Malabo: Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, has officially announced that the Republic of Equatorial Guinea has acceded to membership, becoming the Corporation’s 47th Member State. This development follows closely on the heels of the Central African Republic’s recent accession, marking a significant step in AFC’s expanding presence in Central Africa and across the continent.
According to African Press Organization, Equatorial Guinea, a resource-rich nation, has set a long-term vision focused on industrialization and economic diversification beyond hydrocarbons. The country’s Horizon 2035 strategy emphasizes investments in world-class transport, logistics, energy, and digital infrastructure. By joining AFC, Equatorial Guinea aims to leverage the Corporation’s technical expertise and project development capacity to accelerate the delivery of high-impact infrastructure projects.
H.E. Ivan Bacale Ebe Molina, the Honourable Minister of Finance, Planning and Economic Development of Equatorial Guinea, highlighted the importance of this milestone in advancing the country’s national development goals. He stated that Equatorial Guinea is prioritizing investments to diversify its economy, strengthen its infrastructure base, and create sustainable opportunities for its people. AFC’s proven track record and commitment to African-led development make it an ideal partner for delivering projects that support long-term growth.
Samaila Zubairu, President and CEO of Africa Finance Corporation, expressed enthusiasm about welcoming Equatorial Guinea as a member. He noted the country’s bold agenda to drive economic diversification and build world-class infrastructure, emphasizing AFC’s readiness to deploy its approach to project development and financing. The collaboration aims to catalyze transformational projects that will accelerate sustainable growth in Equatorial Guinea and the broader Central African region.
Equatorial Guinea’s membership enhances AFC’s ability to mobilize global capital for strategic sectors in Central Africa, strengthening the region’s integration into global trade routes. The country joins other Central African nations in partnering with AFC to accelerate sustainable growth through infrastructure development.
As a member, Equatorial Guinea gains access to AFC’s suite of products, including project preparation, equity investments, and debt financing. This membership reinforces AFC’s mandate to foster African-led solutions to the continent’s infrastructure deficit, a critical foundation for job creation, industrial competitiveness, and long-term prosperity.
With this accession, AFC concludes a remarkable year of expansion, with three new countries joining the Corporation, increasing its membership to 47 African nations and significantly deepening its continental influence. This momentum underscores AFC’s role as a leading infrastructure solutions provider, accelerating industrialization and strengthening regional value chains.