African Financial Inclusion Policy Initiative (AfPI)
AfPI is the primary platform for AFI’s African members to support and develop financial inclusion policy and regulatory frameworks in Africa, and to coordinate regional peer learning efforts.
During May 2017 in Maputo, Mozambique, the leaders of AFI member institutions in Africa unveiled the African Financial Inclusion Policy Initiative (AfPI) a successor of the African Mobile Phone Financial Services Policy Initiative (AMPI) that was launched during February 2013 in Zanzibar, Tanzania.
The renewal of this regional platform for sharing practical solutions and coordinating peer learning on financial inclusion policies is in response to the expanding focus of financial inclusion policy in African countries, moving beyond mobile phone financial services. At the launch of AMPI, the primary policy focus was to build a foundation for the unbanked and underbanked to make financial services easily accessible — creating an enabling regulatory environment for scaling-up mobile phone financial services.
The scope of AfPI is broader including policy solutions for small and medium enterprise (SME) finance, agriculture finance, women’s financial inclusion that have greater potential of deepening financial inclusion in Africa.
AfPI will continue to leverage on the success of AMPI using emerging technologies as the infrastructure for access and usage of financial services. AfPI will also promote the use of other technological solutions that empower regulators to effectively manage risks through market conduct and supervision.
AfPI activities are supported by the AFI Management Unit through a governance structure that comprises of a Leaders Roundtable and an Expert Group on financial inclusion policy. The Leaders Roundtable is responsible for strategic guidance and, oversight and monitoring of AfPI workplans focused on addressing regional financial inclusion challenges. The Expert Group on financial inclusion policy is responsible for identifying key policy issues and implementing workplans.