
farmers in 2025
Increasing climate resilience in Nigeria through agri-tech

Increasing climate resilience in Nigeria through agri-tech

Our investment is improving food security while improving the livelihoods of smallholder farmers

140,000

smallholder farmers will be supported through our investment

Investment name: Babban Gona
Location: Nigeria

Investment type: Kinetic Portfolio

Strengthening food security and sustainable livelihoods in Zambia

Strengthening food security and sustainable livelihoods in Zambia

Our partnership with Zambeef is supporting smallholder farmers, creating jobs and improving access to affordable food through a growing retail network

100k+

small-scale farmers and agents work with Zambeef

Investment name: Zambeef
Location: Zambia

Investment type: Growth Portfolio

Connecting overlooked communities with clean power

Connecting overlooked communities with clean power

Our investment is helping off-grid solar companies reach 34 million people in sub-Saharan Africa

26m

people reached by H2R Amplify will be first-time energy users

Investment name: H2R Amplify
Location: Africa

Investment type: Catalyst Portfolio

Growing resilient livelihoods in Ethiopia

Growing resilient livelihoods in Ethiopia

Our investment is helping smallholder farmers earn more from teff, while retaining export value inside the country

6.6m

teff-growing Ethiopian smallholder farmers

Investment name: Lovegrass Ethiopia
Location: Ethiopia

Investment type: Kinetic Portfolio