Bank of Tanzania Acquires Equity Stake in AFC to Bridge Africa’s Infrastructure Gap
The Bank of Tanzania (BoT) has acquired an equity stake in the Africa Finance Corporation (AFC), marking a significant vote of confidence in the pan-African infrastructure financier’s mandate to mobilise long-term capital for critical development projects.
The investment strengthens AFC’s sovereign shareholder base and enhances its diversified capital structure, reinforcing its position as a trusted partner for governments seeking to accelerate industrialisation and infrastructure-led economic growth across Africa.
AFC recently received an A (Positive Outlook) credit rating from S&P Global Ratings, recognising its robust capital framework, strong shareholder support, and consistent delivery of transformational projects.
Samaila Zubairu, President and CEO of AFC, said: “We are honoured by this decision. The Bank of Tanzania’s commitment underscores the strategic importance of African-led institutions that can mobilise long-term capital at scale for bankable infrastructure and industrial projects. This partnership will deepen our engagement in Tanzania and support priority sectors that drive industrial growth, regional integration, and long-term economic resilience.”
H.E. Emmanuel Tutuba, Governor of the Bank of Tanzania, added: “AFC has demonstrated a proven track record in mobilising capital for Africa’s infrastructure and industrial development. Our investment reflects confidence in their model and aligns with Tanzania’s national priorities to strengthen economic resilience and support private sector growth through strategic partnerships.”
The move comes amid rising demand for development capital across the continent, particularly in energy transition, logistics, and value-added manufacturing. AFC continues to provide sovereign budget support facilities, trade finance lines, and partnerships with local financial institutions to facilitate liquidity, trade, and private sector activity, positioning the Corporation as a key channel for high-impact, bankable projects across Africa.
Through this strengthened sovereign engagement, AFC is set to expand its role in advancing sustainable economic development and bridging Africa’s infrastructure gap.
