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Through digitalization, the reach of formal finance can be expanded to previously underserved territories and populations, thereby enhancing the capacity of financial infrastructures to increase monetary flows. This transformation is observable in developing countries, where various actors collaborate to integrate informal economic activities into financial circuits. This chapter focuses on the role of philanthrocapitalist actors in this process, specifically examining the efforts of the Mastercard Foundation to advance the digitalization of financial infrastructures around the African agribusiness sector. It studies the infrastructural transformation process by analyzing the Foundation’s practices in agriculture and digital finance through discourse and program analysis, as well as by examining its network of partnerships and donations using social network analysis. Discourse analysis reveals an underlying agenda to generate more wealth through inclusive growth, aspiring to establish a commercial agricultural sector fully supported by formal finance and digital technologies. Social network analysis indicates that actors involved in (re)building infrastructures and integrating resource flows into channels, whether through activating digital and financial literacy or constructing platforms leveraging massive data of African farmers, all share the characteristic of being anchored in the formal economy and finance sectors.
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