Angola has become a sovereign shareholder in Africa Finance Corporation (AFC) following an equity investment of $184.8 million, signaling a significant step in its infrastructure and economic diversification drive.
The move deepens Angola’s partnership with AFC, a leading pan-African infrastructure solutions provider, and builds on nearly $1 billion in past AFC investments across key Angolan sectors such as power, rail, logistics, and critical minerals.
“This marks a significant step in AFC’s journey to broaden shareholder representation across Africa,” said Samaila Zubairu, President and CEO of Africa Finance Corporation, in a press release dated June 24.
The investment also follows a $25 million equity injection by the Fundo Soberano de Angola, the country’s sovereign wealth fund, made earlier this year.
Dr Vera Daves de Sousa, Angola’s Minister of Finance, said: “Angola’s shareholding investment in AFC signals our strong belief in the power of partnerships to deliver lasting economic transformation.
The Corporation has been a trusted ally over the last few years, financing strategic sectors including infrastructure, energy, and industrial projects critical to our diversification efforts, and we look forward to a continued, mutually beneficial partnership.”
Angola is now the second Portuguese-speaking African nation, after Cape Verde, to hold equity in the corporation.
AFC highlighted the Lobito Corridor project—a major multi-country transport network linking Angola, Zambia, and the Democratic Republic of Congo—as an example of the collaboration.
The corporation is lead developer of the corridor, which is expected to unlock new industrial and value-chain opportunities across mining, agriculture, energy, and tourism.
The new equity stake, AFC said, reinforces Angola’s confidence in its mandate to drive regional integration and sustainable development through transformative infrastructure.
Despite decades of public capital spending, Angola continues to face a substantial infrastructure gap.
According to a recent International Monetary Fund report, the quality of the country’s infrastructure remains below the average for Sub-Saharan Africa and other emerging markets.
AFC has 43 member countries and has invested $13 billion across the continent since its establishment in 2007.
Angola became a member of AFC in 2022.
