Absa supports €456m financing for Genser Energy’s next phase of growth
Absa has participated as one of the arrangers of a €456 million term and revolving credit facilities package for Genser Energy Investments LLC, a leading integrated energy company in West Africa.
Absa has collaborated with other banks to provide €456 million in financing for Genser Energy Investments LLC, a prominent West African integrated energy company. The funds will bolster working capital, enhance the company's balance sheet, and grant additional financial flexibility to aid strategic objectives and growth. This move strengthens Genser Energy's financial platform, supporting investments in energy infrastructure, operational expansion, and new opportunities across West Africa.
Absa Bank Limited's participation in the transaction signifies the bank's ability to connect clients with financing solutions for extensive projects that drive industrial growth and development in Africa.
Absa Bank Ghana LTD's Managing Director, Edward Nartey Botchway, emphasized the significance of the €456 million financing, highlighting Absa's capacity to support complex, large-scale projects that advance industrial growth across Africa. Ellen Ohene-Afoakwa, Absa Bank Ghana LTD's Managing Executive, Corporate and Investment Banking, expressed satisfaction in helping Genser Energy achieve its strategic priorities and regional ambitions.
She reiterated the bank's commitment to assisting businesses in securing financing for complex projects that contribute to industrial growth and Africa's long-term economic development.
Genser Energy CEO, Baafour Asiamah-Adjei, stated that the financing validates the company's long-term strategy of building energy infrastructure across West Africa. The funds will enable Genser Energy to complete the Gas Conditioning Plant and the Takoradi Natural Gas Liquids Export Terminal later in 2026. The financing also bolsters Genser Energy's capacity to invest in Ghana and expand into Côte d'Ivoire and other strategic West African markets.
As Genser Energy transitions to its next growth phase, the €456 million financing from Absa and other partners underscores financial partners' confidence in the company's vision for large-scale infrastructure, reliable energy, and long-term value creation for the countries and communities it serves.
Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
