MCC in Africa Overview: Investments, Programs & Risks
Snapshot of Millennium Challenge Corporation's (MCC) initiatives in Africa, highlighting total investments, active compacts, key risks, and country-specific program details. Explore opportunities, challenges, and regional impact in African countries benefiting from MCC's efforts.
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Presentation Transcript
MCC in Africa OCTOBER 19, 2022
Agenda I. II. III. Opportunities IV. Q&A Overview of MCC s Programs Globally MCC s Africa Footprint Overview & Deep Dive
MCC Compacts in Africa Total Program Investment in Africa in the history of MCC ~$9.5 billion Millennium Challenge Corporation Investments in Africa DCO Africa Programs Total Compacts in Implementation $2.5 Billion Compact Closed Compact in Development Total Compacts in Development (estimated) $2 Billion Compact in Implementation 4
Africa region snapshot Approximately 74% of MCC s investments in Africa About $2.5 billion active compacts and thresholds + $2.1 billion pipeline Actively working in 14 African countries (compact (11) + threshold (3)) Regional concurrent compact authority
Key Portfolio Risks Mitigation Risks Compact extensions, geospatial, virtual missions/negotiations, consultant travel Covid-19 delays and uncertainties Delay procurements, revisit CPs, funding reallocation, descoping, price contingencies Economic crisis Project locations, PMCs, price contingencies, inter-agency collaboration Security 6
Africa Compacts Summary (Implementation) Morocco $450 million education and land (secondary education, TVET and land access); closes 2023 Benin II $375 million energy compact (transmission, distribution and solar power generation); closes 2023 Niger $437 million irrigation and agriculture; closes 2023 Cote d Ivoire $525 million skills and transportation compact (secondary education, TVET centers, and road rehabilitation); closes 2024 Senegal $550 million energy compact (energy sector reform, transmission upgrades & rural access); closes 2026
Africa Compacts Summary (Pre-EIF) Lesotho II $300 million in irrigated horticulture and health systems strengthening Malawi II $350 million in rural transport, land productivity Benin-Niger Regional Transport $500 million Benin/Niger road transport corridor; 8
Africa Compacts Summary (Development) C te d Ivoire Regional Energy TBD in energy project Sierra Leone TBD in energy generation, transmission and distribution Tunisia $498.7m in port infrastructure/reforms, water sector infrastructure and reforms Zambia II TBD selected by MCC Board in December 2021; binding constraints include agriculture, transport and energy Mozambique II TBD in agriculture and rural transport 9
Africa Threshold Summary (Implementation and Development) Implementation Development Togo $35 million in information and communications technology (ICT) and land tenure; closes in 2024 Kenya $60 million urban transportation and land use planning Gambia $25 million in energy sector governance and operations; closes in 2026
Snapshot of Africa Portfolio by Sector Current Active Portfolio1 ($2.6 bn total) Cumulative Portfolio2 ($9.3 bn total) Governance & Land $10,394,078 Water Supply & Sanitation $754,225,983 Health, Education & Comm Servs $383,478,255 Communication $1,386,289 Sector Not Specified $537,911,457 Agriculture $1,473,351,886 Energy $823,659,934 Program Administration & Monitoring $437,338,533 Transport (Road, Water & Air) $2,109,083,944 Energy $1,770,223,095 Health, Education & Comm Servs $736,342,774 Agriculture $243,874,906 Sector Not Specified $217,157,465 Financial Services $116,993,927 Program Administration & Monitoring $1,107,922,447 Communication $1,386,289 Land Governance & Land $273,816,990 Transport (Road, Water & Air) $429,172,214 $161,285,727 1. Figures reflect Africa s existing and projected (estimated) commitments, for current in implementation; 2 Figures reflect cumulative commitments and expenditures for Africa compacts to date. They include all closed compacts and current compacts in implementation but exclude current compacts in development. Data from IATI FY22Q3 via DCO/FO. 11 CONFIDENTIAL - MCC USE ONLY
Opportunities Africa as trade and investment partner Prosper Africa 2.0 Collaboration w/ DFC, Africa 50, IFC, etc. Regional integration AfCFTA, regional compacts, AU, RECs Climate Change Strengthening institutions and policies Climate-resilient infrastructure Green energy 12
