Genser Energy has secured a €456 million financing package arranged by Absa Bank Limited, through its Corporate and Investment Banking division, alongside Rand Merchant Bank and Standard Bank.
The funds will provide working capital to support Genser Energy's ongoing engineering, procurement and construction projects, strengthen the company's balance sheet, and give it additional financial flexibility to pursue its strategic priorities and continued growth.
The financing strengthens Genser Energy's financial platform while supporting continued investment in strategic energy infrastructure, operational expansion and new growth opportunities across West Africa. It builds on Genser Energy Ghana's US$428 million corporate refinancing and Genser Energy d'Ivoire SA's €200 million equipment loan facility, both completed in 2025.
Commenting on the transaction, the Managing Director of Absa Bank Ghana Limited, Edward Nartey Botchway, said the deal demonstrated what African financial institutions can achieve by combining capital, expertise and regional reach. "Our participation demonstrates Absa's capacity to connect clients to financing solutions for complex, large-scale projects that can advance industrial growth and economic development across Africa," he said.
The Managing Executive for Corporate and Investment Banking at Absa Bank Ghana, Ellen Ohene-Afoakwa, said the bank was pleased to support Genser Energy's strategic priorities and regional ambitions. "We remain committed to helping businesses secure the financing required to deliver complex, large-scale projects that support industrial growth and Africa's long-term economic development," she said.
The Chief Executive Officer of Genser Energy, Baafour Asiamah-Adjei, said the company had taken a long-term approach to building energy infrastructure across West Africa since its founding. "This financing reflects the confidence our financial partners continue to place in that vision, and we are grateful for the support of Rand Merchant Bank, Absa and Standard Bank," he said. "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."
The financing follows Genser Energy's strategic shareholder transition, announced in July 2026, and supports the company as it enters its next phase of growth.
Genser Energy expects to commission its Gas Conditioning Plant and the Takoradi Natural Gas Liquids Export Terminal later in 2026. The new financing gives the company additional flexibility to continue investing in Ghana while advancing its expansion into Côte d'Ivoire and other strategic West African markets.
