The Republic of Equatorial Guinea has officially joined the Africa Finance Corporation (AFC), becoming the institution’s 47th Member State. The accession strengthens AFC’s presence in Central Africa and underscores its role as a leading continental infrastructure solutions provider.
Equatorial Guinea, one of Africa’s resource-rich nations, is pursuing a long-term development vision under its Horizon 2035 strategy, which aims to diversify the economy beyond hydrocarbons and expand world-class transport, logistics, energy, and digital infrastructure. Membership in AFC will allow the country to leverage the Corporation’s technical expertise, project development capabilities, and financial resources to accelerate high-impact infrastructure projects.
H.E. Ivan Bacale Ebe Molina, Minister of Finance, Planning and Economic Development, described the partnership as “an important milestone in our national development journey,” emphasizing that AFC’s experience and African-led approach will help deliver bankable projects aligned with Equatorial Guinea’s strategic priorities.
Samaila Zubairu, AFC President & CEO, welcomed the country’s accession, noting: “Equatorial Guinea has set a bold agenda to drive economic diversification and build world-class infrastructure. AFC stands ready to deploy our approach to project development, de-risking, and financing to catalyse transformational projects that support sustainable growth in the country and the wider Central African region.”
Membership grants Equatorial Guinea access to AFC’s full suite of products, including project preparation, equity investments, debt financing, and risk mitigation instruments. The move also enhances AFC’s ability to mobilize global capital for strategic sectors across Central Africa, reinforcing regional integration into trade routes and value chains.
Equatorial Guinea now joins other Central African nations, including Angola, Burundi, Cameroon, Central African Republic, Chad, Democratic Republic of Congo, Gabon, Rwanda, and São Tomé and Príncipe, in partnering with AFC to accelerate sustainable infrastructure-led growth.
Since its establishment in 2007, AFC has invested over US$17 billion across 36 African countries, supporting infrastructure projects in power, natural resources, heavy industry, transport, and telecommunications. The addition of Equatorial Guinea cements AFC’s continental footprint and marks a strong close to a year of membership expansion.
