Agence Française de Développement Commits Additional $3.3 Million to Africa Digital Financial Inclusion Facility to Boost Digital Financial Inclusion

The Agence française de développement (AFD) has committed an additional €3 million ($3.3 million) to the African Development Bank-managed Africa Digital Financial Inclusion Facility (ADFI) to accelerate financial inclusion in Africa. The increase brings AFD’s total funding to over €5 million. The resources will support the ADFI partnership in catalyzing digital financial solutions across Africa by expanding investment in scalable and replicable initiatives that enable access to credit and other financial services that support investment and entrepreneurship among underserved communities. 

The African Development Bank and AFD co-founded ADFI in 2019 with the Gates Foundation and the Ministry of Finance of the Government of Luxembourg. France’s Ministry for the Economy, Finance and Industrial and Digital Sovereignty, the Women's Enterprise Finance Initiative (We-Fi), and India’s Ministry of Finance joined in 2020, 2022 and 2023 respectively.