Lagos: Africa Finance Corporation (AFC), the continent’s premier infrastructure solutions provider, announced that the Republic of Equatorial Guinea has become its 47th Member State. This development follows the Central African Republic’s recent accession and represents a strategic expansion of AFC’s influence in Central Africa and across the continent.
According to African Press Organization, Equatorial Guinea, known for its abundant resources, is focusing on a long-term national vision aimed at industrialization and economic diversification beyond hydrocarbons. The country’s Horizon 2035 strategy emphasizes investments in transport, logistics, energy, and digital infrastructure to enhance regional integration, human capital, and resilience against global market fluctuations.
AFC membership aligns with these goals, providing Equatorial Guinea access to the Corporation’s technical expertise and project development capabilities. This partnership will facilitate high-impact infrastructure projects in sectors
such as renewable energy, logistics, and natural resources, promoting sustainable growth and regional integration.
The Honourable Minister of Finance, Planning and Economic Development of Equatorial Guinea, H.E. Ivan Bacale Ebe Molina, highlighted that joining AFC is a significant milestone in the country’s development journey. The partnership will support the nation’s Horizon 2035 goals by diversifying the economy and strengthening the infrastructure base. AFC’s experience and commitment to African-led development are seen as pivotal for achieving long-term growth.
Samaila Zubairu, President and CEO of Africa Finance Corporation, expressed enthusiasm for Equatorial Guinea’s membership. He emphasized AFC’s readiness to leverage its project development and financing expertise to support the country’s ambitious agenda for economic diversification and infrastructure development.
Equatorial Guinea’s accession also enhances AFC’s capacity to mobilize global capital for strategic sectors in Central Africa, integ
rating the region into global trade routes and value chains. The nation joins other Central African countries such as Angola, Burundi, and Cameroon in collaborating with AFC to drive sustainable growth through infrastructure initiatives.
As a Member State, Equatorial Guinea will benefit from AFC’s range of products, including project preparation, equity investments, and risk mitigation tools, aimed at facilitating financing for transformative projects. This membership reinforces AFC’s mission to deliver African-led solutions to the continent’s infrastructure challenges, essential for job creation and industrial competitiveness.
With Equatorial Guinea’s accession, AFC concludes a remarkable year with three new countries joining, bringing the total to 47 African nations. This growth highlights AFC’s pivotal role as a leading infrastructure solutions provider in Africa, driving industrialization and regional value chain development.