Apply for ADFI’s Digital Financial Inclusion Projects in Africa
Mar 11, 2023
Enrich Africa
3 minute(s) Read
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As part of its 2023 work program, ADFI is launching a second Call for Proposals to select viable and scalable DFS initiatives to foster increased access, quality, and usage of digital financial services for sustainable inclusion amongst the most vulnerable, including women, youth and MSMEs.

The Call for Proposal evaluation will culminate in the shortlisting of approximately seven (7) to eleven (11) projects.


  • Only calls from Algeria, Angola, Cameroon, the Democratic Republic of the Congo, Egypt, Guinea, Morocco, Nigeria, and Tanzania would be accepted
  • Eligible entities include central banks, government ministries, departments and agencies; international agencies; bank and non-bank financial service providers; regional economic communities, regional coordination bodies, and private sector institutions with regional operations.

Funding Allocation

  • Maximum size of grant funding under Lot 1 (country level): USD 1 million
  • Maximum for blended finance of grant and loan under Lot 1: USD 1.5 million
  • Maximum size of grant under Lot 2 (regional level): USD 1.5 million
  • Minimum size of loan under Lot 1 and Lot 2: USD 1 million

Project Duration

  • Country-level projects: two to three years
  • Regional-level projects: three to four years

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Criteria for Funding

  • Proposals must be submitted by entities registered in the African Development Bank’s regional and non-regional member states. Ideally, project recipients and sponsors should be African-based or demonstrate evidence of partnership with African-based entities for the proposed investments.
  • Applications from consortia, partnerships, or joint ventures are eligible, with the primary/lead being an African-based institution. The proposal should specify the lead partner/applicant who will be acting on behalf of the other companies, as well as the role of each party and proof of the partnership agreement.
  • Applicants from the private sector must provide proof of legal registration and be in existence for at least five years with at least three years of effective operations[ At the discretion of ADFI’s Governing Council and where necessary the Bank’s Board of Directors, consideration for funding may be given to new innovative solutions submitted by entities or established special purpose vehicles that have been in existence for less than five years with a clear demonstration for scale and impact.]
  • Loan applicants must demonstrate profitability and positive cash flows over the last three years and provide three-year audited accounts.
  • Public sector projects should strive to be consistent with national and/or regional priorities to maximize the likelihood of buy-in and support from the authorities.
  • To the extent possible, projects should not duplicate other projects already underway through other vehicles unless a clear business case demonstrating additionality is established.

How to Apply

The deadline for ADFI application is Friday, March 31, 2023. Check here to apply.

Mar 11, 2023
Enrich Africa
3 minute(s) Read
ADFI Digital Financial Inclusion Projects

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