The Bank of Tanzania has made an equity investment in infrastructure solutions provider Africa Finance Corporation (AFC), becoming a sovereign shareholder.
- •The AFC is scaling its support in Tanzania through sovereign financing and financial institution partnerships, including 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.
- •Established in 2007 and headquartered in Lagos, the AFC now has 48 member states and over 48 shareholders including sovereigns, pension funds, banks, and multilateral institutions across Africa.
- •In addition to African states and institutions, the AFC has also been seeking international investors including United Arab Emirates, Qatar, and Saudi Arabia, after Türkiye's Exim Bank joined as the first non-African equity shareholder in early 2024.
“Our investment reflects confidence in AFC’s model and aligns with Tanzania’s priorities to strengthen economic resilience, support private sector growth, and advance sustainable development through strategic partnerships," Emmanuel Tutuba, Governor of the Bank of Tanzania, said.
