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ADFI's Objective

ADFI’s objective is to address the systemic barriers to DFS growth and uptake by making strategic and catalytic investments in the DFS ecosystem throughout Africa. It is 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.

Who we are

57%

Although significant progress has been made in Africa, approximately 57% of the adult population have no access to a formal account.

20%

Africa is the world leader in adoption of mobile money with 20% of the continent’s adult population having access to a mobile money account.

100M

ADFI is structured as a blended finance vehicle composed of a multi-donor special fund with a target envelope of USD 100 million

+300M

ADFI has be resourced with grant money from donors and debt funding of up to USD 300 million from the ordinary capital reosurces of the African Development Bank

10

The multi-donor special fund has an investment horizon of 10 years.

Africa Digital Financial Inclusion Facility (ADFI) is a 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 Background

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Focus area:
Infrastructure
Topic:
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Press & News announcements

Stay updated with latest news from ADFI

  • Wed, Dec 04
    $100mn ADFI fund to advance financial inclusion projects in Africa
    Read more
  • Wed, Dec 04
    African Development Bank creates fintech fund to boost financial inclusion
    Read more
  • Wed, Dec 04
    Bill Gates Foundation backs digital finance initiative in Africa
    Read more
  • Wed, Dec 04
    New AfDB fund to help grow electronic financial services for low-income communities
    Read more
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