Bank of Tanzania Becomes Equity Shareholder in Africa Finance Corporation, Bolstering Sovereign Backing and Investor Base Diversification

The investment reflects growing sovereign confidence in AFC’s mandate to mobilise long-term capital for critical infrastructure and industrial development projects across Africa. It also reinforces the Corporation’s strong institutional positioning following its recent A (Positive Outlook) credit rating from S&P Global Ratings, which highlighted AFC’s robust capital structure, strong shareholder support, and consistent track record of delivering transformational projects across the continent.

The addition of the Bank of Tanzania further enhances AFC’s shareholder diversification strategy, deepening participation from African sovereign institutions and central banks, while reinforcing the Corporation’s role as a trusted partner for governments seeking to accelerate economic transformation through infrastructure-led growth.

The investment comes at a time when African economies are witnessing rising demand for development capital to support industrialisation, energy transition, logistics connectivity, and value-added manufacturing. AFC’s model, anchored on strong sovereign backing and access to global capital markets, continues to position the Corporation as a critical channel for directing capital into high-impact, bankable projects across Africa.

In Tanzania, AFC remains committed to scaling its support through sovereign financing and financial institution partnerships that support national development priorities. These include sovereign budget support facilities to the Ministry of Finance and Planning, as well as trade finance lines to local financial institutions to strengthen liquidity, facilitate trade, and support private sector activity. These investments will solidify AFC’s continued partnership with Tanzania in advancing economic stability and enabling long-term infrastructure and industrial development.