Malabo: Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent's leading infrastructure solutions provider, today announced that Equatorial Guinea has officially joined as the Corporation's 47th Member State. This development follows the recent accession of the Central African Republic, highlighting AFC's expanding influence in Central Africa and across the continent.
According to African Press Organization, Equatorial Guinea, a resource-rich nation in Africa, has laid out a national vision aimed at industrialisation, economic diversification beyond hydrocarbons, and the development of transport, logistics, energy, and digital infrastructure. The country's Horizon 2035 strategy focuses on investments that can enhance value addition, boost regional integration, and strengthen resilience against market volatility.
Membership in AFC aligns with these national priorities by allowing the government to utilize AFC's technical expertise and project development capabilities to fast-track infrastructure projects. AFC aims to collaborate with public and private stakeholders in sectors such as renewable energy, logistics, transport corridors, and natural resources.
H.E. Ivan Bacale Ebe Molina, the Honourable Minister of Finance, Planning and Economic Development of Equatorial Guinea, expressed that joining AFC is a significant step in the country's development path. He emphasized the importance of AFC's role in supporting the goals of Horizon 2035, particularly in diversifying the economy and strengthening infrastructure.
Samaila Zubairu, President and CEO of Africa Finance Corporation, welcomed Equatorial Guinea's membership and reiterated AFC's commitment to supporting the country's economic diversification and infrastructure development. He highlighted AFC's readiness to facilitate transformational projects that will bolster sustainable growth in Equatorial Guinea and the broader Central African region.
Equatorial Guinea's inclusion strengthens AFC's ability to attract global capital to strategic sectors across Central Africa, integrating the region into global trade routes. As a Member State, Equatorial Guinea will benefit from AFC's project preparation, equity investments, debt financing, and risk mitigation instruments, all aimed at mobilizing financing for impactful projects.
With the addition of Equatorial Guinea, AFC concludes a milestone year, bringing three new countries into its membership and enhancing its presence across Africa. This expansion underscores AFC's pivotal role in accelerating industrialization and fortifying regional value chains across the continent.
