Accra, Aug. 20, GNA – 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.
A release copied to Ghana News Agency on Thursday said the funds would strengthen Genser Energy’s balance sheet and provide additional financial flexibility to support its strategic priorities and continued growth.
That followed 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, said the financing demonstrated what African financial institutions could achieve by combining capital, expertise and regional reach.
Absa’s participation reflected 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, said the bank would continue to help businesses to secure the financing required to deliver complex, large-scale projects that supported 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.
“As we continue to grow, our focus remains unchanged: investing in large-scale infrastructure that delivers reliable energy, supports industry and creates long-term value for the countries and communities we serve,” he said.
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 Côte d’Ivoire and other strategic West African markets.
GNA
Edited by Agnes Boye-Doe