Aksa Enerji Secures $300 Million Loan from Africa Finance Corporation for Power Investments
Aksa Enerji has secured a $300 million loan from Africa Finance Corporation to support its investments in Africa's power sector. This loan increases the company's total borrowing from AFC to $450 million, underscoring its commitment to expanding its energy footprint across the continent.
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Aksa Enerji (AKSEN) has acquired a $300 million, six-year loan from Africa Finance Corporation (AFC) aimed at financing its energy projects in Africa. This loan, combined with a previous $150 million seven-year loan from AFC in 2025, raises AKSEN's total borrowing from AFC to $450 million.
The company operates three plants in Africa: a 370-MW facility in Ghana and two smaller plants in Mali and Madagascar. In 2026, AKSEN plans to commission additional natural gas power plants in Ghana, Gabon, Senegal, and Kazakhstan with a total capacity of 724 MW.
In Turkey, AKSEN is developing 13 renewable energy projects with a total capacity of 891 MW and has a 50 MW storage facility. By the end of 2025, AKSEN's total capacity across seven countries will reach 3 GW, including gas plants in Uzbekistan and Turkey. The recent funding may enhance AKSEN's competitiveness in the African energy market.
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