Ouagadougou: The National Agency for the Promotion of Inclusive Finance (ANPFI) in Burkina Faso has successfully exceeded its initial financial inclusion target, achieving a 79% inclusion rate ahead of its 2025 objective.
According to Burkina Information Agency, ANPFI’s Director General, Wango Fidele Yameogo, shared insights into the agency’s strategy and future plans during an interview conducted in Ouagadougou.
The ANPFI, established by the Burkinabe government, plays a key role in coordinating financial inclusion initiatives and providing consumer protection. Since January 2025, it has integrated the former National Fund for Inclusive Finance and other entities to enhance its services. The agency’s primary aim is to offer affordable financial services to all Burkinabe people, with a focus on banking, microfinance, and electronic money services.
The agency has already surpassed its 2025 target of a 75% financial inclusion rate, currently standing at 79%, and is now preparing for a second phase targeting an 85% inclusion rate by 2030. A critical component of ANPFI’s success is its emphasis on mobile banking, which has significantly expanded financial access in previously underserved areas. By providing nearly 20 billion in financial resources to microfinance institutions over three years, the agency has bolstered its mission to combat poverty.
The ANPFI prioritizes vulnerable populations, including internally displaced persons (IDPs) and women, through initiatives like Lafia. The agency has developed mechanisms to measure the impact of its efforts, ensuring that financial resources reach those in need. Beneficiaries have increased to over 24,000, attributed to partnerships with microfinance institutions and government support.
Despite progress, ANPFI faces challenges in achieving its new 85% target, including the need to innovate and extend its reach to more rural and vulnerable populations. The agency continues to focus on consumer protection, financial education, and adapting products to rural needs.
Digital technology is seen as a complementary tool in ANPFI’s strategy, enhancing financial inclusion through mobile payments and electronic money services. The agency aims to bridge the gap between mobile account holders and formal financial institutions, promoting greater financial participation.
ANPFI’s future ambitions align with national goals set by Burkina Faso’s leadership, emphasizing the importance of financial inclusion in national development. The agency remains committed to supporting young people and vulnerable groups, ensuring that financial services contribute to the broader socio-economic stability of the country.