Tanzania’s central bank has joined the Africa Finance Corporation (AFC) as a sovereign equity investor, strengthening the pan-African infrastructure financier’s capital base and ownership structure.
AFC president and chief executive Samaila Zubairu said on Wednesday that the Bank of Tanzania’s decision reflected growing confidence in the corporation’s mandate to mobilise long-term capital for industrialisation, energy transition and logistics projects across the continent.
“We are honoured by this decision and value it as a strong vote of confidence in AFC’s mandate and track record,” Zubairu said in a statement.
“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.”
AFC, which recently secured an A rating with a positive outlook from S&P Global Ratings, has positioned itself as a trusted partner for governments seeking infrastructure-led growth.
The addition of Tanzania deepens shareholder diversification, with AFC highlighting its role in supporting national development priorities through sovereign financing and trade facilities.
Established in 2007, AFC has become a leading channel for mobilising domestic and international capital into Africa’s most critical infrastructure assets, aiming to bridge the continent’s infrastructure gap and enhance competitiveness in global value chains.
JN/APA