Financial inclusion has been acclaimed to play a significant role in combating the three evils of poverty, unemployment and poverty, which have been a serious hindrance to the growth path of developing countries like Africa. It was against this that, this paper examined the drivers of financial inclusion in the top ten African economies in terms of gross domestic product growth rate. These include Angola, Algeria, Egypt, Kenya, Libya, Nigeria, Morocco, South Africa, Sudan and Tunisia. Covering a period of 2000 to 2015, using System generalized method of moment, which is considered superior to other panel data models due to its ability to address the problem of omission bias, endogeneity and autocorrelation. The data were obtained from World Development Indicators and Worldwide Governance Indicators which are being considered the most efficient sources of data, especially in developing countries. The study reveal that mobile banking, bank branches, political stability, interest rate, and inflation positively drive financial inclusion while income, access to Automated Teller Machine, and government expenditure have the negative impact on financial inclusion. On the bases of the above findings, it was concluded that mobile banking, bank branches, political stability, interest and inflation rate are the major determinants of financial inclusion in Africa. Based on the conclusion, the study recommends that appropriate financial sector policies and measures should be designed by the stakeholders in the financial system in form of low monetary policy rate to encourage access to financial services by all segment of the society. In addition to strict legislation, the can stop banks exploiting their customers through unnecessary bank charges and ensure the penetration of financial institutions into the rural areas. Fiscal and monetary policies should target an increase in the welfare of the masses especially the low-income earners in the society who are mostly excluded in Africa.
