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Overview
| Donor: | Africa Digital Financial Inclusion Facility (ADFI) |
| Application procedure: | Online Application |
| Donor base: | Ivory Coast |
| Reference number: | - |
| Eligible applicants: | Non-Profit Organisation, Social Business |
| Deadline: | 31.03.2023 |
Financial details
| Grant size: | Large - more than $1,000,000 |
| Minimum grant size: | - |
| Total available budget: | - |
| Funding type: | Grants, Loans |
| Maximum grant size: | - |
| Funding ratio: | up to 100% |
Sectors
- Research, Technology & Innovation
Project Locations
Africa
Algeria, Angola, Benin, Botswana, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Comoros, Democratic Republic of the Congo, Djibouti, Egypt, Equatorial Guinea, Eritrea, Eswatini, Ethiopia, Gabon, Gambia, Ghana, Guinea, Guinea Bissau, Ivory Coast, Kenya, Lesotho, Liberia, Libya, Madagascar, Malawi, Mali, Mauritania, Mauritius, Morocco, Mozambique, Namibia, Niger, Nigeria, Republic of the Congo, Rwanda, Sao Tome and Principe, Senegal, Seychelles, Sierra Leone, Somalia, South Africa, South Sudan, Sudan, Tanzania, Togo, Tunisia, Uganda, Western Sahara, Zambia, Zimbabwe
Description
1) Objective
- Pillar 1: Digital financial infrastructure
- Country level – Technical assistance on interoperability of payment systems, agent networks and merchant acceptance networks; digital registries and alternative credit scoring, increased mobile network coverage, affordable data and digital devices.
- Regional level – Technical assistance on interoperability of payment systems, interoperable payment distribution networks, and e-commerce platforms.
- Pillar 2: Digital Financial Policy & regulation
- Country level – Sandboxing/Fintech innovations of policies or testing new digital products and business models; Interoperability regulatory frameworks; and consumer protection, e.g., data privacy, recourse mechanisms, cybersecurity.
- Regional level – DFS policies and regulations for cross-border remittances; consumer protection, e.g., data privacy, recourse mechanisms, cybersecurity; Sandbox policies and testing of new products and business models and e-KYC.
- Pillar 3: Digital Financial Products & innovation
- Country level – Digitization of government payments and social transfers; and digitization of agriculture value chains and MSMEs.
- Regional level – DFS products that have the potential for scale in more than one country, address the needs of the base of the pyramid and touch key sectors such as MSME and agriculture.
2) Eligibility
Country level – Government ministries, Central Banks, regulatory authorities, bank and non-bank financial institutions, mobile money operators and payment switch companies.
Regional level – Regional economic communities, regional coordination bodies, regional private sector institutions, international agencies with operations in Africa, inter-governmental organizations, and private sector organizations such as bank and non-bank digital financial service providers with regional coverage.
3) Location
Actions must take place in Africa. The Call for Proposals is aligned with ADFI’s pillars of intervention and has the following two components: Lot 1 targeting the following countries: Algeria, Angola, Cameroon, Democratic Republic of Congo (DRC), Egypt, Guinea, Morocco, Nigeria and Tanzania; Lot 2 targeting regional initiatives.
4) Budget
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
5) Application
Deadline for Submission is 31st March 2023.