This study investigates the effect of financial inclusion, and financial stability, on economic growth in 30 African countries over the period between 2004 and 2020. Data were analyzed using panel ARDL model. The results of panel ARDL estimation indicate a significant positive effect of financial inclusion on long-run economic growth. However, the effect is insignificant in the short run. The study also found that the effects of financial inclusion on economic growth vary across different income levels. Specifically, there is a positive association in low income, a negative association in lower-middle-income, and a positive but insignificant effect in upper-middle-income countries. On the other hand, the effect of financial stability (bank Z-score) on economic growth is negative in the long run and positive in the short run. The effect is negative for low-income, positive for lower-middle-income, and negative but insignificant for upper-middle-income countries. Thus, the study findings suggest financial inclusion and financial stability policies should be tailored to the country's income level in African countries.