Africa Digital Financial Inclusion Facility (ADFI)
Africa Digital Financial Inclusion Facility (ADFI) is a new innovative financing vehicle designed to accelerate digital financial inclusion across Africa, with a goal of ensuring 332 million more Africans, of which, 60% are women, have access to the formal economy.
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 Agence Française de Développement. Read More
How ADFI will work
ADFI will intervene along four key pillars aimed at scaling innovative digital financial inclusion and increased integration throughout the continent. This will include infrastructure, including payment systems development and payment systems interoperability; digital products and innovation; policy and regulatory reform and harmonisation; and capacity building.