The Central African Republic (CAR) has officially joined the Africa Finance Corporation (AFC), marking a significant milestone in its journey toward economic transformation and infrastructure development. With this addition, the AFC now counts 46 member states, further expanding its reach and impact across the continent. The Corporation also boasts over 47 shareholders, including sovereign states, pension funds, banks, and multilateral institutions, all working together to finance Africa’s most critical infrastructure projects.
The Central African Republic, rich in natural resources such as diamonds, gold, and timber, holds immense untapped potential that can be harnessed to drive long-term prosperity. However, despite its wealth of natural assets, CAR remains one of the most fragile states in Africa, facing challenges in governance, infrastructure, and economic stability. Its entry into the AFC presents an opportunity to leverage regional expertise and investment to unlock this potential.
Through AFC membership, the Central African Republic gains access to strategic partnerships, financial support, and technical expertise necessary to develop transformative projects. These projects are expected to foster industrialisation, boost job creation, and strengthen regional integration—key priorities for both CAR and the AFC. The collaboration signals a new era of development-focused investment for the nation.
Samaila Zubairu, President and CEO of the Africa Finance Corporation, emphasised the importance of this partnership, noting that the AFC looks forward to supporting CAR in transforming its abundant natural wealth into sustainable economic growth. He highlighted the Corporation’s commitment to building resilient infrastructure that empowers African nations to achieve self-sufficiency and economic resilience.
This new membership underscores the growing unity among African nations under the AFC framework and reinforces the collective vision of accelerating development across the continent. With CAR’s inclusion, the AFC continues to strengthen its mandate of delivering impactful infrastructure projects that redefine Africa’s economic future.
