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Aksa Energy has signed a new $300 million loan agreement with the Africa Finance Corporation (AFC). With this new financing—provided in addition to the $150 million loan secured in June 2025 and intended for use in power plant investments in Africa—the total funding Aksa Energy has secured from AFC has reached $450 million.
Aksa Energy, a global leader in the energy sector with 12 power plant operations across 7 countries and an installed capacity exceeding 3,000 MW, has signed another significant financing agreement to support its “Sustainable High Growth” strategy in Africa. The company has signed a credit agreement totaling 300 million U.S. dollars with the Africa Finance Corporation (AFC), one of Africa’s leading development finance institutions, to be used for power plant investments in Africa. With this agreement, the total financing secured by Aksa Energy from AFC within a year has reached 450 million U.S. dollars.
The partnership between Aksa Energy and AFC goes beyond a mere financing agreement; it stands out as a strategic collaboration that contributes to strengthening Africa’s energy infrastructure, supporting regional development, and accelerating long-term sustainable high growth.
Aksa Energy’s power plant projects on the African continent stand out thanks to strong engineering and operational expertise, a flexible business model that quickly adapts to local dynamics, and a disciplined investment approach; meanwhile, AFC’s robust financial strength and international investment experience will provide significant leverage for these projects.
We Are Supporting Our Growth in Africa with a Strong Financial Structure
Commenting on the matter, Cemil Kazancı, Chairman of the Board of Directors at Aksa Energy, stated: “The investments we are making in Africa form one of the cornerstones of Aksa Energy’s global growth vision. Four of the projects we plan to commission this year are located in Africa. We began commercial production in January by commissioning the first of these as a simple cycle plant in Ghana. Together with our natural gas power plants in Senegal and Gabon, we will continue to advance our contribution to energy supply security—one of the continent’s most critical needs.
To ensure the sustainability of our support for Africa’s energy transition and development, we are pleased to strengthen our partnership with the Africa Finance Corporation through a new agreement. This agreement goes beyond mere financing; it reflects a powerful combination of knowledge, technical expertise, and a shared vision. “As Aksa Energy, we will continue to develop projects in Africa that are lasting, sustainable, and create high value-added by combining our project development and operational experience across various regions with AFC’s strong financial structure.”
