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ADFI 2022 Annual Report

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The 2022 Annual Report for the Africa Digital Financial Inclusion Facility documents the significant progress made over the year which includes visible progress from the project portfolio of 7 initiatives, approval of 3 new projects and the launch of a call for proposals for viable and scalable projects which demonstrate impact in reducing the barriers to digital financial solutions.

Working together with our donors and implementing partners, we have carried out a review of our Theory of Change to strengthen our mission to not only increase access but also quality usage of digital financial services across excluded and underserved individuals, with additional focus on greater inclusion for small and medium-sized businesses.  Our interventions build on the three pillars of digital infrastructure, strengthened policy frameworks and inclusive and innovative product development, mainstreaming capacity building and gender inclusion across all our work.

In April, we were delighted to receive confirmation of co-funding support of USD 15 million from the Women Entrepreneurs Finance Initiative (We-Fi), housed by the World Bank, for a programme to accelerate access to finance for women-owned small and medium sized enterprises in Cameroon, Egypt, Kenya, Mozambique and Nigeria leveraging technology and data.

Furthermore, in December, ADFI launched a Call for Proposals for regional and country level solutions to support our pillars across the continent, with particular focus on target countries of Algeria, Angola, Cameroon, the Democratic Republic of the Congo, Egypt, Guinea, Morocco, Nigeria and Tanzania.

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