Jersey’s Strategic Role in Africa’s Financial Growth and Innovation

Ian Gorst, Minister For External Relations, Assistant Minister For Treasury And Resources
Jersey has played a pivotal role in facilitating foreign direct investment (FDI) into Africa,
particularly in countries like Kenya, South Africa, Uganda, and Zambia. Jersey has facilitated impactful investments such as Brighter Life Kenya, distributing solar plug-in panels for homes through multi-million-dollar financing advised by global and Jersey-based law firms. Additionally, Standard Bank established a foundation in Jersey to support the African Women’s Impact Fund Initiative, aiming to raise $1 billion to empower female fund managers.
Jersey supports cross-border banking through African institutions based in its jurisdiction and is negotiating agreements with several African nations, including Rwanda, Ghana, and Nigeria.
Jersey is also focused on
regulatory improvements to tackle challenges such as
transparency, anti-money laundering, and cybercrime.
Through international cooperation and capacity-building efforts, such as partnerships with the Toronto Centre and Jersey Finance, the island provides training and support for financial institutions in Africa.
In sustainable finance, Jersey aims to align with African partners’ national net-zero and sustainability strategies and has strengthened its strategy by working with Rwanda Finance and other partners.
Fintech growth and financial inclusion remain key areas of interest.
Jersey’s Overseas Aid Commission supports initiatives such as
capacity-building with the Toronto Centre, Financial Inclusion for Women in Freetown, and the Women and Girls First in Finance program in Sierra Leone.
Notably, Jersey’s approach is collaborative, not prescriptive, emphasizing the importance of tailoring support to each country’s unique context and needs.
The full report on Jersey will appear in Global Investor 2025