The Africa Finance Corporation (AFC) announced on Tuesday, June 24, the official entry of the Republic of Angola into its capital as a sovereign shareholder, through a strategic investment of $184.8 million. This operation will strengthen the partnership between Angola and the pan-African institution specializing in infrastructure financing and demonstrates the country’s confidence in the AFC’s mission: to catalyze sustainable development and regional integration through structuring projects.
Already a member of the AFC since 2022, Angola is thus taking a new step in its collaboration with the Company. This new capital contribution is part of a continental dynamic aimed at strengthening African financing solutions to stimulate long-term sustainable growth.
Earlier this year, the Angolan sovereign fund (Fundo Soberano de Angola) had already injected $25 million into the AFC. These investments illustrate a coherent strategy of Luanda aimed at supporting industrial transformation and the development of national infrastructure, relying on strong financial partners.
With this investment, Angola becomes the second Portuguese-speaking country in Africa, after Cape Verde, to join the AFC’s shareholder capital table. This evolution also reflects the expansion of the institution’s pan-African anchoring, which continues to attract member states eager to support its impact and innovation-focused model.
“The commitment of Angola in terms of capital confirms the importance of aligning sovereign objectives with the AFC’s mission: providing essential infrastructure, innovating in financing, and establishing strategic partnerships between the public and private sectors,” said Samaila Zubairu, President and CEO of the AFC.
On the other hand, the Angolan Minister of Finance, Vera Daves de Sousa, emphasized the importance of this participation. “It reflects our belief that strong partnerships can contribute to sustainable economic transformation. The AFC has been a reliable partner, particularly in financing projects in energy, industry, and infrastructure, at the core of our diversification efforts,” he pointed out.
The collaboration between the AFC and Angola has strengthened over the years, notably through major projects such as the Lobito corridor, where the AFC acts as the lead developer alongside regional and international partners. This project aims to connect Angola to its neighbors through a strategic transport network and support regional commercial connectivity.
