The lack of a well-functioning financial system hinders economic development in the region. Efforts to improve the depth, stability, and efficiency of financial systems have not yielded the expected results due to structural challenges such as financial constraints, governance issues, and lack of quality institutions. The article investigates the relationship between credit management by NBFIs and the growth of the manufacturing sector in a group of African countries from 1972 to 2021. The study utilizes panel data from 30 African countries and employs dynamic common correlated effect techniques to examine the significance of NBFIs as a source of long-term funding for manufacturing growth. The study found that nonbank financial institution credit improves the manufacturing sector in the long run and short run, although insignificant in the short run. By exploring the role of NBFIs in driving manufacturing sector growth, this study provides valuable insights for policymakers and stakeholders in Africa. The findings can inform the formulation of effective strategies to enhance the contribution of NBFIs to economic development and promote sustainable growth in the region.