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Genser Energy, a leading integrated energy company in West Africa, has closed a $529 million (€456 million) package of term and revolving credit facilities arranged by three major African banking groups.
The financing, arranged by the First Rand Bank Limited, through its Rand Merchant Bank division (“RMB”); Absa Bank Limited, through its Corporate and Investment Banking division; and Standard Bank of South Africa, through its Corporate and Investment Banking division, is intended to bankroll the company’s next stage of growth across the region.
According to the announcement, the funds will provide working capital to support the completion of ongoing engineering, procurement and construction (EPC) projects, strengthen Genser’s balance sheet, and give the company added financial flexibility to pursue its strategic priorities.
“Since day one, Genser has taken a long-term approach to building energy infrastructure across West Africa. This financing reflects the confidence our financial partners continue to place in that vision, and we are grateful for the support of RMB, Absa and Standard Bank,” said Baafour Asiamah-Adjei, founder and CEO of Genser Energy.
Founded in 2006, Genser Energy is a privately owned integrated energy solutions and infrastructure company focused on industrial growth and energy security across West Africa. It has an installed generation capacity of more than 334 megawatts and operates a 436-kilometre privately developed natural gas pipeline network across Ghana.
The company supplies power to industrial clients and utilities in Ghana and participates in cross-border power exports in the region. It is also completing major midstream projects, including a Gas Conditioning Plant and a Natural Gas Liquids (NGL) Export Terminal.
The $529 million credit facility builds on two earlier deals completed in 2025: Genser Energy Ghana’s $428 million corporate refinancing and Genser Energy d’Ivoire SA’s $232 million (€200 million) equipment loan facility. It also arrives on the heels of Genser completing a strategic shareholder transition. Oppenheimer Partners exited the company in July 2026, a move the company said positioned it for its next chapter of expansion.
The fresh capital gives Genser room to keep investing in Ghana while it pushes into Côte d’Ivoire and other West African markets. Later this year, the company expects to commission two flagship projects: the Gas Conditioning Plant and the Takoradi Natural Gas Liquids Export Terminal, both described as important milestones in its evolution.
“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,” added Asiamah-Adjei.
The new financing and the commissioning of these new projects will underpin Genser’s ambition to expand its integrated gas-to-power platform and deepen its footprint across the region’s energy infrastructure landscape.
