The Bank of Tanzania (BOT) has become a sovereign shareholder in the Africa Finance Corporation (AFC), Africa’s leading infrastructure solutions provider, following an equity investment.
The move strengthens AFC’s diversified capital base and broadens its pan-African ownership structure, reflecting increasing confidence among African central banks and governments in the institution’s ability to mobilize long-term capital for critical infrastructure and industrial projects across the continent.
AFC highlighted that BOT’s participation aligns with its strategy to deepen sovereign institutional involvement, reinforcing its role as a trusted partner for governments pursuing infrastructure-led economic transformation, energy transition, logistics connectivity, and value-added manufacturing.
The investment comes amid rising demand for development financing in African economies and follows AFC’s recent A (Positive Outlook) credit rating from S&P Global Ratings, which praised its robust capital structure, strong shareholder support, and proven delivery of high-impact projects.
In Tanzania, AFC continues to expand its footprint through sovereign financing facilities to the Ministry of Finance and Planning, as well as trade finance lines to local institutions to enhance liquidity, boost trade, and support private sector growth.
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Samaila Zubairu, President and CEO of Africa Finance Corporation, said: “We are honoured by this decision and value it as a strong vote of confidence in AFC’s mandate and track record. BOT’s commitment reinforces the strategic importance of African-led institutions that can mobilise long-term capital at scale for bankable infrastructure and industrialisation projects across the continent.”
He added: “The Bank of Tanzania’s investment further strengthens our sovereign shareholder base and reflects the growing recognition of AFC as a reliable partner in bridging Africa’s infrastructure gap and fostering sustainable development across the continent. We look forward to deepening our engagement in Tanzania and supporting priority sectors that drive industrial growth, regional integration, and long-term economic resilience.”
H.E. Emmanuel Tutuba, Governor of the Bank of Tanzania, commented: “Africa Finance Corporation has demonstrated a strong track record in mobilising long-term capital for infrastructure and industrial development across the continent. Our investment reflects confidence in AFC’s model and aligns with Tanzania’s priorities to strengthen economic resilience, support private sector growth, and advance sustainable development through strategic partnerships.”
