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Bank of Tanzania takes equity stake in Africa Finance Corporation

Dar es Salaam, Tanzania. © Unsplash
Dar es Salaam, Tanzania. © Unsplash
  • Tanzania joins AFC to deepen infrastructure financing
  • Move signals rising African sovereign backing for development

 

DODOMA, TANZANIA – Tanzania’s central bank has taken an equity stake in the Africa Finance Corporation, reinforcing African-led infrastructure financing and boosting investor confidence.

The Bank of Tanzania’s (BoT) move makes it a shareholder in the Africa Finance Corporation (AFC), widening the institution’s sovereign ownership base and strengthening its capital pool.

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