Accra: Absa has helped to secure a EUR 456 million credit facility for Genser Energy Investments LLC, a leading integrated energy company in West Africa. The transaction, arranged by Absa's Corporate and Investment Banking division, alongside two other banks, will provide working capital to support Genser Energy's ongoing engineering, procurement, and construction projects.
According to Ghana News Agency, the funds would strengthen Genser Energy's balance sheet and provide additional financial flexibility to support its strategic priorities and continued growth. This financing comes after Genser Energy Ghana's USD 428 million corporate refinancing and Genser Energy d'Ivoire SA's EUR 200 million equipment loan facility completed in 2025.
Mr. Edward Nartey Botchway, the Managing Director of Absa Bank Ghana LTD, highlighted the financing as a demonstration of what African financial institutions could achieve by combining capital, expertise, and regional reach. Absa's participation reflects a commitment to connect clients to financing solutions for complex, large-scale projects that could advance industrial growth and economic development across Africa.
Madam Ellen Ohene-Afoakwa, Managing Executive, Corporate and Investment Banking, Absa Bank Ghana LTD, stated that the bank would continue to help businesses secure the financing required to deliver complex, large-scale projects that support industrial growth and Africa's long-term economic development.
Mr. Baafour Asiamah-Adjei, CEO of Genser Energy, commended Absa, Rand Merchant Bank, and Standard Bank for backing the company's vision. He emphasized that as the company continues to grow, their focus remains on investing in large-scale infrastructure that delivers reliable energy, supports industry, and creates long-term value for the countries and communities they serve.
The financing followed Genser Energy's successful strategic shareholder transition, announced in July 2026, and supports the company as it enters its next phase of growth. The company expects to commission its Gas Conditioning Plant and the Takoradi Natural Gas Liquids Export Terminal later in 2026. The financing provides additional flexibility to support continued investment in Ghana while advancing the company's expansion into C´te d'Ivoire and other strategic West African markets.