The Africa Finance Corporation (AFC) has announced a significant expansion of its sovereign shareholder base following an equity investment by the Bank of Tanzania (BOT).
This strategic move reinforces the Corporation’s pan-African ownership structure and underscores growing continental confidence in AFC’s capacity to mobilize long-term capital for critical infrastructure and industrial development.
The investment follows a period of robust institutional growth for the AFC, recently bolstered by an “A” credit rating with a Positive Outlook from S&P Global Ratings.
The inclusion of the Bank of Tanzania aligns with the AFC’s broader shareholder diversification strategy, which seeks to deepen the participation of African central banks and sovereign institutions.
This partnership positions the Corporation as a primary vehicle for governments looking to accelerate economic transformation through infrastructure-led growth, particularly in sectors such as energy transition, logistics, and value-added manufacturing.
In Tanzania, the AFC has maintained a consistent presence through sovereign financing and partnerships with local financial institutions. These engagements include budget support facilities for the Ministry of Finance and Planning, as well as trade finance lines designed to bolster liquidity and facilitate private sector activity.
The new equity stake by the BOT is expected to solidify this partnership, focusing on national development priorities and long-term economic stability.
Samaila Zubairu, President and CEO of the Africa Finance Corporation, described the investment as a strong vote of confidence in the Corporation’s mandate.
He noted that the commitment from the BOT reinforces the importance of African-led institutions in bridging the continent’s infrastructure gap.
LSimilarly, H.E. Emmanuel Tutuba, Governor of the Bank of Tanzania, emphasized that the investment aligns with Tanzania’s strategic goals to enhance economic resilience and support private sector growth through reliable international partnerships.
By expanding its capital base through such sovereign investments, the AFC continues to strengthen its ability to direct global and domestic capital into high-impact, bankable projects.
This latest development further enhances Africa’s competitiveness in global value chains and supports the sustainable industrialization goals of the East African region.