The Bank of Tanzania (BOT) has made an undisclosed equity investment in the Africa Finance Corporation (AFC), becoming a sovereign shareholder and further strengthening the Corporation’s diversified capital base and pan-African ownership structure.

“AFC’s mandate and track record give us confidence in its ability to mobilise long-term capital for critical infrastructure and industrialisation projects,” said H.E. Emmanuel Tutuba, Governor of the Bank of Tanzania.

“Our investment aligns with Tanzania’s priorities to support economic resilience, private sector growth, and sustainable development through strategic partnerships.”

The investment highlights growing sovereign confidence in AFC’s role as a key channel for development capital across Africa.

The Corporation recently received an A (Positive Outlook) rating from S&P Global Ratings, which cited its strong capital structure, shareholder support, and consistent delivery of transformational projects across the continent.

Samaila Zubairu, President & CEO of AFC, said the investment is “a strong vote of confidence in AFC’s mandate and track record. The Bank of Tanzania’s commitment strengthens our sovereign shareholder base and reflects recognition of AFC as a reliable partner in bridging Africa's infrastructure gap and fostering sustainable development.”

AFC intends to deepen its engagement in Tanzania through sovereign financing and partnerships with local financial institutions. Planned initiatives include budget support facilities for the Ministry of Finance and Planning, as well as trade finance lines designed to enhance liquidity, facilitate commerce, and support private sector activity.

The addition of BOT as a shareholder diversifies AFC’s institutional base, increasing participation from African central banks and sovereign entities while reinforcing the Corporation’s ability to channel capital into high-impact, bankable infrastructure and industrial projects.

With demand rising for development capital to support industrialisation, energy transition, logistics, and value-added manufacturing across Africa, AFC’s model—anchored on strong sovereign backing and access to global capital markets—positions it as a critical partner in driving economic transformation.

“We look forward to deepening our engagement in Tanzania and supporting priority sectors that drive industrial growth, regional integration, and long-term economic resilience,” Zubairu said.

Through its growing shareholder base and strategic partnerships, AFC continues to mobilise domestic and international capital into Africa’s most essential infrastructure projects, promoting sustainable economic growth and enhancing the continent’s competitiveness in global value chains.