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ADFI Structure

ADFI STRUCTURE

ADFI is structured as a blended finance vehicle composed of a multi-donor special fund with a target envelope of USD 100 million and resourced with donor’s grant money and debt funding of up to USD 300 million from the African Development Bank. ADFI currently has committed funding of USD forty (40) million from three (3) initial donors namely; The Bill and Melinda Gates Foundation (BMGF), The Government of Luxembourg and the Agence Française de Développement. The special fund has an investment horizon of 10 years.  

SUMMARY OF ADFI KEY FEATURES

Target Fund Size

USD$ 100 Million

Inception Date

01.01.2019

Fund Investment Period

10 year

Special Fund Investment Final Term

15 years

Special Fund Instruments:

Grants and loans (75:25 split)

Special Fund Minimum Grant Amount

USD$ 50,000

Special Fund Maximum Grant Amount

National: USD$ 2.5 Million  Regional: USD$ 5.0 Million

Special Fund Minimum Loan Amount

Overall: USD$ 1 Million

Special Fund Maximum Loan Amount

National: USD$ 2.5 Million  Regional: USD$ 5.0 Million

Special Fund Loan Maximum Tenor:

National: 3 years  Regional: 5 years

Eligibility

  • Grants: Sovereign and Non-Sovereign entities
  • Loans: Non-Sovereign entities
  • AfDB Regional Member Countries (RMCs) thresholds apply for loans under the Special Fund

Target Areas of Intervention

  • Diagnostics; regulatory reforms; digital payment systems; digital identification; interoperability (national and regional); e-government; product innovation; capacity building.

Eligible Beneficiaries

  • Financial institutions (bank and non-bank); emoney issuers, FinTechs, regulatory bodies, government ministries, regional economic entities

Minimum Commitment by Donor

  • USD 2 Million

Type of Technical Assistance origination/implementation

(knowledge, Analytics, Dialogue or co-financing/blending)

  • Capacity building, project support, policy support, project implementation.