What does AFIM mean in AFRICAN

AFIM stands for the Africa Facility for Inclusive Markets. This is a non-profit initiative created by the Federal Ministry of Economic Cooperation and Development (BMZ) to empower African citizens and businesses through the establishment of a modern, market-driven economic system.

AFIM seeks to increase economic opportunities, create jobs, reduce inequality, and fight poverty throughout Sub-Saharan Africa. This includes providing access to financial services, developing sustainable businesses models that target unmet customer needs and supporting innovative growth financing solutions.

The Facility is hosted in Germany by KfW Development Bank with technical implementation provided by GIZ — Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH (GIZ), and operates under German law as a public company limited by guarantee. The management board consists of three members from BMZ and two from KfW.

There are many ways you can participate in facilitating inclusive markets in Sub-Saharan Africa such as volunteering on projects or applying for open positions at organizations engaged in such initiatives; Investing in profitable ventures that promote wealth creation among local communities; Supporting African small business owners through provision of seed capital or mentorship programs; Or advocating financially responsible policies that foster an enabling environment for all participants in inclusive markets activities.

By creating new jobs, improving financial literacy among Africans, increasing access to finance and fostering business cooperation between countries within the region—AFIM has had a positive impact on African economies since its launch in 2016. As more Africans become employed and empowered they can better contribute to their communities elevating standards of living across Sub-Saharan Africa.