ADFC will be set up as an independent, non-AU continental finance institution, operating as a social enterprise and working together with other African and global finance, development, and diaspora institutions. The first phase of the ADFC implementation involves the initiation of an innovative finance scheme through the RemitAidô Remittance Match Funding mechanism. Working closely with partners, ADFC will develop, issue and manage Diaspora Bonds and Mutual Funds, to harness and channel diaspora savings and resources into socially responsible and impactful ventures, in priority sectors in Africa. ADFC profits and surpluses will be invested in a legacy Endowment Fund, and income earned from the Endowment Fund will be disbursed in the form of grants and soft loans to African development organisations and institutions, both in the diaspora and on the continent.