The African Development Bank (AfDB) backed by its partners, the Bill and Melinda Gates Foundation, the Agence Française de Développement, the Ministry of Finance of the Government of Luxembourg and the Ministry of the Economy and Finance of the Government of France, established the Africa Digital Financial Inclusion Facility (ADFI) to accelerate digital financial inclusion across Africa.
We intervene along four broad strategic pillars aimed at scaling innovative digital financial services and increasing integration throughout the continent. Gender inclusion cuts across all of the interventions that we support - we are committed to reducing Africa's existing gender gap in digital financial services.
ADFI deploys loans and grants to scale up DFS to various public and private entities, including banks, and non-bank financial institutions, mobile network operators, remittance and payment service providers, FinTech companies, government ministries regulatory bodies and regional economic organizations.
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.