African Financial Institutions Investment Platform - AFIIP

AFIIP is a joint initiative launched in 2018 by several prominent development finance institutions (DFIs), including the African Development Bank (AfDB) as the lead partner, the European Investment Bank (EIB), DEG (Germany), Proparco (France), and the Nordic Development Fund (NDF). Its primary mission is to catalyse the African financial sector by providing crucial capital (equity, quasi-equity, and debt financing) to financial institutions across the continent. By investing in banks, insurance companies, microfinance institutions, and other financial intermediaries, AFIIP aims to enhance their capacity, promote greater financial inclusion, and ultimately support sustainable economic growth and job creation in Africa. The platform acts as a co-investment facility, allowing member DFIs to pool resources and expertise for greater impact.