The Africa Finance Corporation (AFC) has announced a significant milestone in its growth strategy, welcoming the Bank of Tanzania (BOT) as a new sovereign equity shareholder. The move strengthens AFC’s capital base while reinforcing its pan-African ownership structure and long-term development mandate.
The investment underscores rising confidence among African sovereign institutions in AFC’s ability to mobilise long-term capital for critical infrastructure and industrial development projects across the continent.
It also comes on the heels of AFC securing an “A” rating with a Positive Outlook from S&P Global Ratings, reflecting its strong financial position, consistent project delivery, and robust shareholder backing.
By bringing the Bank of Tanzania into its shareholder network, AFC advances its strategy to deepen participation from African central banks and sovereign entities.
This diversification enhances the Corporation’s credibility as a trusted partner for governments seeking to accelerate economic transformation through infrastructure-led growth.
The timing of the investment aligns with increasing demand across Africa for development capital to support industrialisation, energy transition, logistics infrastructure, and value-added manufacturing.
AFC’s model—anchored in sovereign partnerships and access to global capital markets—positions it as a vital conduit for channeling funding into high-impact, bankable projects.
In Tanzania, AFC has already been actively supporting national development priorities. Its initiatives include sovereign financing arrangements with the government and trade finance facilities for local financial institutions.
These efforts aim to strengthen liquidity, facilitate trade, and stimulate private sector activity, contributing to long-term economic resilience.
Speaking on the development, AFC President and CEO Samaila Zubairu described the investment as a strong endorsement of the Corporation’s mandate and performance.
He emphasized that BOT’s participation highlights the growing importance of African-led financial institutions in addressing the continent’s infrastructure gap and fostering sustainable development.
Similarly, BOT Governor Emmanuel Tutuba noted that the decision reflects Tanzania’s confidence in AFC’s track record and aligns with national priorities to strengthen economic resilience, promote private sector growth, and advance sustainable development through strategic partnerships.
Established in 2007, AFC has built a reputation as a leading infrastructure solutions provider in Africa. With 48 member countries and investments exceeding $19 billion across 36 nations, the Corporation continues to play a central role in developing essential infrastructure in sectors such as energy, transport, telecommunications, and heavy industry.
As AFC expands its shareholder base and strengthens sovereign partnerships, it remains focused on mobilising both domestic and international capital to drive sustainable economic growth and enhance Africa’s competitiveness in global value chains.
