18/02/2026
𝐀𝐀𝐃𝐅𝐈 𝐂𝐡𝐚𝐦𝐩𝐢𝐨𝐧𝐬 𝐭𝐡𝐞 𝐕𝐨𝐢𝐜𝐞 𝐨𝐟 𝐀𝐟𝐫𝐢𝐜𝐚𝐧 𝐍𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐃𝐅𝐈𝐬 𝐢𝐧 𝐇𝐢𝐠𝐡-𝐋𝐞𝐯𝐞𝐥 𝐂𝐨𝐧𝐬𝐮𝐥𝐭𝐚𝐭𝐢𝐨𝐧𝐬 𝐰𝐢𝐭𝐡 𝐭𝐡𝐞 𝐀𝐟𝐃𝐁 𝐏𝐫𝐞𝐬𝐢𝐝𝐞𝐧𝐭 𝐨𝐧 𝐭𝐡𝐞 𝐍𝐞𝐰 𝐀𝐟𝐫𝐢𝐜𝐚𝐧 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐀𝐫𝐜𝐡𝐢𝐭𝐞𝐜𝐭𝐮𝐫𝐞 (𝐍𝐀𝐅𝐀)
The Association of African Development Finance Institutions (AADFI), led by its Chairperson, Dr. Patricia Ojangole, Managing Director of Uganda Development Bank, presented AADFI’s position on the New African Financial Architecture (NAFA) initiative at a high-level consultation with Dr. Sidi Ould Tah, President of the African Development Bank (AfDB), at the Bank's headquarters in Abidjan, Côte d'Ivoire, on February 17, 2026.
The consultation brought together Chief Executive Officers of national Development Finance Institutions (DFIs) across Africa for inclusive engagement to co-create a new African financial ecosystem focused on mobilizing resources at scale, restructuring the financial system, transforming African demography, and supporting resilient infrastructure. The NAFA initiative aims to bring all players in the financial ecosystem together in a subsidiarity, complementarity, and cooperation arrangement to accelerate development financing for impact.
Speaking on behalf of AADFI and its member institutions, the Chairperson presented the Association’s strategic positioning within the NAFA framework, including AADFI’s involvement in NAFA's governance arrangements and its formal role in standard-setting, supervision, and implementation. Other proposed solutions to enhance NAFA include enhanced domestic resource mobilization, more effective capital deployment through strengthened DFIs, and support for the establishment of an African credit rating agency, including the AADFI Prudential Standards, Guidelines, and Rating System (PSGRS), to advance Africa’s financial sovereignty.
The AfDB President reaffirmed that the inputs and recommendations from AADFI and its member institutions would be considered in the final design and operationalization of NAFA.
The consultation was widely regarded as a constructive, forward-looking engagement with the AfDB, reinforcing collaboration among African financial institutions and further positioning AADFI as a key partner in shaping a resilient, integrated, and development-oriented African financial architecture.