Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, has welcomed the Bank of Tanzania (BOT) as a new sovereign shareholder, a move that strengthens AFC’s diversified capital base and underscores growing African confidence in its mission.
The equity investment by BOT highlights trust in AFC’s mandate to mobilise long-term capital for critical infrastructure and industrial projects across Africa. The development comes shortly after AFC secured an A (Positive Outlook) rating from S&P Global Ratings, which praised the corporation’s solid capital structure, strong shareholder support, and consistent delivery of transformative projects across the continent.
“This investment is a strong vote of confidence in AFC’s track record and mandate,” said Samaila Zubairu, President and CEO of Africa Finance Corporation. “The Bank of Tanzania’s support further strengthens our sovereign shareholder base and reflects recognition of AFC as a reliable partner in bridging Africa’s infrastructure gap. We look forward to deepening our engagement in Tanzania, supporting sectors that drive industrial growth, regional integration, and economic resilience.”
The Bank of Tanzania’s decision reflects a growing trend of African sovereign institutions and central banks actively participating in development finance. H.E. Emmanuel Tutuba, Governor of the Bank of Tanzania, noted: “AFC has demonstrated a strong track record in mobilising long-term capital for infrastructure and industrial development. Our investment aligns with Tanzania’s priorities to strengthen economic resilience, support private sector growth, and advance sustainable development through strategic partnerships.”
AFC’s presence in Tanzania includes sovereign financing, budget support facilities to the Ministry of Finance and Planning, and trade finance lines to local financial institutions. These initiatives aim to enhance liquidity, facilitate trade, and support private sector growth while contributing to the country’s long-term infrastructure and industrial development goals.
Founded in 2007, AFC has invested over US$19 billion across 36 African countries and counts 48 member states. The corporation has built a reputation as a key partner for delivering high-quality infrastructure in energy, transport, heavy industry, natural resources, and telecommunications, backed by a robust mix of domestic and international capital.
As Africa faces rising demand for development capital to support industrialisation, energy transition, and regional connectivity, AFC’s expanding sovereign partnerships position it as a vital channel for funding bankable, high-impact projects across the continent.