work
African Finance Corporation (AFC), the continent’s largest infrastructure solutions provider, has announced that the Bank of Tanzania (BOT) has made an equity investment in the corporation, becoming a sovereign shareholder, further strengthening AFC’s diversified capital base and pan-African ownership structure.
This investment reflects sovereign confidence in the AFC’s mission to mobilize long-term financing for critical infrastructure and industrial development projects across Africa. It also reinforces AFC’s strong position as a company following its recent A (Positive Outlook) credit rating by S&P Global Ratings, highlighting AFC’s strong capital structure, strong shareholder support and consistent track record of delivering transformational projects across the continent.
The addition of Bank of Tanzania further strengthens AFC’s shareholder diversification strategy, deepens the participation of Africa’s sovereign institutions and central banks, and strengthens the Corporation’s role as a trusted partner for governments seeking to accelerate economic transformation through infrastructure-led growth.
The investment comes amid growing demand for development finance to support African economies in industrialization, energy transition, logistics connectivity and value-added manufacturing. AFC’s model, built on strong sovereign support and access to global capital markets, continues to position the Corporation as a key channel for channeling capital into high-impact, bankable projects across Africa.
In Tanzania, AFC remains committed to expanding support through government financing and partnerships with financial institutions that support national development priorities. These include a government budget support facility to the Ministry of Finance and Planning and trade finance facilities to local financial institutions to enhance liquidity, facilitate trade and support private sector activity. These investments will solidify AFC’s ongoing partnership with Tanzania to promote economic stability and enable long-term infrastructure and industrial development.
Commenting on the equity investment, Samaira Zubair, President and CEO of Africa Finance Corporation, said: “We are honored by this decision and see it as a strong vote of confidence in AFC’s mission and track record. BOT’s commitment reinforces the strategic importance of African-led institutions that can mobilize long-term capital at scale for bankable infrastructure and industrialization projects across the continent.”
“Bank of Tanzania’s investment further strengthens our sovereign shareholder base and reflects AFC’s growing recognition as a trusted partner in closing Africa’s infrastructure gap and promoting sustainable development across the continent. We look forward to deepening our engagement with Tanzania and supporting priority areas that drive industrial growth, regional integration and long-term economic resilience,” he added.
Emmanuel Tutuba, Governor of the Bank of Tanzania, said: “African Finance Corporation has demonstrated a strong track record of mobilizing long-term finance for infrastructure and industrial development across the continent. Our investment reflects confidence in the AFC model and is consistent with Tanzania’s priorities of strengthening economic resilience, supporting private sector growth and advancing sustainable development through strategic partnerships.”
Through its growing shareholder base and strong sovereign partnerships, AFC continues to advance its strategy to mobilize domestic and international capital for Africa’s most critical infrastructure assets, support sustainable economic growth, and strengthen the continent’s competitiveness in global value chains.
Distributed by APO Group on behalf of African Finance Corporation (AFC).
A.I.
March 18, 2026
Tags: African Finance Corporation Samaira Zubair
post navigation
