African Finance Corporation (AFC) (www.AfricaFC.org), the continent’s largest infrastructure solutions provider, today announced that the Republic of Equatorial Guinea has officially joined, becoming the Corporation’s 47th member state. This decision follows closely on the recent accession of the Central African Republic and marks an important step in the deepening of the AFC’s presence in Central Africa and Africa as a whole.
Equatorial Guinea, one of Africa’s most resource-rich countries, has outlined a long-term national vision focused on industrialization, economic diversification beyond hydrocarbons, and expansion of world-class transport, logistics, energy and digital infrastructure. The country’s Horizon 2035 strategy prioritizes investments that can accelerate value addition, drive regional integration, strengthen human capital and strengthen resilience to global market fluctuations.
AFC’s membership is directly aligned with these priorities. This will enable governments to leverage AFC’s technical expertise, project development capabilities and robust balance sheet to accelerate the delivery of high-impact infrastructure projects. AFC will work with public and private sector stakeholders to develop opportunities across key sectors such as renewable energy, logistics and transportation corridors, and natural resource benefits.
His Excellency Ivan Bakare Ebe Molina, Honorable Minister of Finance, Planning and Economic Development of the Republic of Equatorial Guinea, said: “Joining the African Finance Corporation represents an important milestone in our country’s national development journey. As we advance the goals of our Horizon 2035 strategy, Equatorial Guinea will diversify its economy, strengthen its infrastructure base and provide its people with sustainable opportunities. AFC’s proven track record, deep expertise and commitment to Africa-led development make it the ideal partner to deliver profitable projects that support long-term growth, and we look forward to working closely with the company to unlock the full potential of the economy.”
“We are pleased to welcome Equatorial Guinea as our 47th member state,” said Samaira Zubair, President and CEO of African Finance Corporation. “AFC stands ready to work closely with governments and key partners to develop a unique approach to project development, de-risking and financing to foster innovative projects.” In the private sector, we will work together on critical infrastructure projects that accelerate sustainable growth in Equatorial Guinea and the entire Central African region. ”
Equatorial Guinea’s accession will also strengthen the AFC’s ability to mobilize global capital in strategic sectors across Central Africa, strengthening the region’s integration into global trade routes and value chains. The country is currently partnering with the AFC to accelerate sustainable growth through infrastructure development, along with other Central African countries such as Angola, Burundi, Cameroon, Central African Republic, Chad, Democratic Republic of the Congo, Gabon, Rwanda, and Sao Tome and Principe.
As a member state, Equatorial Guinea will have access to the AFC’s suite of products, including project preparation, equity investments, debt financing, and risk mitigation instruments designed to mobilize capital for bankable transformation projects. Membership also strengthens the AFC’s mission to foster African-led solutions to the continent’s infrastructure deficit, which is a critical foundation for job creation, industrial competitiveness and long-term prosperity.
With Equatorial Guinea’s accession, the AFC caps off a remarkable year in which three new countries joined the Corporation, expanding its membership to 47 African countries and significantly deepening its footprint on the continent. This momentum highlights AFC’s role as Africa’s leading infrastructure solutions provider, accelerating industrialization and strengthening regional value chains.
Distributed by APO Group on behalf of African Finance Corporation (AFC).
Media inquiries:
Yewande Thorpe
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African Finance Corporation
Mobile phone: +234 1 279 9654
Email: yewande.thorpe@africafc.org
About AFC:
AFC was established in 2007 with the aim of promoting viable infrastructure and industrial investment across Africa. AFC’s approach combines industry expertise with a focus on financial and technical advisory, project structuring, project development and risk capital to address Africa’s infrastructure development needs and drive sustainable economic growth.
After 18 years, AFC is Africa’s partner of choice, with a proven track record of investing in and delivering high quality infrastructure assets that provide essential services to core infrastructure sectors such as power, natural resources, heavy industry, transportation and telecommunications. AFC has 47 member countries and has invested more than US$17 billion in 36 African countries since its founding. www.AfricaFC.org
