Launched in 2019, the Africa Digital Financial Inclusion Facility (ADFI) works to address the systemic barriers to the growth, uptake and use of digital financial solutions, especially by women, micro and small businesses, by making strategic and catalytic investments in the DFS ecosystem throughout Africa
ADFI is a blended finance vehicle composed of a multi-donor trust fund in partnership with the African Development Bank (AfDB); Agence française de développement (AFD); the Bill and Melinda Gates Foundation (BMGF); the French Treasury at the Ministry of Economics, Finance and Industrial and Digital Sovereignty; the Ministry of Finance, India; the Ministry of Finance, the Government of Luxembourg; and the Women Entrepreneurs Finance Initiative (We-Fi). ADFI is housed and managed by the African Development Bank.
We intervene along three broad strategic pillars aimed at scaling innovative digital financial solutions and increasing integration throughout the continent. Capacity building and gender inclusion cut across all the interventions that we support.
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ADFI deploys loans and grants to scale up digital financial solutions among both public and private entities, including bank and non-bank financial service providers; government ministries, departments and agencies; regional economic communities and coordination bodies; mobile network operators; remittance and payment service providers and fintech companies.
Structured as a blended finance facility, ADFI comprises a multi-donor special fund with a target envelope of USD 100 million and USD 300 million of debt-funding from the AfDB.